16:27 - 14.12.2022

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December 14, Fineko/abc.az. Elon Musk lost the 1st place in the Real Time Billionaires ranking compiled by Forbes magazine to Louis Vuitton President Moet Hennessy (LVMH) Bernard Arnault and his family.

ABC.AZ reports that Musk's fortune is estimated at $176.8 bn, and Arnaud and his family - at $188.6 bn.

According to Forbes, during the day, Elon Musk's fortune decreased by $4.5 bn (-2.49%), while Bernard Arnault "got rich" by $2.7 bn (+1.44%).

At that, in the Bloomberg billionaires index, Elon Musk, with fortune of $168 bn, still occupies the 1st place, and Bernard Arnault - the 2nd with $167 bn.

The last time Elon Musk dropped from the first line of the Forbes rating on 7 December, however, only for half an hour.

Last week, LVMH underwent personnel reshuffle. Amid the transformation of Agache SE (a holding company owning shares of the Christian Dior brand and controlled by Bernard Arnault) into a limited liability company, Antoine Arnault, the son of the president of LVMH, was appointed CEO of Christian Dior SE.