Louis Vuitton chairman Bernard Arnault dethroned Elon Musk،Bezos for 1st time since2021
Bernard Arnault، chairman and chief executive of Louis Vuitton Moet Hennessy، the French luxury conglomerate LVMH، is crowned this week the world's richest person with $198 billion for the first time in three years، dethroning Tesla electric car company CEO Elon Musk whi is now the third richest person with $190 billion after Tesla shares tumbled 6 % compared to last year، while Jeff Bezos، boss of Amazon، preserves the second place with $196 billion.
Bernard Arnault at the top spot as the world's richest person
Bernard Arnault Louis Vuitton Moet Hennessy، LMVH، CEO has been at the top spot as the world's richest person، according to American Bloomberg's Billionaire's Index today.
The trio، Bernard Arnault Louis Vuitton Moet Hennessy، LMVH، CEO، and Jeff Bezos، boss of Amazon، as well as Tesla electric car company CEO Elon Musk، who also owns X formerly known as Twitter، are the three richest people in the world and often trade the crown between them depending on the success of their respective companies' shares.
Bernard Arnault is the boss of the French luxury conglomerate LVMH
MailOnline site reported that Bernard Arnault، Chairman and CEO of LVMH Moet Hennessy Louis Vuitton، is now the richest person in the world، as he serves as the boss of the French luxury conglomerate LVMH which owns well-known brands including Louis Vuitton، Tiffany & Co، and Dom Pérignon.
But that is not where Bernard Arnault، Chairman and CEO of LVMH Moet Hennessy Louis Vuitton money comes from as the majority of his fortune is driven by his 97.5 % stake in Christian Dior.
Bernard Arnault controls the group with his five children all work across LVHM
In 2022، the billiobaie Bernard Arnault، Chairman and CEO of LVMH Moet Hennessy Louis Vuitton، 75-year-old entrepreneur raised LMVH's mandatory retirement age to 80 which gives him another five years in control the group with his five children all work across LVHM and its brands، with daughter Delphine acting as CEO and chair of Christian Dior.
Tesla's shares slump came after disappointing sales in China as figures from the China Passenger Car Association show Tesla sold 60 thousand and 365 vehicles in February، down 19 % from a year earlier and the lowest volume since December 2022.
Amazon shares are now up 88.75 % compared to last year
By comparison، Amazon shares are up 88.75 % compared to last year and are within reaching distance of their record-highs، set in 2021، thus Jeff Bezos ascends from third to second place his week allthough Arnault dethroned Amazon founder Jeff Bezos، for the first time since in 2021.
Most of Jeff Bezos's fortune comes from his 9 % stake in Amazon، where he is the biggest shareholder، despite selling 50 million shares worth around $8.5 billion in February this year but Bezos first stepped ahead of Microsoft Inc. co-founder Bill Gates as the world's richest person in 2017.
Huge rally in Tesla shares left Bezos and Musk vying for first position for most of 2021
But a huge rally in Tesla shares left Bezos and Musk vying for first position for most of 2021 and late in 2021، Bezos dropped far behind، and this week was the first time he has reclaimed the position since then.
Mark Zuckerberg the founder، chairman and CEO of Meta، which he first founded as Facebook in 2004 is in the fourth place with $178 billion while Bill Gates co-founded Microsoft Corporation with Paul Allen in 1975 is in the fifth place with fortune of more than $148 billion.
The fortunes of the five richest people had more than doubled to a staggering $911 billion
The findings of American Bloomberg's Billionaire's Index released today showed that the fortunes of the five richest people in the world had more than doubled to a staggering $911 billion since 2020.
The other 5 billionnaires of the top ten richest people in the world include Steve Ballmer at Microsoft Corporation has $139 billion to be at the sixth place followed by the American investor Warren Buffett who owns $133 billion.
Cofounders of Google have $236 billion
Billionnaire Larry Ellison cofounder and chief executive officer of the software company Oracle Corporation is at the eighth place with a fortune of $127 billion.
Larry Page is an American businessman، computer scientist and internet entrepreneur best known for co-founding Google with Sergey Brin are at the ninth and tenth places with fortunes of $121 billion for Larry and $115 billion for Sergey with a total of $236 billion.
