Elon Musk briefly loses title as world's richest

STORY: Date: December 7, 2022

Elon Musk was no longer the richest person on Earth - for a moment

Source: Forbes

His net worth is about $186 billion, and he's held Forbes' top spot since 2021

It wasn't Amazon's Jeff Bezos that overtook him Wednesday morning

Musk briefly lost the title to Bernard Arnault

the head of Louis Vuitton's parent company LVMH

It comes after a drop in the value of Musk’s stake in Tesla

and a $44 billion bet on Twitter

Since his bid for Twitter, Tesla shares have fallen more than 47%

So Musk’s net worth fell below $200 billion in early November

Arnault's fortune is about the same, so they may continue to trade places