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Elon Musk Loses His “World Richest Man” Tag

Author: Qadir AK

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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Elon Musk, the owner of Twitter and CEO of Tesla briefly lost the title of the richest man in the world on Wednesday, according to Forbes, due to a sharp decline in the value of his share in Tesla and a $44 billion bet on the social media company. 

Musk briefly lost 1.6 trillion of his wealth. He was overtaken by a french billionaire, Bernard Arnault, whose family owns the world’s leading luxury group. 

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