Elon Musk has been dethroned as the world’s richest man, according to a new report published by Bloomberg. According to the news outlet, Musk, who previously had a net worth of approximately $340 billion, has been displaced by Louis Vuitton Moët Hennessy (LVMH) CEO Bernard Arnault. Per Bloomberg’s Billionaire Index, “Musk, 51, has seen his fortune tumble by more than $100 billion since January to $168.5 billion.” The news outlet also added, “As of 10:20 a.m. in New York, that’s less than the $172.9 billion net worth of Arnault, 73, whose wealth largely derives from his 48% ownership of fashion…