The Tesla founder and Twitter CEO was knocked off the top spot on Forbes’ 2023 billionaires list by fashion industry exec Bernard Arnault of France, who has a $211 billion fortune, the public…
Elon Musk is no longer the world’s richest person alive.
The 74-year-old CEO of LVMH, the parent company of over 70 high-end brands like Louis Vuitton, Christian Dior, Givenchy, Tiffany’s, Marc Jacobs, Sephora, Fenty Beauty and more, added a whopping $53 billion to his net worth over the past 12 months — the largest jump of any billionaire this year,Arnault claimed Musk’s number-one spot in last year’s list with $31 billion more than the 51-year-old SpaceX CEO.
The Frenchman first made the Forbes list in 1997 when he was worth $3.1 billion and rose through the ranks in the years following until he hit the top five richest people in 2011.
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