ELON'S WEALTH UNDER THREAT
How recently Musk's position in the top asset spot has been under threat from the French executive and the CEO of luxury conglomerate LVMH, Bernard Arnault.
Since Musk announced his attempt to acquire Twitter on April 25, Tesla stock has dropped over 50% to $167.87, resulting in a $525 billion decline in market capitalization. Tesla stock has decreased 25% after the billionaire sealed the Twitter acquisition on October 27.
The price of Tesla shares is down 52.4% overall for the year. Since Musk took on $13 billion in personal debt to fund the acquisition, his early moves at Twitter produced confusion, which made it even harder for him to turn the platform profitable as soon as possible.
If Elon Musk is still the richest man in the world, his money has been declining. This year, his net worth dropped by $101 billion, or 37%.
What do you think?
Will Elon be able to retain his position as the number one richest man in the world or will he be taken over by the CEO of the LVMH luxury conglomerate, Bernard Arnault, the French business magnate? With an estimated $157 billion in wealth, Arnault is only $13 billion behind Musk.
Let us know your thoughts in the comments below.
Anyways guys if you want to see more interesting videos subscribe with all notifications enabled so that you don't miss out on the latest videos on wealth creation.
-
16:22
Create Quantum Wealth
1 year agoTucker Carlson's Disturbing Message Shocked Liberals Across America
4991 -
2:54:50
The Charlie Kirk Show
5 hours agoThe Trump Transformation + Rescue the Republic + AMA | Del Cueto, Wax, Weinstein | 9.27.24
143K52 -
LIVE
Mally_Mouse
6 hours agoLet's Play!! -- Epic Mickey Rebrushed Cont.
354 watching -
1:39:57
The Body Language Guy
4 hours agoLIVE ANALYSIS: Trump and Zelenskyy, Eric Adams' indictment and MOAR
44.9K50 -
49:28
Ben Shapiro
5 hours agoEp. 2057 - The Not-So-Secret SOROS MACHINE
73K48 -
1:00:40
Russell Brand
7 hours ago“STRANGE THINGS WILL HAPPEN BEFORE THE ELECTION” Vivek Ramaswamy On Trump & Project 2025 - SF462
176K281 -
1:01:08
The Dan Bongino Show
8 hours agoAnother Serious Threat To Trump's Life? (Ep. 2338) - 09/27/2024
769K3.17K -
1:00:38
The Rubin Report
7 hours agoJoe Rogan Explains How Media's Plan Is Blowing Up in Their Faces to ‘All-In Podcast’ Host
112K69 -
2:13:55
Film Threat
7 hours agoTHE PENGUIN + MEGALOPOLIS + THE WILD ROBOT + MORE MOVIES!!!!! | Film Threat Livecast
42.2K2 -
2:28:05
Midnight's Edge
6 hours agoUbisoft's week of hell, Hollywood in shambles one year post strike! | MEiTM #619
34.8K