The billionaire businessman is no longer the world's richest person. He's been usurped by a person you've never heard of. 9News
READ MORE:According to the Bloomberg Billionaires Index the 51-year-old is estimated to have lost about $US100 billion since January.
That's allowed Arnault, chief executive of luxury brand Louis Vuitton's parent company LVMH, to emerge triumphant.READ MORE:Arnault's luxury brands cater to the affluent, and include Christian Dior, Fendi, Bulgari and Tiffany, as well as champagne house Moet & Chandon. Musk's unseating comes days after a controversial tweet in which he called for the prosecution of top US health official Anthony Fauci, went viral.
His call has sparked condemnation around the world with the White House and former Deputy Chief Medical Officer Nick Coatsworth both condemning the tweet.According to a forecast by market research agency Insider Intelligence more than 30 million users are expected to leave Twitter over the next two years.
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