He is the owner of the LVMH group, which owns some 70 companies, including Dom Perignon (wines), Louis Vuitton and Fenty Beauty by Rihanna.
Since then he has been Chairman and CEO of the company. “He returned the group to profitability as he embarked upon a strategy of developing the world’s leading luxury products company. Forbes Magazine releases an annual list of the world’s richest people, as it did in April this year, where Indian industrialists like Lakshmi Mittal, Kumar Birla and Shiv Nadar featured. Then in 1984, he undertook the reorganisation of the Financière Agache holding company. With a net worth of $185.4 billion, Musk is now again followed in the Forbes list by Arnault at $184.7 billion. The number three position is currently held by Indian businessman Gautam Adani, with a net worth of $135.4 billion.
Elon Musk has seen a dramatic drop of his wealth due to Twitter saga and drastic drop in Tesla's shares price. It has pushed it's overall net worth down to ...
Elon Musk on Wednesday briefly lost his position as the richest person in the world to Chief Executive Officer of LVMH, Bernard Arnault, whose family owns ...
On September 27, 2021, Musk overtook Amazon’s Jeff Bezos to become the world’s richest person for the first time. According to Forbes, at 3:30 pm ET on Wednesday Arnault overtook Musk to become the world’s richest person with an estimated $184.7 billion but when US markets closed at 4pm ET Musk was back on top with $185.4 billion Elon Musk on Wednesday briefly lost his position as the richest person in the world to Chief Executive Officer of LVMH, Bernard Arnault, whose family owns luxury brand Louis Vuitton.
On Thursday, Musk dropped to the second spot on Forbes' list of “Real-Time Billionaires,” putting the Twitter and Tesla CEO behind Bernard Arnault, CEO of ...
On Bloomberg’s Billionaires Index, Musk is solidly in first place with a net worth of $171 billion. Arnault sits in second with a $166 billion net worth. Musk had sold blocks of Tesla shares worth a total of $15.4 billion earlier this year when his deal to buy Twitter was announced. [Forbes’ list of “Real-Time Billionaires,”](https://www.forbes.com/real-time-billionaires/#22b1dd5c3d78) putting the Twitter and Tesla CEO behind Bernard Arnault, CEO of French luxury brand LVMH, maker of Louis Vuitton luxury goods and Hennessy cognac. Musk’s [ strategy ](https://www.cnn.com/videos/business/2022/11/16/wedbush-elon-musk-affects-tesla-stock-markets-now-ht.cnn-business)of cavorting with right-wing influencers on Twitter may also be impacting Tesla shares as well. [about $4 billion](https://www.cnn.com/2022/11/08/business/elon-musk-tesla-stock-sale-twitter-purchase/index.html) of Tesla stock to fund his [$44 billion purchase of Twitter,](https://www.cnn.com/2022/11/08/business/elon-musk-tesla-stock-sale-twitter-purchase/index.html) which is embroiled with issues including layoffs and skittish advertisers wary of the platform’s direction.
Tesla, SpaceEx and Twitter boss Elon Musk briefly lost the top spot as the world's richest man to Bernard Arnault, Chairman, Co-founder and Chief Executive of ...
Born among the French elite in 1949, Arnault began his career as an engineer working for his father’s construction company. He went on to acquire and merge several companies Elon Musk has a net worth of $185.7 bn.
That sent Tesla stock down, enough to drop Musk below Bernard Arnault of French luxury conglomerate LVMH on Forbes' ranking of the world's wealthiest people for ...
With tech stocks having crashed since Mid-April, the company is likely now worth far less than the $44 billion Musk agreed to pay. But Musk may have renewed interest in a margin loan if the estimated $1 billion of annual interest expense on the $13 billion of debt used to finance the acquisition proves too much for an already struggling Twitter to cover. Musk’s initial financing for the takeover included a $6.3 billion personal margin loan, in addition to the $13 billion of debt he ultimately saddled Twitter with, keeping it off his own personal balance sheet. He has already sold $19.3 billion (pre-tax) worth of the company’s stock from mid-April to early November, presumably to help finance the acquisition. Arnault was worth an estimated $185.1 billion as of 9:30 a.m ET Thursday, with Musk trailing him by $1 billion, worth an estimated $184.1 billion. That sent Tesla stock down, enough to drop Musk below Bernard Arnault of French luxury conglomerate LVMH on Forbes’ ranking of the world’s wealthiest people for the third time in two days.
After a pummeling for Tesla stock, Elon Musk and LVMH CEO Bernard Arnault are neck and neck in terms of wealth. The race is getting closer Thursday.
](https://www.barrons.com/market-data/stocks/tsla) He might not be king of the mountain for much longer. [Elon Musk](https://www.barrons.com/articles/elon-musk-risking-billions-twitter-legacy-51667501976?mod=article_inline) has held the title of [world’s richest human](https://www.barrons.com/articles/elon-musk-worlds-rich-human-how-build-wealth-51649786225?mod=article_inline) for more than a year.
Twitter owner Elon Musk briefly lost his position as the world's richest man to Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent ...
In January, 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Musk's net worth currently eclipses Amazon founder Jeff Bezos and Microsoft co-founder Bill Gates. Musk's wealth has fallen $100.5 billion so far in 2022, as per Bloomberg Billionaires Index.