Musk Loses World’s Richest Title to Arnault With Tesla Unwinding

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Musk Loses World’s Richest Title to Arnault With Tesla Unwinding

Bloomberg2022-12-14

The Tesla CEO’s wealth has been cut in half from its $340 billion peak partly due to his Twitter purchase.Elon MuskPhotographer: Win McNamee/Getty ImagesElon Musk, once worth as much as $340 billion, ...

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MIe
·2022-12-14
Musk will return with resilience n good biz model with fed rate pace down n q1 earnings
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stitchie
·2022-12-14
He should focus on tesla
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- Beli:
  That’s true! Dun stir trouble!
  2022-12-14
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V K
·2022-12-14
Pls like tyvm[Happy]
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Moonshot
·2022-12-14
Lose to Arnault? Why am I not surprised? Arnault could sell you something that you don't need but yet you are willing to spend a lot of money for it. An Engineer vs a Marketer? You know who will win in the end. [Sly] a clue, look into Apple.
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Bazhang
·2022-12-14
Ok
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Huatttah
·2022-12-14
Ok
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- Huatttah:
  Great
  2022-12-14
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katang_sunse
·2022-12-14
luxury brand stronghold
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yyhwin
·2022-12-14
hi
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- Bazhang:
  Ok
  2022-12-14
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UTOtrader
·2022-12-14
Price down n down
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- ChrisLiew:
  [Put]
  2022-12-14
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DarkFate
·2022-12-14
Like
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- Baoxiaolong:
  go
  2022-12-14
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- sk27:
  liked
  2022-12-14
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boonhong21
·2022-12-14
Ok
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- Shininglight:
  ok
  2022-12-14
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- Miguho:
  Liked
  2022-12-14
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AJAJ
·2022-12-14
[Gosh] [Gosh]
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ericbqlee
·2022-12-14
🙂
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- WinZ:
  [Smile]
  2022-12-14
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Sephiro
·2022-12-14
Ok
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- AJAJ:
  K
  2022-12-14
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AlanChong
·2022-12-14
Ok
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runningjames
·2022-12-14
This is a dead end deal to buy Twitters! More bad news towards Tesla in coming days. God bless!
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Thonyaunn
·2022-12-14
Gd
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Cedric77
·2022-12-14
This is the only Billionaire that still work and sleep in his office after he purchased a coy. Name me one that does that? Answer- Nil. So NEVER write him off. He makes thing works. Elon Musk explains the real reasons of him buying Twitter! Adapted from Gadget now : A few hours after posting a video showing him strolling into Twitter headquarters with a ‘sink’ and changing his Twitter bio, billionaire Elon Musk has tweeted a message addressing ‘Twitter Advertisers’ that he is acquiring the microblogging platform because he wants “to help humanity.” The SpaceX and Tesla chief also says that he wants to give future civilisation “a common digital town square” for healthy debate and right advertising. Refuted the idea of buying Twitter “to make more money” Musk said, “The reason I acquired Twi
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- JC888:
  If u have been tracking him u would've K own that alot of things he mentioned are Unsubstantiated. Pure lies.
  He is worse than Trump in this dept.
  Its funny that western media talks about Sweat shops in China Xinjiang.
  Yest when there's one right in their backyard (TWTR meetg room converted to bedroom) - Radio Silence. Really.
  Hope everyone makes use of the gift of critical thinking bestow upon each of us properly no?
  Take a moment n think again ok!!!
  2022-12-14
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- powerbert:
  Elon musk is a very smart man.
  2022-12-14
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- 刻在你心底的名字:
  Oka y
  2022-12-14
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CEO’s wealth has been cut in half from its $340 billion peak partly due to his Twitter purchase.Elon MuskPhotographer: Win McNamee/Getty ImagesElon Musk, once worth as much as $340 billion, has been displaced as the world’s richest person by Bernard Arnault.Musk, 51, has seen his fortune tumble by more than $100 billion since January to $163.6 billion, according to the Bloomberg Billionaires Index. That’s less than the $170.8 billion net worth of Arnault, 73, whose wealth largely derives from his 48% ownership of fashion giant LVMH.Musk’s fall from atop the rankings — the first time that’s happened since he was No. 2 in September 2021 — caps a tumultuous year for the frenetic billionaire. He shocked the world in April with his offer to take Twitter private for $44 billion, in a brazen display of how the wealthiest individuals could wield their massive fortunes.Elon MuskPhotographer: Liesa Johannssen-Koppitz/BloombergBut his agreement coincided with the Federal Reserve and other central banks embarking on their most aggressive round of monetary tightening in a generation, slashing the valuations of high-flying companies like Musk’s Tesla Inc. The electric carmaker’s stock is down more than 50% this year.Tesla fell 4.1% on Tuesday to $160.95, the lowest closing price since November 2020.Musk tried for months to get out of the Twitter deal, but failed. He offloaded more than $15 billion in Tesla shares — about $8.5 billion in April, then another $6.9 billion in August — to raise enough cash to fund the purchase.Once he finalized the Twitter acquisition in October, the Bloomberg wealth index knocked $10 billion from his fortune, reflecting that shares of similar businesses have slumped since he made his bid.Musk has pledged to turn around the social-media platform, but he faces several challenges — some of his own making. He blasted Apple Inc. and threatened to withhold Twitter from its App Store at a time when other companies were already pulling their advertising from the site.Meanwhile, Twitter is poised to face annual interest costs that exceed a measure of its earnings for all of 2021. Musk’s bankers are considering providing him with new margin loans backed by Tesla stock to replace some of the high-interest debt he layered on Twitter, Bloomberg News reported.As Tesla’s stock price slides, Musk’s stake in Space Exploration Technologies Corp. has become an increasingly important part of his fortune. It’s worth $47 billion, based on the June funding round that valued the private company at about $125 billion.SpaceX is offering to sell insider shares at a price that would raise the closely held company’s valuation to about $140 billion, Bloomberg News reported this week, citing people familiar with the matter. That higher value could lift his net worth, but it’s not yet being used by Bloomberg’s wealth index because it’s unclear whether any shares have traded so far and the size of the transactions.Bernard ArnaultPhotographer: Nathan Laine/BloombergArnault, the new richest person in the world, is drama-free in comparison to Musk.Arnault has long been a mainstay near the top of the wealth rankings, but his fortune never grew at the exponential pace of US tech billionaires. Now his empire is holding up while Mark Zuckerberg, Jeff Bezos and Alphabet Inc.’s Larry Page and Sergey Brin see their wealth hammered by rising interest rates.Paris-based LVMH Moet Hennessy Louis Vuitton’s designer apparel, fine wines and retail business have benefited from pent-up demand unleashed when Covid-related shopping and travel restrictions were lifted in most countries. Arnault’s brands cater to the affluent — from Christian Dior and Fendi to jewelers Bulgari and Tiffany & Co., and champagne house Moet & Chandon.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[{"id":9921162610,"gmtCreate":1670999656530,"gmtModify":1676538473940,"author":{"id":"3577182936341023","authorId":"3577182936341023","name":"MIe","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":5,"crmLevelSwitch":0},"htmlText":"Musk will return&nbsp;with resilience n good biz model with fed rate pace down n q1 earnings&nbsp;","listText":"Musk will return&nbsp;with resilience n good biz model with fed rate pace down n q1 earnings&nbsp;","text":"Musk will return with resilience n good biz model with fed rate pace down n q1 earnings","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921162610","repostId":2291471471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9921180694,"gmtCreate":1670994932718,"gmtModify":1676538473204,"author":{"id":"4090125709811800","authorId":"4090125709811800","name":"stitchie","avatar":"https://static.tigerbbs.com/3eefe3218a65c82fe56168fd9ba0fb7d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":3,"crmLevelSwitch":1},"htmlText":"He should focus on tesla","listText":"He should focus on tesla","text":"He should focus on tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9921180694","repostId":2291471471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":105198603,"gmtCreate":1670995213168,"gmtModify":1670995227087,"authorId":4092138473478360,"author":{"id":4092138473478360,"authorId":4092138473478360,"name":"Beli","avatar":"https://static.tigerbbs.com/12287da3d64d63968897c06e82fb422b","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9921180694,"type":1,"supId":0,"prevId":0,"content":"That’s true! Dun stir trouble! ","text":"That’s true! Dun stir trouble! ","html":"That’s true! Dun stir trouble! "}],"langContent":"EN"},{"id":9921112445,"gmtCreate":1670994187388,"gmtModify":1676538473080,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"V K","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Pls like tyvm[Happy]&nbsp;","listText":"Pls like tyvm[Happy]&nbsp;","text":"Pls like tyvm[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921112445","repostId":2291471471,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9921135430,"gmtCreate":1670992040621,"gmtModify":1676538472808,"author":{"id":"4087182159149440","authorId":"4087182159149440","name":"Moonshot","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Lose to Arnault? Why am I not surprised? Arnault could&nbsp;sell you something that you don't need but yet you are willing to spend&nbsp;a lot of money for it. An Engineer vs a Marketer? You know who will win in the end.&nbsp;[Sly]&nbsp;a clue, look into Apple.","listText":"Lose to Arnault? Why am I not surprised? Arnault could&nbsp;sell you something that you don't need but yet you are willing to spend&nbsp;a lot of money for it. An Engineer vs a Marketer? You know who will win in the end.&nbsp;[Sly]&nbsp;a clue, look into Apple.","text":"Lose to Arnault? Why am I not surprised? Arnault could sell you something that you don't need but yet you are willing to spend a lot of money for it. An Engineer vs a Marketer? You know who will win in the end. [Sly] a clue, look into 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Pure lies. \nHe is worse than Trump in this dept. \nIts funny that western media talks about Sweat shops in China Xinjiang. \nYest when there's one right in their backyard (TWTR meetg room converted to bedroom) - Radio Silence. Really. \nHope everyone makes use of the gift of critical thinking bestow upon each of us properly no? \nTake a moment n think again ok!!!","text":"If u have been tracking him u would've K own that alot of things he mentioned are Unsubstantiated. Pure lies. \nHe is worse than Trump in this dept. \nIts funny that western media talks about Sweat shops in China Xinjiang. \nYest when there's one right in their backyard (TWTR meetg room converted to bedroom) - Radio Silence. Really. \nHope everyone makes use of the gift of critical thinking bestow upon each of us properly no? \nTake a moment n think again ok!!!","html":"If u have been tracking him u would've K own that alot of things he mentioned are Unsubstantiated. Pure lies. \nHe is worse than Trump in this dept. \nIts funny that western media talks about Sweat shops in China Xinjiang. \nYest when there's one right in their backyard (TWTR meetg room converted to bedroom) - Radio Silence. Really. \nHope everyone makes use of the gift of critical thinking bestow upon each of us properly no? \nTake a moment n think again ok!!!"},{"id":105194989,"gmtCreate":1670982659489,"gmtModify":1670982673098,"authorId":4093059271761650,"author":{"id":4093059271761650,"authorId":4093059271761650,"name":"powerbert","avatar":"https://static.tigerbbs.com/58b4a4434d2d9949729ba54620260514","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.05.11","exceedPercentage":"80.80%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9921301317,"type":1,"supId":0,"prevId":0,"content":"Elon musk is a very smart man.","text":"Elon musk is a very smart man.","html":"Elon musk is a very smart man."},{"id":105194979,"gmtCreate":1670982645918,"gmtModify":1670982655645,"authorId":3582432838333258,"author":{"id":3582432838333258,"authorId":3582432838333258,"name":"刻在你心底的名字","avatar":"https://static.tigerbbs.com/3b896b10dcc0ddde99de1c86d0e60bd9","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"93.31%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9921301317,"type":1,"supId":0,"prevId":0,"content":"Oka y","text":"Oka y","html":"Oka y"},{"id":105194974,"gmtCreate":1670982631299,"gmtModify":1670982641244,"authorId":4091959880433340,"author":{"id":4091959880433340,"authorId":4091959880433340,"name":"Cheahkim","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9921301317,"type":1,"supId":0,"prevId":0,"content":"好的","text":"好的","html":"好的"},{"id":105194972,"gmtCreate":1670982627708,"gmtModify":1670982641207,"authorId":3566982670449095,"author":{"id":3566982670449095,"authorId":3566982670449095,"name":"wywy","avatar":"https://static.tigerbbs.com/76ed86374fc7b16c12094c45ea30787c","vip":2,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.26%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9921301317,"type":1,"supId":0,"prevId":0,"content":"[Miser]","text":"[Miser]","html":"[Miser]"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":486,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}