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Elon Musk, who was the world’s No. 1 richest man, has now been relegated to second place. Based on the information released recently by Forbes, the Bernard Arnault family has taken the first place, pushing Elon Musk, who was the world’s No. 1 richest person, to the second place.
Elon Musk’s net worth has plummeted because he paid a hefty price to buy social media giant Twitter. It has sold its electric car stocks to raise a $44 billion valuation for Twitter.