World’s richest man revealed: Elon Musk briefly loses top spot after buying Twitter but rallies over Bernard Arnault
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%.
It came after Musk's net worth dropped below $200 billion earlier on November 8 as investors dumped Tesla's shares amid concerns the executive - and largest shareholder of the world's most valuable electric-vehicle maker - was more preoccupied with Twitter. Tesla has lost nearly half its market value and Musk's net worth has dropped by about $70 billion since he bid for Twitter in April.
Musk closed the deal for Twitter in October with $13 billion in loans and a $33.5 billion equity commitment. Besides Tesla, he also heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.2. Bernard Arnault and family - $184.7B
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