Final week, Arnault and his family for the primary time logged private wealth of $185.4 billion, ahead of Musk who recorded a internet value of $185.three billion, before leaping again to $190 billion.
Amid the highs and lows of 2022 for Elon Musk, the billionaire has seen his internet value tumble by greater than $100 billion this yr, and he has now been replaced by Bernard Arnault, the chief government of luxurious model Louis Vuitton's father or mother company LVMH, as the richest man in the world.
Based on the Bloomberg Billionaires Index, Musk, 51, is now value $168.5 billion (as of Tuesday), lower than the $172.9 billion internet value of Arnault, 73.
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