CEO of LVMH, Bernard Arnault becomes the world’s richest person: Forbes

Bernard Arnault becomes the world’s richest person: According to the Forbes, Chief executive of Louis Vuitton’s parent company LVMH, Bernard Arnault and Family replaced Tesla CEO, Elon Musk to become the world richest person, and his family took the title with a personal wealth of $185.4 billion, according to Forbes.

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Musk, who has had held the top spot on the Forbes list for world’s richest since September 2021, has a net worth of $185.3 billion. As of December 9, 2022, the personal wealth of Bernard Arnault is $186.1 billion and net worth of Elon Musk is $185.0 billion. But as per the Bloomberg’s Billionaires Index, the Tesla CEO is still estimated to be the world’s wealthiest person with a net worth of $171 billion (As of 9th Dec 2022).

LVMH, which also owns household names like Fendi, Christian Dior and Givenchy, rose 0.4% during the first hours of trading on Monday, putting its market cap at $320 billion and pushing Arnault’s personal stake up by more than $600 million.