Louis Vuitton's Bernard Arnault Dethrones Elon Musk as World's Richest Person
By Lokmat English Desk | Published: January 28, 2024 12:35 PM2024-01-28T12:35:45+5:302024-01-28T12:36:49+5:30
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, is now officially the world's richest man-- overtaking ...
![Louis Vuitton's Bernard Arnault Dethrones Elon Musk as World's Richest Person | Louis Vuitton's Bernard Arnault Dethrones Elon Musk as World's Richest Person Louis Vuitton's Bernard Arnault Dethrones Elon Musk as World's Richest Person | Louis Vuitton's Bernard Arnault Dethrones Elon Musk as World's Richest Person](https://d3pc1xvrcw35tl.cloudfront.net/ln/images/420x315/408280-succession-2024-01-27t020746589_202401680545.jpg)
Louis Vuitton's Bernard Arnault Dethrones Elon Musk as World's Richest Person
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, is now officially the world's richest man-- overtaking electric car Tesla CEO Elon Musk. The major shift in the Forbes Magazine list of the world's richest person's order came after the 74-year-old founder's company registered a 10 per cent rise in fourth-quarter sales. The growth is pushed by resilient demand post the coronavirus pandemic, especially in the fourth-quarter sales.
According to Forbes, Bernard Arnault and his family currently hold a personal fortune of $207.6 billion. While Musk, whose critical statement about the sale decline of his own company, drove him from the list of toppers to the second one, has a net worth of 204.7 billion, as per Forbes. Notably, on Thursday, the American electric automobile company shares tumbled over 12% after Musk warned sales growth would slow this year. This triggered a major decline in Tesla's stock. In fact, the stock went down its sharpest intraday percentage loss in more than a year.
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