Overtaking Elon Musk to become the richest man in the world, Bernard Arnault, the billionaire CEO and chairman of LVMH, a multinational luxury goods firm that owns brands including Louis Vuitton, is taking over front pages. Forbes magazine reported that Arnault and his family's wealth increased by $23.6 billion last Friday, bringing their total net worth to $207.8 billion
According to Bloomberg Billionaire Index data, his fortune, which stood at $299 billion on January 1, 2024, witnessed a sharp decline to $199 billion by the end of the market trade on January 26, 2024, a 13.3% decrease.