Musical chairs: billionaires change positions and Arnault is once again the richest in the world

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The fortune of the president of Louis Vuitton rose by US$ 23.6 billion in one day, according to a survey by Forbes magazine. Bernard Arnault, president of Louis Vuitton, during the presentation of the company’s results, in Paris. Reuters/Stephanie Lecocq Bernard Arnault, president of the luxury goods company LVMH, overtook Elon Musk and became the richest man in the world again, according to a survey by Forbes magazine. The businessman’s fortune jumped US$ 23.6 billion this Friday alone (26), reaching US$ 207.8 billion. The increase in Arnault’s assets was driven by the 13% appreciation in the company’s shares, which is responsible for brands such as Louis Vuitton and Sephora. The gains come in the wake of the company’s good sales results in the last quarter of 2023, announced on Thursday (25), in Paris. With his fortune, Arnault surpassed Tesla owner Elon Musk’s net worth of US$204.5 billion. According to Forbes, the news comes at a time when Tesla is facing difficulties in the stock market, recording a drop of 26.5% in the month — which caused Musk to lose US$18 billion. Also according to the publication, LVMH’s market capitalization reached US$388.8 billion this Friday. Tesla reached US$586.14 billion in market value. See who the 10 richest in the world are, according to the Forbes ranking: 1. Bernard Arnault and family Net worth: US$ 207.8 billion Source of wealth: LVMH Age: 74 Citizenship: France 2. Elon Musk Net worth: US $204.5 billion Source of Wealth: Tesla, SpaceX and Larry Ellison Net worth: $142.4 billion Source of Wealth: Oracle Age: 79 Citizenship: USA 5. Mark Zuckerberg Net worth: $139.4 billion Source of Wealth: Facebook Age: 39 Citizenship: USA 6. Larry Page Net worth: $126.6 billion Source of Wealth: Google Age: 50 Citizenship: US 7. Warren Buffett Net worth: $126.4 billion Source of Wealth: Berkshire Hathaway Age: 93 Citizenship: US 8. Bill Gates Net Worth Net Worth: $122.8 Billion Source of Wealth: Microsoft Age: 68 Citizenship: US 9. Sergey Brin Net Worth: $121.2 Billion Source of Wealth: Google Age: 50 Citizenship: US 10. Steve Ballmer Net Worth: $118.6 billion Source of Wealth: Microsoft Age: 67 Citizenship: USA

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