Information reaching Kossyderrickent has it that Bernard Arnault is worth $207.8BN as he overtakes Elon Musk to be 2024 most richest man in the world..
Elon Musk and Arnault often switch places on the Forbes‘ ‘Real-Time Billionaires List’.
Bernard Arnault is the chief executive officer of luxury brand Louis Vuitton’s parent company LVMH, while Elon Musk is the CEO of Tesla, SpaceX and X.
After Bernard Arnault and Elon Musk, the third position is now occupied by Jeff Bezos with a net worth of $181.3 billion, followed by Larry Ellison ($142.2 billion), Mark Zuckerberg ($139.1 billion) and Warren Buffett ($127.2 billion).
Last week, Arnault appointed two of his sons – Alexandre Arnault and Frédéric Arnault to the LVMH board.
While he nominated the 31-year-old Alexandre, as the executive vice president of product and communications at Tiffany and Co., he selected the 29-year-old Frédéric for the post of the chief executive of Tag Heuer.
Arnault’s decision made the two children join other siblings – Delphine, 48, who is also chairman and chief executive of Christian Dior Couture, and Antoine, 46, who runs multiple LVMH brands and is in charge of the group’s image and sustainability efforts.
The youngest sibling, Jean, 25, is Louis Vuitton’s watch director. Bernard Arnault overtook Elon Musk as the richest person in the world on Friday.
According to Forbes, the market cap of LVMH — the company behind luxury goods brands like Dior, Bulgari, and Sephora — hit $388.8 billion on Friday, January 26, compared with Tesla’s $586.14 billion.
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