Elon is not the richest man in world .so who?

Forbes Billionaires List 2023: Bernard Arnault Surpasses Elon Musk as the Richest Person in the World

Image Source :- Google images

The latest Forbes Billionaires List has been released, revealing that Elon Musk is no longer the richest person in the world.

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Despite increasing his wealth by $20 billion over the past year, Musk has been surpassed by the founder of LVMH, Bernard Arnault.

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Arnault’s fortune now stands at $193.4 billion, up from $76 billion last year.

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Musk’s net worth has also grown significantly over the past year, increasing from $42 billion to $177 billion, primarily due to his ownership of Tesla and SpaceX.

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However, a recent drop in Tesla's stock price has resulted in a decline in Musk’s wealth.

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The Forbes Billionaires List has also seen an increase in the number of billionaires worldwide, with a record 2,755 individuals making the list.

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The total combined net worth of these individuals has also increased by 31% since last year, totaling $13.1 trillion.

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The COVID-19 pandemic has played a significant role in the rise of some of the billionaires on the list, particularly those in the technology and healthcare industries

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For example, Eric Yuan, the founder of Zoom, saw his net worth more than triple to $11 billion due to the increased demand for video conferencing software during the pandemic.

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In conclusion, the Forbes Billionaires List has revealed that Elon Musk has been overtaken by Bernard Arnault as the richest person in the world.

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Despite this, Musk’s net worth has still increased significantly over the past year,

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and the list has seen a record number of billionaires and an increase in total combined net worth.

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The COVID-19 pandemic has played a significant role in some of the increases, particularly in the technology and healthcare industries.

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Young startup founder arrested for faking user growth and active users, 2 years after selling her company for $175 million

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