According to Forbes’ most current list of the 25 wealthiest persons in the world, Elon Musk and Jeff Bezos have lost their positions as the richest and second-richest men in the world, respectively,
Musk, who topped the list last year, is currently in second place as a result of his costly acquisition of Twitter.
Elon Musk, the CEO of Tesla, has officially been surpassed by French businessman Bernard Arnault to become the richest person in the world.
With a $211 billion wealth, the 74-year-old engineer tops Forbes’ list of 2023 billionaires, surpassing Elon Musk, who has lost $39 billion in value since last year.
The second person on the list, Jeff Bezos, is now in third place. Mark Zuckerberg and Bill Gates both made the list, coming in at positions 6 and 16, respectively.
The world’s richest man, Arnault, has watched his firm, LVMH, develop into the biggest luxury goods company in the world, with more than 70 brands and devoted clients all over the world.
Revenues increased from $4 billion in 1989 to $86 billion last year thanks to costly acquisitions. Over the past year, LVMH’s stock has increased by 35%.
Bernard Jean Étienne Arnault, a French business tycoon, businessman, and art collector, was born on March 5, 1949.
He is the founder, chairman, and chief executive officer of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company.
According to Forbes, Arnault will be the richest person in the world as of March 2023 with an estimated net worth of 211.1 billion dollars.
His family is regarded as one of the wealthiest in the world.
News agency