Elon Musk briefly lost the title of world's richest person to Louis Vuitton CEO.

 On Wednesday, Musk lost his title as the world's richest person to Bernard Arnault, the CEO of Louis Vuitton's parent company, and his family, according to Forbes. The drop in the value of his stake in the electric-car maker was one of the reasons for this. The family of Bernard Arnault, the chief executive of Louis Vuitton's parent company, replaced Musk with a personal wealth of $185.

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 According to Forbes, there was 4 billion, but they got back to the second spot. Musk, who has held the top spot on the Forbes list since September 2021, has a net worth of $185. 7 billion. Amazon's title was taken over by Musk. The net worth of Jeff Bezos, the founder of com, dropped below $200 billion. The top executive and largest shareholder of the world's most valuable electric-vehicle maker is more focused on social media than on the company.

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 Musk's net worth has dropped by about $70 billion since he bid for Twitter, and his company has lost half its market value. In October, Musk closed the deal for Twitter with $13 billion in loans. Equity commitment is 5 billion. 

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