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Fortune

Chloe Taylor

48 hours after he was crowned the world's richest person, Elon Musk loses top spot—again

Elon Musk Bernard Arnault LVMH Tesla Inc. Twitter Inc.

(Credit: Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)

Elon Musk is no longer the world’s richest person after being overtaken—again—by French billionaire Bernard Arnault.

On Tuesday, Fortune reported that Arnault—founder of luxury goods conglomerate LVMH—had been overtaken in the ranking by Musk, whose net worth was boosted as Tesla shares enjoyed a major rally.

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