The well-known entrepreneur Elon Musk, who appears among the richest people in the world, briefly took first place in the list of the richest people.

Elon Musk, the owner of Tesla and Twitter, lost the title of “richest man in the world”, which he took over a long time later, after just 48 hours. After the turmoil in the US markets, Elon Musk’s fortune decreased, and 73-year-old Bernard Arnault became the richest man in the world again.

However, Elon Musk’s net worth has decreased by almost $2 billion in just one day. The reason for this is the drop in Tesla shares on Wednesday. Most of the billionaire businessman’s fortune comes from his stakes in the electric car company Tesla.

It has been revealed that Elon Musk is currently worth $184 billion, and with that wealth, he is the second richest person in the world. Bernard Arnault, CEO of luxury clothing company LVMH, has a net worth of $186 billion.

On the other hand, electric car giant Tesla’s shares are up about 70 percent this year, boosting Musk’s fortune. Tesla shares rose almost 100% after an intraday low on Jan. 6 as investors opted for risky stocks amid signs of economic recovery and slowing interest rates. In addition, demand increased after the application of discounts on some Tesla car models. This resulted in an increase in the company’s revenue.

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