The Daily Observer London Desk: Reporter- John Furner
Elon Musk has again lost his title of ‘world’s richest man’ just 48 hours after reclaiming the crown – dropping to second place after Tesla’s ‘failed’ Investor Day.
At the close of trading Wednesday, Musk’s net worth was down $1.91 billion on the day, to $184 billion. This places him below the $186 billion fortune of French luxury goods mogul Bernard Arnault, according to the Bloomberg Billionaires Index.
Musk, who spent much of 2022 at the top of the global wealth list, was surpassed by Arnault in December, but had regained the title on Monday as Tesla shares recovered from last year’s sell-off.
Tesla shares were down 1.7% at the end of Wednesday’s session, and dropped another 6% on Thursday morning after the company’s first Investor Day failed to impress investors.
The four-hour event revealed the company’s $10 trillion ‘Master Plan 3’ to eliminate fossil fuels, but was short on details about the timeline or any new Tesla products.
Investors and super-fans were expecting to see new prototype EVs take the stage at the event, but were instead shown a slide show with disguised future vehicles that would be revealed later.
Elon Musk has again lost his title of ‘world’s richest man’ just 48 hours after reclaiming the crown
French luxury goods mogul Bernard Arnault, the founder and chairman of Louis Vuitton maker LVMH, is once again ranked as the world’s richest person
