Bernard Arnault

According to CNN, the two had been trading places on the outlet's daily Real-Time Billionaires list over the past few months.

Jeff Bezos overtook him in 2018 to be the world's richest person. In 2022, he was the eighth richest on the list. His company, Berkshire Hathaway, recently moved to buy up more shares of energy company Occidental Petroleum. In 1999, at the height of the dot com boom, they were bought for $307m by Compaq Computers. Bezos' $114 billion net worth represented a 1-spot drop, according to Forbes. It also completely owns GEICO, Duracell, and Dairy Queen, among several other companies. His boost in rankings was aided by Oracle rise 10% year-over-year in stock price, according to the outlet. LVMH backed away as the COVID-19 pandemic hammered luxury goods sales, but ultimately renegotiated a discounted purchase price. Musk took home $21m - he was 27. citizens joined the billionaire ranks for the first time this year, including LeBron James and Jimmy Buffett. Despite nearly 50 Americans, including Kanye West and Sam Bankman-Fried, dropping from the ranks and some dying, more than 60 U.S. followed a bitter legal dispute.

The French tycoon joins Elon Musk and Jeff Bezos as the only billionaires to have ever reached the $200 billion (R3.5 trillion) milestone.

You can cancel anytime and if you cancel within 14 days you won't be billed. He is currently the richest person in the world. The head of luxury-goods powerhouse LVMH is the third person ever to reach that level of personal wealth.

Bernard Arnault, CEO of LVMH, which owns Louis Vuitton, Christian Dior and Tiffany & Co., is the world's richest person, according to Forbes.

[25 Richest People in the World](https://www.forbes.com/sites/chasewithorn/2023/04/04/the-25-richest-people-in-the-world-2023/?sh=591d3b7e4969), released this week. 21, $56.7 billion). - For the second straight year, the number of billionaires declined – from 2,668 in 2022 to 2,640 this year. 19 No. 25 to No. - Two who dropped out of the Top 25: Zhang Yiming, founder of Bytedance, the parent company of Tik Tok dropped from No. 26; and Changpeng Zhao, known as CZ, the founder of cryptocurrency exchange Binance, fell from No. 3 on the annual list of richest people: Jeff Bezos at $114 billion. That's about $57 billion less than a year ago, the largest loss of anyone on the list, Forbes said. [Bernard Arnault, the world's richest person, appoints daughter CEO](https://www.usatoday.com/story/money/business/2023/01/11/new-louis-vuitton-ceo-bernard-arnaults-daughter-dior/11030964002/) [Tesla stock](https://www.usatoday.com/story/money/2022/12/28/tesla-stock-musk-shanghai-production/10958559002/)'s 50% decline since Musk's [$44 billion acquisition of Twitter](https://www.usatoday.com/story/tech/2022/04/25/elon-musk-twitter-ownership-deal/7437519001/) in April 2022. [Arnault had leapfrogged Elon Musk](https://www.usatoday.com/story/money/2022/12/13/elon-musk-richest-person-no-longer-forbes/10887947002/) to earn the top spot on Forbes' [real-time billionaires list](https://www.forbes.com/real-time-billionaires/#41add3813d78).

Bernard Arnault, chairman of French luxury goods maker LVMH, has once again surpassed Elon Musk as the world's richest person, after the 74-year-old's...

Bezos was the first person to hit the $200 billion milestone in August 2020, but is now the world’s third-richest person with an estimated $128 billion fortune as the share-price performances of many technology stocks have suffered over the past year. Arnault joins Amazon.com’s Jeff Bezos and Musk as the only individuals to have ever amassed more than $200 billion in wealth. Musk, meanwhile, has seen his fortune fall following his $44 billion purchase of Twitter as well as a 50% decline in the value of Tesla stock over the past year.

French billionaire Bernard Arnault's net worth has topped $200 billion making him the world's richest person and just the third person to ever amass that ...

But less than two years after that deal, LVMH said it was putting Rihanna's [ Fenty fashion house](https://www.upi.com/Entertainment_News/2021/02/10/Rihanna-LVMH-put-Fenty-fashion-house-on-hold/9371612971910/) "on hold." [fallen to $20 billion](https://www.upi.com/Top_News/US/2023/03/26/twitter-elon-musk-valuation/9741679871571/). [Bloomberg's Billionaires Index](https://www.bloomberg.com/billionaires/?sref=Xl91GI8N) ranked Arnault ahead of both Bezos and Musk as of Tuesday, with a total net worth of $201 billion. He co-founded LVMH 35 years ago and That index shows Arnault with a $25 billion greater net worth than [Elon Musk](https://www.upi.com/topic/Elon_Musk/) and $73 billion more than [Amazon](https://www.upi.com/topic/Amazoncom/) founder [Jeff Bezos](https://www.upi.com/topic/Jeff_Bezos/). Arnault started the luxury goods company LVMH.

The combined net worth of the world's wealthiest people slipped to $12.2 trillion amid stock market volatility and rising interest rates, Forbes says.

- Bill Gates — $104 billion Ms Bettencourt Meyers is also the world’s 11th-richest person, according to Forbes. - Bernard Arnault — $211 billion Bernard Arnault, chairman of French luxury group LVMH, is the world’s richest person with a net worth of $211 billion, Forbes said. “But I won’t be slowing down anytime soon. “I turned 67 in October.

Elon Musk and Jeff Bezos have also achieved this feat but Arnault is the first person outside the US to reach the milestone.

Mr Arnault's net worth rose by $2.4 billion to $201 billion on Tuesday. He became the third person ever to reach such heights of personal wealth.