Elon Musk is no longer world’s richest man

Per Forbes: Elon Musk lost the title of world’s richest person on Wednesday, according to Forbes’ billionaire rankings.

The Tesla CEO lost $3.4 billion of his net worth overnight as the electric car and Musk has lost more than $100 billion to the carmaker’s tanking stock.

It was estimated by Forbes that Bernard Arnault and his family, the French CEO of luxury goods conglomerate LVMH, were the richest.

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