Elon Musk is no longer the richest person in the world
In this article MC-FR TWTR TSLA Follow your favorite stocks CREATE FREE ACCOUNT SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, June 13, 2019. Mike Blake | Reuters Tesla CEO Elon Musk is no longer the richest person in the world . He ceded that title to LVMH chairman and CEO Bernard Arnault at the close on Monday, according to Forbes. Tesla shares closed down about 6.3% for the day , and have more than halved in value this year partially due to a sell-off that accelerated in the wake of Musk's $44 billion Twitter acquisition. Musk's wealth, mostly tied to Tesla stock, was propelled by a meteoric rise in the carmaker's share price, which rocketed more than 1,000% in two years. Arnault, through holding vehicles and family trusts, owns a little over 60% of LVMH's voting share class, according to SEC filings. Arnault is worth $186.2 bill...