Bernard Arnault Becomes The Richest Man In The World

Bernard Arnault, Chairman and CEO of Moet Hennessy Louis Vuitton (LVMH), has recently become the world’s wealthiest individual, surpassing Elon Musk, according to Forbes. The net worth of the French billionaire and his family has reached $207.6 billion, following a notable increase of $23.6 billion.

Bernard Arnault surpassed Elon Musk

On Friday, Mr. Arnault’s net worth exceeded that of Tesla CEO Elon Musk, whose net worth decreased by 13 percent, resulting in a loss of more than $18 billion, as reported. The ongoing wealth competition between these two billionaires has been ongoing since 2022, with Mr. Arnault reportedly claiming the top position later in that year.

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The report revealed that the market cap of LVMH—the entity behind luxury goods brands like Dior, Bulgari, and Sephora—reached $388.8 billion, compared to Tesla’s $586.14 billion.

The top 10 richest people in the world are

Bernard Arnault & Family ($207.6 billion)

Elon Musk ($204.7 billion)

Jeff Bezos ($181.3 billion)

Larry Ellison ($142.2 billion)

Mark Zuckerberg (139.1 billion)

Warren Buffett ($127.2 billion)

Larry Page ($127.1 billion)

Bill Gates ($122.9 billion)

Sergey Brin ($121.7 billion)

Steve Ballmer (118.8 billion)

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Contrary to the Forbes rankings, the Bloomberg Billionaires Index asserts that Elon Musk maintains his position as the world’s wealthiest individual, boasting a net worth of $199 billion. Following Musk on the list is Jeff Bezos, the founder of the e-commerce giant Amazon, with a wealth of $184 billion.

In the Bloomberg Billionaires Index, Bernard Arnault is positioned in the third spot, with a reported net worth of $183 billion. This index presents a different perspective on the rankings of the world’s richest individuals compared to Forbes.

In April of last year, Bernard Arnault witnessed his fortune surpassing $200 billion as the company’s shares reached a record high. Mr. Arnault accomplished this milestone, becoming the third person to do so, following the achievements of Elon Musk and Jeff Bezos.