Business
Fashion Mogul Passes Elon Musk to Become Worlds Richest Person. What Is His Net Worth?
By - 29 Jan 2024 11:17 AM
The world's richest man, Bernard Arnault, is the chairman and CEO of Moet Hennessy Louis Vuitton (LVMH), surpassing Elon Musk. According to Forbes, the French billionaire and his family's net worth increased by $23.6 billion to reach $207.6 billion.
The report also stated that on Friday, Mr. Arnault's net worth surpassed that of the Tesla CEO, whose $204.7 billion fell 13% as a result of Mr. Musk losing more than $18 billion.
Since 2022, the two billionaires have reportedly been in a tug-of-war over wealth, with Mr. Arnault apparently taking the lead late in the year.According to the report, LVMH, the company that owns luxury brands such as Dior, Bulgari, and Sephora, has a market capitalization of $388.8 billion, while Tesla's is $586.14 billion.
The top 10 richest people in the world, as per Forbes' real-time billionaires list, are:
The Arnault Family ($207.6 billion) is the owner.
Elon Musk is worth $204.7 billion.
Jeff Bezos ($181.3 billion)$142.2 billion for Larry Ellison
Mark Zuckerberg (139.1 billion)
Warren Buffett ($127.2 billion)Larry Page, worth $127.7 billion
The $122.9 billion Bill Gates
$121.7 billion for Sergey Brin
Ballmer Steve (118.8 billion).
However, the Bloomberg Billionaires Index, on the other hand, claims that Mr Musk is still the richest man in the world, with a net worth of $199 billion wealth.
Elon Musk is followed by the founder of e-commerce giant Amazon Jeff Bezos with $184 billion of wealth, on the list.
On the Bloomberg Billionaires Index, Bernard Arnault has occupied third place with a $183 billion net worth.
