The richest man in the world is French, dethroning Elon Musk

According to the Forbes list of “real-time billionaires”, Elon Musk is no longer the richest man in the world. He loses his throne to another entrepreneur, French this time. Everything is played out in a “pocket handkerchief”, at a few tens of millions…

If everything seemed to succeed for Elon Musk in 2021, the same cannot be said for the year 2022 during which the American entrepreneur was strongly criticized following his takeover of Twitter. Today, a Frenchman takes the lead in the ranking of the richest men in the world, dethroning Musk.

Bernard Arnault, new richest man in the world

In the small world of billionaires, we are not impressed by the numbers. Ten million here, a billion there, the fortunes evolve according to the stock market valuation of the companies concerned. To be as close as possible to the reality of the ultra-rich, Forbes maintains a ranking of “real-time billionaires” which updates the “net worth” of the various personalities every five minutes when the stock markets are open.

For billionaires whose fortunes depend in part on their private businesses, as is the case of Elon Musk, the figures are updated every 24 hours. In addition to the ranking of the various fortunes, Forbes also offers a “top 5” of winners and losers of the day. Figures that make you dizzy insofar as the daily gains and losses are counted in the hundreds of millions of dollars, even in the billions.

Today’s winners and losers. © Forbes

Thus, Bernard Arnault and his family are today first in the ranking of the richest personalities with a fortune estimated at 186.5 billion dollars, ahead of Elon Musk and his 185 billion. A position that the French owner of the luxury group LVMH (Louis Vuitton, Dior, Givenchy, Kenzo, Château d’Yquem, etc.) owes to the stability of his fortune and the impressive fall of that of Elon Musk. In 2021, the boss of Tesla and SpaceX was “worth” 320 billion dollars, surpassing Jeff Besoz as the richest man in the world. Since then, Elon Musk’s choices have not been unanimous, including among investors, leading to a decline in his fortune of around 56% in 2022.

forbes world rich man ranking

The real-time ranking of the richest men and women in the world. – © Forbes

An impressive fall which is partly explained by its acquisition of Twitter for 44 billion dollars. To do so, Musk sold $15.4 billion worth of Tesla stock, driving down the company’s stock price. Indeed, investors did not see this in a good light, fearing that the CEO would disperse between his various projects.

On the same subject : Elon Musk wreaks havoc on Twitter, all the news live

Elon Musk’s fortune is particularly difficult to estimate as much of his money is tied up in his private companies like Neuralink, recently accused of animal abuseThe Boring Company, SpaceX, Tesla and recently Twitter.

The markets could therefore just as quickly put it back at the top of the Forbes ranking. Elon Musk remains firmly attached to the second place, far ahead of Gautam Adani, the Indian founder of a conglomerate of companies with interests in the energy infrastructure and logistics sector. The rest of the ranking is occupied by Jeff Bezos, Warren Buffett and Bill Gates. Larry Ellison, co-founder of Oracle, is in 7th place.

Source :

Forbes