Elon Musk loses the title of "World's richest Person in the World". on December 7th, 2022

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His net worth damped down to $185.3 billion eventually losing his status.

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Elon Musk was on the top of the Forbes list since September 2021.

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The main reason for his wealth decline is the falling share price of Tesla.


Even his deal with Twitter for a whopping $44 billion certainly made damaged his wealth.


Elon Musk's wealth dropped by over $70 billion since his acquisition of Twitter.

According to the report, Elon Musk was losing $1 billion every day.

Now the LVMH chief Executive, Bernard Arnault grab the title of " World Richest person in the world" with a $186 billion net worth.

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Elon Musk is dealing with a tough time in his life. Most Expensive acquisitions (Twitter), declining shares of his company, and failure of change in the business model of Twitter.