Elon Musk spent billions on a bid to turn Twitter around (Picture: Reuters)
Elon Musk has lost the title of the world’s richest person to fashion titan Bernard Arnault, according to Forbes’ real time wealth tracker.
The Twitter and electric car maker Telsa owner was knocked out of the top spot by Arnault, who owns Louis Vuitton’s parent company LVMH.
He and his family, according to Forbes’ billionaire tracker, have a personal wealth exceeding $185.1 billion, or around £152,000,700,000.
Musk’s fortune stands at $184,600,000,000, briefly clinching back as the richest person earlier today before the value of his stake in Tesla tumbled.
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It comes after Musk’s $44 billion bet on Twitter.
