LVMH owner Arnault tops Forbes list of richest people

Bernard Arnault, Head of the LVMH group that controls the brands Christian Dior, Louis Vuitton, Moet & Chandon, and others, is now at the top of Forbes’ annual list of the world’s richest billionaires.

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LVMH owner Arnault tops Forbes list of richest people © The Strategist

His net worth is pegged at USD 211 billion. He is the only businessman on the list with a capital of more than $200 billion. A year ago, the CEO of LVMH was rated third in terms of wealth, with an estimated net worth of $158 billion.

Elon Musk, who had been leading in 2022, is now in second position. His estimated net worth is $180 billion, a significant decrease from his $219 billion outcome from the previous year. Over the past year, Tesla stock has plummeted by 65%, with the majority of the decline occurring after the tycoon revealed his $44 billion acquisition of Twitter.

Jeff Bezos, the creator of Amazon, comes in third. The US magazine pegged his net worth at $114 billion, up from $171 billion in the previous ranking.

source: forbes.com

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