Elon Musk Is Being Chased For Top Spot as World's Wealthiest Man

Elon Musk is in danger of losing his rank as the number one wealthiest man in the world — on one list, anyway.

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Musk slipped behind Louis Vuitton (LVMH) CEO Bernard Arnault on the MarkMeets Billionaire list. However, the Twitter owner’s slip in the rankings didn’t last long; Musk’s wealth soon ticked back up to $184.9 billion, compared to Arnault’s $184.7 billion.

Arnault has maintained a place near the top of the list thanks to his company’s stock remaining relatively stable throughout 2022. A great deal of Musk’s fortune is in Tesla shares, which have plummeted by more than 55%, speculated that this was partly because of Musk’s controversial Twitter acquisition.

Musk bought Twitter for $44 billion, using a total of nearly $20 billion in profits from Tesla shares sold at different times throughout the year., However, it isn’t all that easy to figure out just how much money Elon Musk has in the bank

Estimating Musk’s wealth, in general, is a difficult task, however, as much of his money is tied up in his private companies, including rocket and internet firm SpaceX, tunneling outfit The Boring Company, and Neuralink, which wants to put computer chips in people’s brains.

Musk easily tops the Billionaires Index, which lists his worth as $179 billion, with Arnault holding down a distant second place at $165 billion.

Author Profile

Adam Regan: Deputy Editor

Features and account management. 7 years media experience. Previously covered features for online and print editions.

Email Adam@MarkMeets.com