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.

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.

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

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