Identity of Man Who Displaced Elon Musk To Become World Richest Man Revealed

Musk, who has held the top spot on the Forbes list of the world's richest since September 2021, now has a net worth of $185.3 billion.

Elon Musk has lost his world's richest person title after selling Tesla stocks to fund the $44 billion purchase of Twitter.

Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family took the 'world richest' title with a personal wealth of $185.4 billion, according to Forbes.

Musk, who has held the top spot on the Forbes list for world's richest since September 2021, now has a net worth of $185.3 billion.

Tesla's shares fell about 4 percent in morning trading on Wednesday, Dec. 7.