The world of riches has seen a big change. Farnce’s Bernard Arnault overtook Elon Musk to become the world’s richest person. Arnault reclaimed the title of the world’s wealthiest man as Elon Musk’s fortune dipped by over $18 billion. Tesla reported a significant decline in stock value last week, erasing about $73 billion from the company’s market.
Bernard overtook Elon Musk Valuation Forbes’ live billionaire tracker indicates that Arnault and his family’s value surged to $207.8 billion, a $23.6 billion uptick, overtaking Musk’s wealth of $204.5. On the other hand, LVMH’s stock experienced a notable rise, elevating the company’s market capitalization to $388.8 billion.
Tesla’s market capitalization stood at $586.14 billion. But who is Bernard Arnault?
Bernard Arnault founded the luxury brand LVMH, which is as popular as Louis Vuitton LVMH Moet Hennessy. Louis Hennessy Vuitton is commonly known as LVMH. Bernard Arnault, born in 1949 in Roubaix, France, graduated from Ecole Polytechnique, Pairs. He began his career at his family’s construction firm and became chairman in 1978.
Arnault became chairman and CEO of LVMH in 1989, expanding it into a luxury goods empire with 75 brands. Five of Arnault’s children are actively involved in LVMH or its subsidiaries.
LVMH owner Bernard Arnault recently became the richest person in the world after a 32 billion dollar gain in a single day. He is the pioneer seller of a huge luxury goods line.
Amazon founder Jeff Bezos’s net worth has reached 196 billion USD, making him the second richest person after Bernard Arnault, who added $32 bn to his net worth.
Earlier, Elon Musk declared himself the richest person on earth with his $238 billion, but after dropping $40 billion to $55 billion, he lost his title of the world’s richest person in 2024.
This chain has many branches worldwide and sells luxury items like watches, clothes, makeup, bags, and shoes. LVMH is not a trend generator but the world’s most expensive brand that people praise.
Bernard Arnault is married and has five grown-up children. All of them work at LVMH, his father’s company. Bernard Arnault recently declared that he will distribute the LVMH shares among his children and is also considering making his daughter the CEO of their brand.
Bernard Arnault Femous Quotes
“I deal with creativity all the time. What I enjoy is trying to transform creativity into business reality worldwide. To do this, you must connect with innovators and designers and make their ideas livable and concrete.”
“Money is just a consequence. I always tell my team, ‘Don’t worry too much about profitability. ‘ If you do your job well, profitability will come.’
“When I took over Louis Vuitton, everyone said, ‘It’s already so big—what more can you do?’ And since then, we’ve multiplied that success tenfold.”
Frequently Ask Questions
Who is the wealthiest person in the world?
Bernard Arnault is the wealthiest person in the world, with an estimated net worth of $226 billion.
Is Bernard Arnault the wealthiest person in the world?
Bernard Arnault became the wealthiest person in the world with a whopping gain of $32 billion in a day. According to Bloomberg, his net worth is $226 billion.
Who is more affluent, Bernard Arnault or Elon Musk?
Louis Vuitton owner Bernard Arnault raised $32 billion in a single day and became the world’s richest person on the earth. Elon Musk is no longer the world’s richest person.
Who is the owner of Louis Vuitton?
Bernard Arnault is the CEO and chairman of Louis Vuitton (LVMH).
Conclusion
Bernard overtook Elon Musk and became the wealthiest person in the world, with a rise of $32 billion in a single day. He has crossed the most prosperous names listed, including Jeff Bezos and Elon Musk, and is the new richest person in the world.