2024-01-29 08:26:00
New Delhi: Bernard Arnold, the CEO of the luxury goods manufacturer Louis Vuitton (LVMH), has overtaken Elon Musk, who was the first in the list of the world’s richest people. Arnold’s fortune is expected to increase to $39 billion in 2023 after LVMH shares rose 30 percent due to rising demand for luxury goods.
According to the report of Forbes, an American business magazine, Bernard Arnault, the CEO of the luxury goods company (LVMH), has overtaken Elon Musk, who was the first in the list of the world’s richest people. Elon Musk topped the list of the world’s richest people. Last December 2022, Frenchman Bernard Arnold overtook Elon Musk to top the list of richest people. Elon Musk came in at number 2. Since then, Testa’s stock has gone up many folds and it has returned to the top spot. He later bought Twitter. Now it has been renamed as X website.
In this case, French industrialist Bernard Arnold is currently on the first place in the list of the richest people. Shares of Elon Musk’s car company, Tesla, continue to decline. Additionally, shares of Bernard Arnold’s luxury goods conglomerate (LVMH) continue to rise.
Currently, the wealth of Arnold and his family has increased to 207.8 billion dollars. Elon Musk’s net worth is $204.5 billion. Arnold’s fortune is expected to increase to $39 billion in 2023 after LVMH shares rose 30 percent due to rising demand for luxury goods. In this list, famous business tycoon Mukesh Ambani is at the 11th position and Gautam Adhani is at the 16th position. It is noteworthy that the two billionaires, Elon Musk and Bernard Arnold, have been taking the top spot alternately since 2022.
According to Forbes, the top 10 richest people in the world are:
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