Elon Musk briefly loses title of world's richest person

Twitter owner Elon Musk.
(Image credit: Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)

The wealth of Twitter CEO Elon Musk played ping-pong on Wednesday, causing Forbes to report that he had briefly lost the title of the world's richest person.

While Musk had previously been securely on the top of the list, his recent controversies and $44 billion bet on Twitter have caused his net worth to fluctuate. As a result, Forbes reported that Musk was overtaken as the world's richest person on Wednesday morning by Bernard Arnault. The Frenchman is the owner of LVMH, a conglomerate known for luxury subsidiaries like Louis Vuitton, Givenchy, Hennessy, and Bulgari.

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Justin Klawans, The Week US

 Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other Hollywood news. Justin has also freelanced for outlets including Collider and United Press International.