Elon Musk Sells $3.6bn of Tesla Shares

Multi-billionaire Elon Musk is no longer the richest person in the world after he sold another 22 million shares, worth $3.6bn in his electric car maker Tesla.

This brings the total of Tesla shares Musk has now sold to almost $40bn.

According to financial market data provider Refinitiv, he remains the biggest shareholder in the company with a 13.4% stake.

Bernard Arnault, CEO of luxury goods group LVMH, has now overtaken Elon Musk as the richest person in the world. His net worth sits at $191bn, whilst Musk’s has dropped down to $174bn, according to Forbes.

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