Bernard Arnault is the richest man in the world: he surpasses Elon Musk- Corriere.it
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Bernard Arnault surpasses Elon Musk and steals the scepter of richest man in the world in the Forbes ranking. But the overtaking does not last long and with the recovery of Tesla shares on Wall Street, Musk is back in the lead again. For that short period of time, the French billionaire has an estimated wealth of 185.3 billion dollars, while Musk – whose fortune is mainly linked to the performance of Tesla – is worth 185.7 billion.
The top four in the standings
Frenchman Bernard Arnault, CEO of luxury group LVMH, and his family briefly topped the Forbes list of the richest people in the world, with $185 billion, unseating American Elon for a time Musk, head of Tesla, SpaceX and Twitter. The 73-year-old French businessman and his family topped the online live chart for a while as Elon Musk’s fortune dwindled, in part due to the sharp drop in Tesla’s stock price on the stock exchange. of New York on Wednesday. Indian businessman Gautam Adani (134.8 billion), head of a conglomerate, was in third place, while Jeff Bezos (111.3 billion), founder of Amazon, in fourth place.
The success of LVMH
Bernard Arnault had already occupied the first place of the Forbes ranking, for a few hours, in May 2021. The fortune of the French billionaire has recently benefited from the leap in the results of LVMH, the leading luxury goods company in the world, whose net profit it reached 12 billion euros in 2021. The luxury sector is a sector that continues to grow. In 2022, the market is expected to be worth €1.4 trillion, an increase of 13% on a year ago. LVMH (which owns Louis Vuitton, Dior, Sephora, Bulgari and Tiffany) recorded €19.755 billion in sales between July and September, exceeding all expectations. Sales were also driven by American customers who took advantage of the strength of the dollar to shop in European stores with the post-Covid reopening. Finally, in China, LVMH benefited from an improvement in its activities thanks to the easing of anti-Covid-19 restrictions.
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