Bernard Arnault

According to CNN, the two had been trading places on the outlet's daily Real-Time Billionaires list over the past few months.

Jeff Bezos overtook him in 2018 to be the world's richest person. In 2022, he was the eighth richest on the list. His company, Berkshire Hathaway, recently moved to buy up more shares of energy company Occidental Petroleum. In 1999, at the height of the dot com boom, they were bought for $307m by Compaq Computers. Bezos' $114 billion net worth represented a 1-spot drop, according to Forbes. It also completely owns GEICO, Duracell, and Dairy Queen, among several other companies. His boost in rankings was aided by Oracle rise 10% year-over-year in stock price, according to the outlet. LVMH backed away as the COVID-19 pandemic hammered luxury goods sales, but ultimately renegotiated a discounted purchase price. Musk took home $21m - he was 27. citizens joined the billionaire ranks for the first time this year, including LeBron James and Jimmy Buffett. Despite nearly 50 Americans, including Kanye West and Sam Bankman-Fried, dropping from the ranks and some dying, more than 60 U.S. followed a bitter legal dispute.

Bernard Arnault, the chairman of French luxury goods company LVMH, has surpassed Elon Musk to become the world's richest person, according to Forbes' ...

Forbes claims that Musk's wealth loss is only surpassed by that of Jeff Bezos, the third-richest person in the world with a net worth of $114 billion. Following the announcement of his $44 billion acquisition of Twitter in April 2022, shares of his electric car company Tesla dropped by close to 50 per cent, in part as a result of investor worries about Musk taking on yet another CEO position and worries about the $23 billion of Tesla stock he sold to help finance the deal. . Arnault outperformed every other billionaire on the planet last year, increasing his wealth by $53 billion as a result of an 18 per cent increase in the LVMH stock.

Americans like Elon Musk, Bill Gates dominated the top of the billionaires ranks.

In the latest list this year, Mukesh Ambani is ranked higher than Steve Ballmer of Microsoft, Larry Page and Sergey Brin of Google, Mark Zuckerberg of Facebook and Michael Dell of Dell Technologies. Elon Musk drops to second place: Last year's number one, Elon Musk, now holds the second spot with a net worth of $180 billion. This marks his first time at the top of the list, thanks to a banner year at LVMH, which owns Louis Vuitton, Christian Dior, and Tiffany & Co.

Bernard Arnault, CEO of LVMH, which owns Louis Vuitton, Christian Dior and Tiffany & Co., is the world's richest person, according to Forbes.

[25 Richest People in the World](https://www.forbes.com/sites/chasewithorn/2023/04/04/the-25-richest-people-in-the-world-2023/?sh=591d3b7e4969), released this week. 21, $56.7 billion). - For the second straight year, the number of billionaires declined – from 2,668 in 2022 to 2,640 this year. 19 No. 25 to No. - Two who dropped out of the Top 25: Zhang Yiming, founder of Bytedance, the parent company of Tik Tok dropped from No. 26; and Changpeng Zhao, known as CZ, the founder of cryptocurrency exchange Binance, fell from No. 3 on the annual list of richest people: Jeff Bezos at $114 billion. That's about $57 billion less than a year ago, the largest loss of anyone on the list, Forbes said. [Bernard Arnault, the world's richest person, appoints daughter CEO](https://www.usatoday.com/story/money/business/2023/01/11/new-louis-vuitton-ceo-bernard-arnaults-daughter-dior/11030964002/) [Tesla stock](https://www.usatoday.com/story/money/2022/12/28/tesla-stock-musk-shanghai-production/10958559002/)'s 50% decline since Musk's [$44 billion acquisition of Twitter](https://www.usatoday.com/story/tech/2022/04/25/elon-musk-twitter-ownership-deal/7437519001/) in April 2022. [Arnault had leapfrogged Elon Musk](https://www.usatoday.com/story/money/2022/12/13/elon-musk-richest-person-no-longer-forbes/10887947002/) to earn the top spot on Forbes' [real-time billionaires list](https://www.forbes.com/real-time-billionaires/#41add3813d78).

London: The fortune of Bernard Arnault, the world's richest person, has topped $200 billion for the first time as shares in his French LVMH luxury goods.

His wealth has increased by $39 billion so far this year as shares in LVMH have risen 30 per cent, thanks to soaring demand for luxury goods among the world’s wealthy. Her brother Antoine was promoted to run the holding company that controls LVMH and the Arnault family fortune. Its shares have shot up by more than 150 per cent in the past three years, hitting a new high of 853 euro on Wednesday morning.

The combined net worth of the world's wealthiest people slipped to $12.2 trillion amid stock market volatility and rising interest rates, Forbes says.

- Bill Gates — $104 billion Ms Bettencourt Meyers is also the world’s 11th-richest person, according to Forbes. - Bernard Arnault — $211 billion Bernard Arnault, chairman of French luxury group LVMH, is the world’s richest person with a net worth of $211 billion, Forbes said. “But I won’t be slowing down anytime soon. “I turned 67 in October.

Elon Musk and Jeff Bezos have also achieved this feat but Arnault is the first person outside the US to reach the milestone.

Bernard Arnault, chairman of French luxury goods company LVMH, became the world's richest person, replacing Tesla boss Elon Musk, whose net worth slipped by ...

Among the top 10 on the Forbes list, while India's Mukesh Ambani regained spot as Asia's richest person and world's ninth richest billionaire, French luxury ...

Mr Arnault's net worth rose by $2.4 billion to $201 billion on Tuesday. He became the third person ever to reach such heights of personal wealth.

World's Richest Man: लुई विटॉन के चेयरमेन और सीईओ बर्नार्ड अरनॉल्ट (Bernard Arnault) दुनिया में सबसे ...