Elon Musk Briefly Loses Title as World’s Richest Person to LVMH's Arnault  

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)
TT
20

Elon Musk Briefly Loses Title as World’s Richest Person to LVMH's Arnault  

Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)
Elon Musk arrives at the In America: An Anthology of Fashion themed Met Gala at the Metropolitan Museum of Art in New York City, New York, US, May 2, 2022. (Reuters)

Twitter owner and Tesla boss Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. 

Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH, and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes. 

Musk, who has held the top spot on the Forbes list since September 2021, has a net worth of $185.7 billion. Musk took over the title from Amazon.com founder Jeff Bezos. 

Tesla shares, which have lost more than 47% in value since Musk made his offer to buy Twitter earlier this year, were down 2.7%. 

Musk's net worth dropped below $200 billion earlier on Nov. 8 as investors dumped Tesla's shares on worries the top executive and largest shareholder of the world's most valuable electric-vehicle maker is more preoccupied with Twitter. 

Tesla has lost nearly half its market value and Musk's net worth has dropped by about $70 billion since he bid for Twitter in April. Musk closed the deal for Twitter in October with $13 billion in loans and a $33.5 billion equity commitment. 

Besides Tesla, Musk also heads rocket company SpaceX and Neuralink, a startup that is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers. 



70 South African White Rhinos Relocated to Rwanda

 White rhinos have been the targets of a poaching epidemic that has largely wiped them out. (AFP)
White rhinos have been the targets of a poaching epidemic that has largely wiped them out. (AFP)
TT
20

70 South African White Rhinos Relocated to Rwanda

 White rhinos have been the targets of a poaching epidemic that has largely wiped them out. (AFP)
White rhinos have been the targets of a poaching epidemic that has largely wiped them out. (AFP)

Rwanda said on Tuesday that 70 white rhinos had been successfully relocated to the Great Lakes nation after a two-day journey of some 3,000 kilometers (over 1,800 miles) from South Africa.

It was the largest ever relocation of rhinos, which can weigh up to two tons, Rwandan officials said.

Once abundant across sub-Saharan Africa, rhino numbers have dramatically fallen due to hunting by European colonizers and large-scale poaching.

The animals were transported in two loads of 35 -- first aboard a Boeing 747, then by road -- from South Africa's Munywana Conservancy to Akagera National Park in Rwanda, or about 3,000 kilometers as the crow flies, according to the Rwanda Development Board (RDB).

A "dedicated veterinary team will closely monitor their health and behavior for several weeks to ensure proper adaptation to their new environment and management of any stress associated with the move", it said in a statement.

The move was part of African Parks' Rhino Rewild Initiative, supported by The Howard G. Buffett Foundation, and aims to support population growth and secure a new breeding stronghold in Rwanda.

According to the International Rhino Foundation (IRF), rhino poaching in Africa rose by four percent from 2022 to 2023, with at least 586 rhinos poached in 2023.

The southern white rhino, one of two subspecies, is now listed as "near threatened", with roughly 17,000 individuals remaining, according to the International Union for Conservation of Nature (IUCN).

The northern white rhino has all but vanished, with only two females left alive.