Elon Musk briefly loses title as world's richest person to LVMH's Arnault - Forbes - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Twitter owner and Tesla boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker.

SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019.SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019.

Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s parent company LVMH, and his family briefly took the title as the world’s richest but were back at number two with a personal wealth of $185.3 billion, according to Forbes. Tesla shares, which have lost more than 47% in value since Musk made his offer to buy Twitter earlier this year, were down 2.7%. Musk’s net worth dropped below $200 billion earlier on Nov.8 as investors dumped Tesla’s shares on worries the top executive and largest shareholder of the world’s most valuable electric-vehicle maker is more preoccupied with Twitter.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Hahah haiii “briefly lost title” 🌚🌚

Regardless, we enjoy this African returning our First Amendment to the people!

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Twitter faces more legal fallout over worker firings under MuskTwitter is facing new legal fallout from mass layoffs under Elon Musk’s management, including complaints from some workers that severance payments are less than promised and from other employees that the company retaliated against them for exercising protected labour rights.
Source: dailymaverick - 🏆 3. / 84 Read more »

Elon Musk gives up top spot on Forbes list of world's richest people to Louis Vuitton chief | Business InsiderElon Musk gave up the top spot on Forbes' Billionaires List to Bernard Arnault, the CEO of the French company that owns Louis Vuitton, on Wednesday.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Elon Musk converts some Twitter offices into bedrooms at HQ in light of 'hardcore' ultimatum | Business InsiderOne of Twitter's office bedrooms has a queen size bed, a bedside table, two armchairs, and an orange carpet, per Forbes.
Source: BISouthAfrica - 🏆 34. / 51 Read more »