It was not too far from year 2022 that Musk’s wealth reached $300 Billion which was attributed to the rise in production of Tesla’s cars during the covid pandemic, his net worth has steadily declined as the Covid lock down was lifted especially in America mid-2021.
Elon’s wealth heavily declined with his latest purchase of Twitter for $46 Billion and also sold some his shares which might have been used to complete his purchase of the micro-blogging site.
The new title owner of the richest man is fashion media mogul Bernard Arnault owner of the luxury brand Louis Vuitton, he is now on an estimated $185 Billion which makes Musk the second richest man in the world.
Musk has been building factories in other countries and shareholders of Tesla are worried that the former richest man is currently so involved in Twitter and might not be having the needed time that Tesla actually needs.
Musk recently displayed the latest Tesla’s Semi-Trucks which are electric showcased the advancement the company had made and when it will be available for commercial