Bernard Arnault, chairman and CEO of luxurious model LVMH Moet Hennessy Louis Vuitton SE, surpassed Tesla boss Elon Musk to change into the world’s richest particular person, as per Forbes real-time billionaires record. Bernard Arnault has a internet value of $207.6 billion at the moment. This is larger than Elon Musk’s $204.7 billion. Amazon founder Jeff Bezos is the world’s third richest particular person with a internet value of $181.3 billion, the record confirmed.
The battle for the primary spot between Bernard Arnault and Elon Musk has been occurring for over two years. In 2022, Bernard Arnault gained the highest spot after the tech shares witnessed a sell-off amid weak world macroeconomic indicators. But there’s a latest surge witnessed in Bernard Arnault’s internet value as on January 26 alone, it rose by $23.6 billion which may be attributed to the corporate’s wholesome quarterly outcomes. Louis Vuitton posted a ten p.c rise in its quarterly gross sales. The firm’s shares additionally rose after the outcomes have been introduced on January 25.
Elon Musk’s internet value fell by $18 billion.
Meanwhile, chairman and managing director of Reliance Industries Mukesh Ambani is on the eleventh spot as he continues to be the richest Indian on the record with a internet value of $104.4 billion.
Gautam Adani, founder and chairman of the Adani Group, ranked sixteenth on the record with a internet value of $75.7 billion whereas Shiv Nadar, ranked forty second globally, was the third-richest Indian with a internet value of $34.8 billion.
Oracle Founder Larry Ellison, Meta Co-founder Mark Zuckerberg, Berkshire Hathaway CEO Warren Buffet, Alphabet Co-founder Larry Page and Bill & Melinda Gates Foundation Co-chair Bill Gates additionally featured within the record.