Why Elon Musk is no longer the richest man in the world - Dr Boyce Watkins
Elon Musk is no longer the world’s richest person, having been replaced by Bernard Arnault. This is largely due to the fact that Musk’s net worth has declined significantly over the past year, while Arnault’s has increased.



The main reason for Musk’s decline in net worth is the fact that Tesla’s stock price has been highly volatile over the past year. This is mainly due to the fact that Tesla’s production and delivery numbers have been lower than expected, and the company has faced a number of challenges, such as the coronavirus pandemic. As a result, Musk’s net worth has decreased significantly, while Arnault’s has increased.



Another factor that has contributed to Musk’s decline in net worth is the fact that he has been selling off large amounts of his Tesla stock in order to fund his other ventures. This has resulted in a significant reduction in his net worth, as he has been selling off a large portion of his stake in the company.



Finally, Arnault has seen a significant increase in his net worth due to the success of his company, LVMH. The company has seen a large increase in sales over the past year, and this has resulted in an increase in Arnault’s net worth.



Overall, the main reason for Musk’s decline in net worth is the fact that Tesla’s stock price has been highly volatile over the past year, and he has been selling off large amounts of his Tesla stock in order to fund his other ventures. On the other hand, Arnault has seen a significant increase in his net worth due to the success of his company, LVMH. As a result, Arnault has replaced Musk as the world’s richest person.