Big Change Looms Among the World’s Billionaires

Elon Musk sits on top of the world.

But his reign could end in the coming weeks.

Blame it on a French billionaire. Bernard Arnault, CEO of luxury group LVMH (LVMHF) eyeing the tech mogul’s throne dangerously.

The throne in question is that of the richest person in the world. Currently, Musk wears the crown. His fortune is estimated at $189 billion as of November 13, according to the Bloomberg Billionaires Index.

The fortune of the serial entrepreneur, however, fell sharply. Since January, Musk has lost nearly $82 billion in nearly eleven months. He, who was one of the few to be part of the very select club of 200 billion dollars, is now threatened by Arnault.

Leave a Comment