Elon Musk Falls Off #1 Spot On Forbes Annual Billionaire List, Kanye West Disappears From List

Elon Musk's move on the list comes after he purchased Twitter for $44 billion, which made his net worth drop $39 billion.

Transcript

00:00Moving on to Elon Musk, who has been dropped down to the number two spot on the Forbes 37th

00:05annual billionaires list. The Tesla CEO dropped from the number one spot last year after he

00:10purchased Twitter for a whopping $44 billion. Elon was replaced by Bernard Arnault, the chairman of

00:17French luxury goods giant LBMH, whose net worth is $211 billion, compared to Elon's $180 billion.

00:24Interestingly, Kanye was removed from the list fully this year, which was the result of many

00:28sponsors cutting ties with him after his public anti-Semitic comments.