Image Credit -Google

Elon Musk loses title of world’s richest person to Bernard Arnault

By- Avnish kushwaha

Image Credit -Google

Elon Musk has lost his crown as the world’s richest person, after further falls in the value of shares in his electric car company Tesla

By- Avnish kushwaha

Image Credit -Google

Musk had lost the top spot to France’s Bernard Arnault, the chief executive of the luxury group LVMH

By- Avnish kushwaha

Image Credit -Google

South Africa-born Musk, who recently took ownership of Twitter, is the chief executive of Tesla and its largest shareholder

By- Avnish kushwaha

Image Credit -Google

The electric car company has lost more than half of its market value since Musk first made a bid for Twitter in April

By- Avnish kushwaha

Image Credit -Google

Fresh falls in the car company’s share price at the start of the week wiped about $7bn off Musk’s fortune, according to Forbes

By- Avnish kushwaha

Image Credit -Google

Arnault had briefly overtaken Musk a week ago as a result of share movements, before the Tesla chief retook the top spot

By- Avnish kushwaha

Image Credit -Google

Tesla’s market value has come under pressure partly as a result of disappointing quarterly results, and concern about disruption at one of its factories in Shanghai.

By- Avnish kushwaha

Image Credit -Google

Investors have expressed worry that Musk may be distracted by his other ventures, including the rocket company SpaceX and running Twitter

By- Avnish kushwaha

Image Credit -Google

Comedian Dave Chappelle introduced Musk with the line: “Ladies and gentlemen, make some noise for the richest man in the world.”

By- Avnish Kushwaha