<div><span style="font-size: 1rem;">Elon Musk is no longer the world's richest man after a sharp drop in the value of his shares in electric car company Tesla this year.</span><br></div><div><br></div><div>According to both Forbes and Bloomberg, Mr Musk has been overtaken at the top spot by Bernard Arnault, the chief executive of luxury goods group LVMH.</div><div><br></div><div>Mr Musk is chief executive and the largest shareholder in Tesla, with a reported stake of about 14%.</div><div><br></div><div>He completed a $44bn takeover of social network Twitter in October.</div><div><br></div><div>According to Forbes, Mr Musk is now worth about $178bn (£152bn).</div><div><br></div><div>Meanwhile, Bernard Arnault has a value of $188bn. According to BBC reports</div><div><br></div><div>bnbd24/fas</div>