The Chief Executive of fashion brand Louis Vuitton, Bernard Arnault has displaced Twitter and Tesla owner, Elon Musk as the world’s richest man.
This was revealed by Forbes on Wednesday and it is coming after Musk experienced a costly drop in the value of his stake due to the recent purchase of Twitter to the tune of $44 billion.
The American sold stocks in his electric-car company in order to fund the acquisition of the social media company.
Despite Musk’s net worth dropping below $200 billion earlier on November 8, he remains number two on Forbes’ billionaire list with a personal value worth of $185.4 billion.
Arnault’s wealth is worth $185.8. The 73-year-old French man is a business magnate whose headquarters is based in Paris, France.
