Elon Musk loses title as world’s richest person to LVMH patriarch Bernard Arnault, paying the price for January rout in Tesla stock

Elon Musk loses title as world’s richest person to LVMH patriarch Bernard Arnault, paying the price for January rout in Tesla stock

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Elon Musk has lost bragging rights as the world’s wealthiest tycoon to Bernard Arnault, the French patriarch behind luxury goods giant LVMH, following a disastrous January during which Tesla shed a staggering $200 billion in market value. The drop reflects a litany of setbacks the EV maker…

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