Who is Bernard Arnault, the Current World’s Richest Man?

When it comes to the list of the World’s richest men the first people that come to mind are Elon Musk, Jeff Bezos, and Bill Gates. This isn’t the case anymore as Bernard Arnault has dethroned the names as mentioned earlier.

He is the billionaire chairman and CEO of global luxury goods brand LVMH (Louis Vuitton) and his family, the Arnault family has reached an estimated worth of $207.8 billion surpassing Elon Musk who was topping the list of richest men with $204.5 billion. These figures were reported by Forbs Magazine.

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Who is Bernard Arnault

He was born in 1949 in Roubaix, France. Arnault studied engineering at the École Polytechnique in Paris and pursued a career in business after completion.

Bernard Arnault purchased the luxury goods brand Christian Dior back in 1984. Under his leadership, the business expanded rapidly, incorporating additional luxury brands such as Hennessy, Louis Vuitton, and Moët & Chandon. The amalgamation of Christian Dior and Moët Hennessy in 1987 resulted in the formation of LVMH, the world’s largest luxury goods corporation.

As per the Forbes Real-Time Billionaire List on Sunday, the French tycoon and his family were valued at $207.6 billion, while Musk’s net worth was estimated at $204.7 billion. Mark Zuckerberg, Jeff Bezos, and Larry Ellison rounded out the top five.

Nevertheless, the Bloomberg Billionaires Index contends that Musk, the owner of companies like SpaceX, Tesla, and X (previously Twitter), remains the world’s richest person, boasting a fortune of $199 billion, leading ahead of Jeff Bezos ($184 billion) and Arnault ($183 billion).