Blow to Elon Musk: Stop being the richest person in the world

Elon Musk He is no longer the richest person in the world. Although it fell from the top spot of the world’s richest billionaire to Bernard Arnault in December, and regained the top spot in February, South Africa slipped to second place two months later.

The main reasons for this new decline in the ranking of the world’s top businessmen are the fall of the Tesla stock market, and the high investment of the rocket launch Starship from his aerospace manufacturing company SpaceX in Texas (United States)Which reached 12,000 million dollars equivalent 10,923 million euros. Despite this, according to Bloomberg, Musk maintains a fortune of $164,000 million, which is about €149,000 million.

A fact that did not allow him to maintain the status of the richest person in the world, which he once again holds Bernard Arnault. The Frenchman, the current chairman and CEO of luxury group LVMH, has a net worth of $185,000 million (€168 million). A fortune he acquired in part from the sale of construction and public works as part of his father’s business worth 40 million francs.

The major brands held by the business group are some such as Louis Vuitton, Christian Dior, TAG Heuer, Sephora and Givenchy Parfums. Thanks to the fortune earned by his father’s business, the businessman allocated 150 million euros to acquire the textile group owned by Dior, which had gone bankrupt. Five years later, Arnault became CEO and Chairman of the Board of Directors of LVMH.

Over time, Arnault turned LVMH into a Luxury goods powerhouse with 75 brands Selling wines, spirits, fashion, leather goods, perfumes, cosmetics, watches, travel, jewelry and hotel stays. In fact, in January 2021, the company acquired the American jewelry company Tiffany & Co. for 15.8 billion euros, which is the largest acquisition of a luxury company to date.

The platform is complemented by other regulars in this type of list, such as Jeff Bezos. Amazon founder stays in The latest move after adding two years of economic downturns, just at the time he announced his resignation as CEO of the e-commerce giant. The American billionaire came to lead the ranking of the greatest fortunes in the world for several years until 2021, when Elon Musk overtook him. Since then, it no longer appears in the first place.

Reacting to the rocket takeoff and controversy with verified twitter

despite of The ‘biggest rocket ever built’ exploded just four minutes after launch, and the action meant something to Elon Musk. Success for the simple fact of quittingAnd Because it was a large ship that managed to overcome Max Q, the moment of maximum aerodynamic pressure. This was not the only controversial issue of the week regarding the issue from Pretoria.

On Twitter, on Thursday the 20th, an uproar emerged that many accounts of live streamers, YouTubers, sports entities, as well as other public organizations, no longer had their old verified account. In this regard, there are opinions that are contrary to the policy adopted by the company, since Elon Musk is the owner after the changes approved by the company. Who wants to get New Verified, you have to pay $8 per month.