Why is Elon Musk no longer the richest man?

On Monday, Tesla Inc.’s chief executive officer lost his spot as the world’s second-richest person to LVMH Chairman Bernard Arnault as the electric vehicle-maker’s shares fell 2.2\%. That was on top of last week’s slump amid a rout in technology stocks and fresh signs of trouble in its China business.

Who is richer Jeff Bezos or Bill Gates or Elon Musk?

So, if Gates still had those shares, his net worth would have been $693 billion, more than that of Musk ($340.4 billion) and Bezos ($200.3 billion) combined. His net worth is estimated to be $136.4 billion, as of November 1, 2021.

How did Elon Musk get so rich so fast?

Musk became a multimillionaire in his late 20s when he sold his start-up company, Zip2, to a division of Compaq Computers. In January 2021, Musk reportedly surpassed Jeff Bezos as the wealthiest man in the world.

Who is the 2nd richest man in the world?

Amazon founder and CEO Jeff Bezos has a net worth of $191.7 billion and ranks as the second richest person on the earth today.

Is Elon Musk the 2nd richest person in the world?

In November, Musk raced past Bill Gates to become the second-richest person. Musk has gained more wealth over the past 12 months than Gates’ entire net worth of $132 billion. Tesla’s shares closed Thursday at $816.04, up nearly 8\%.

Is Elon Musk richer than Jeff Bezos?

The Forbes Real Time Billionaires List had Musk about $7 billion behind Bezos after the market close Thursday. Forbes pegged Bezos’ net worth at $184.6 billion and Musk at $177.2 billion.

How much is Elon Musk worth 2020?

Musk started 2020 worth about $27 billion, and was barely in the top 50 richest people. Tesla’s rocketing share price — which has increased more than ninefold over the past year — and his generous pay package have added more than $150 billion to his net worth.

Who is the richest person in the world right now?

Elon Musk just became the richest person in the world, with a net worth of more than $185 billion, according to CNBC calculations. Thursday’s increase in Tesla’s share price pushed Musk past Jeff Bezos, who had been the richest person since 2017 and is currently worth about $184 billion. Musk’s wealth surge over the past year marks