Elon Musk is now not the second richest individual on the planet, look who beat him
The Tesla mogul fell to third place in the billionaire rankings and is still further and further away from Jeff Bezos.
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March 5, 2021 3 min read
This article was translated using AI technologies from our Spanish edition. Errors can occur due to this process.
The opinions expressed by the entrepreneur’s contributors are their own.
This was not a good day for Elon Musk as he lost his position as the second richest person in the world. The Tesla CEO’s fortune posted losses of around $ 6.2 billion, dropping to third place in the Forbes billionaires rankings.
Musk’s losing streak began on Wednesday when he’d lost around $ 6.5 billion by the end of the day. The mogul stayed in third place for several hours until fluctuations in stock markets helped him recover and return to his position this morning.
Today’s session wasn’t in his favor, however, as Tesla shares fell nearly 5%. Now your net worth is 150.900 million, while February 17th was 191,000 billion.
While this could be normal behavior for the stock market and it is very likely that it will recover in the near future, it will have to give the crown to another billionaire for now.
Source: Forbes Real-Time Billionaires List
With Elon Musk battling two consecutive losing days, Frenchman Bernard Arnault, owner of the LVMH conglomerate, is the second richest person in the world with a net worth of $ 155.600 million.
The LVMH group comprises more than 70 luxury brands. These include Louis Vuitton, Christian Dior, Fendi, Givenchy, Marc Jacobs, Fenty Beauty, Bvlgari, Tiffany & Co. and Sephora.
Until last month, Elon Musk and Jeff Bezos alternated between first and second places in the Forbes billionaires. Now, however, Amazon’s founder surpasses SpaceX’s CEO by nearly $ 25 billion as his current net worth is $ 175.4 billion.
Just 10 days ago, on February 24, Tesla fell 25% and Elon Musk lost more than $ 15 billion in a single day. At the time, the 49-year-old tycoon’s net worth was $ 166.1 billion.