Elon Musk has officially been deposed from the top of Forbes’ annual “World’s Billionaire List” and is now the second-richest billionaire. VANGUARD reports.Information Guide Nigeria
Musk is now second to Bernard Arnault, the chairman of French luxury goods giant LVMH. His net worth increased more than $50 billion in the past year to $211 billion.
Forbes explained that Musk’s wealth had fallen because his $44 billion Twitter purchase, funded by Tesla shares, scared investors and sent Tesla stock sinking sharply last year.
Tesla gained much of those losses back this year but is still significantly lower than before Musk bought Twitter, CNN reported on Tuesday.JAMB Result
