Elon Musk Is About to Lose His Spot as World's Wealthiest ManThe Tesla mogul has already briefly lost his spot briefly to Louis Vuitton CEO Bernard Arnault.

BySteve Huff

Carina Johansen | Getty Images

It's not like he'll have trouble paying his cable bill, butElon Muskis in danger of losing his rank as the number one wealthiest man in the world — on one list, anyway.

CNNreportedWednesday afternoon that Musk slipped behind Louis Vuitton (LVMH) CEO Bernard Arnault on the Forbes Billionairelist. However, theTwitterowner's slip in the rankings didn't last long; Musk's wealth soon ticked back up to $184.9 billion, compared to Arnault's $184.7 billion.

Arnault has maintained a place near the top of the list thanks to his company's stock remaining relatively stable throughout 2022. A great deal of Musk's fortune is inTeslashares, which have plummeted by more than 55%. Forbes speculated that this was partly because of Musk's controversial Twitter acquisition.

Musk bought Twitter for $44 billion, using a total of nearly $20 billion in profits from Tesla shares sold at different times throughout the year. As CNN notes, however, it isn't all that easy to figure out just how much money Elon Musk has in the bank:

Estimating Musk's wealth, in general, is a difficult task, however, as much of his money is tied up in his private companies, including rocket and internet firm SpaceX, tunneling outfit The Boring Company, and Neuralink, which wants to put computer chips in people's brains.

The Forbes list is one thing — as CNN notes, Musk easily tops the Bloomberg Billionaires Index, which lists his worth as $179 billion, with Arnault holding down a distant second place at $165 billion.

Wavy Line
Steve Huff

Entrepreneur Staff

Editor's Pick

Related Topics

Business News

Kristen Bell and Dax Shepard's Family 'Stranded' at Boston Airport During 9-Hour Delay: 'We Made Quite a Home Here'

The actors spent $600 on pillows and blankets while waiting for their flight.

Business News

报告:Vanna白色没有得到加薪18 Years, Will Walk if Not Offered $4.5 Million More for 'Wheel of Fortune'

The news follows longtime host Pat Sajak's decision to retire after this season.

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Science & Technology

This Is the New ChatGPT Trend That Will Enhance Your Business

ChatGPT plugins are becoming the new cool trend among entrepreneurs to enhance their businesses and engage more customers. Here are some insights into how they're impacting business enterprises, along with some potential risks that may accompany the benefits.

Business News

McDonald's Is Launching a Spinoff Restaurant Chain Based on a Beloved, Blast-From-the-Past Mascot

The company saw a lot of success with another former mascot, Grimace, in June.