According to Forbes ‘ annual billionaire list released on Tuesday, French billionaire Bernard Arnault has surpassed Elon Musk, Twitter owner, to become the world’s richest person.
Coincidentally, a sound has been trending, which has Benard’s name in it, the sound is used in videos where a person falls down, but Benard Arnault rose up instead.
Arnault, the CEO of luxury goods conglomerate LVMH, now has a fortune of $211 billion. This marks the largest jump in net worth among billionaires this year.
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Bernard replace Musk
Arnault had previously topped the Forbes list last year with $31 billion more than Musk but had slipped back to third place behind Musk and Amazon founder Jeff Bezos. This year, he surpassed both of them to claim the top spot.
According to Forbes, the 74-year-old businessman has been the head of LVMH for about three decades and has played a vital role in growing the company’s revenue from $4 billion in 1989 to $86 billion last year.
The conglomerate owns over 70 high-end brands, including Louis Vuitton, Christian Dior, Givenchy, Tiffany’s, Marc Jacobs, Sephora, and Fenty Beauty.
Arnault’s rise to the top of the billionaire’s list has been steady, having first appeared on the Forbes list in 1997 with a net worth of $3.1 billion, and he is the richest man in the world.
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French Billionaire Dethrones Elon Musk
Elon Musk, the CEO of Twitter and Tesla, has dropped to second place in the recent world richest ranking by Forbes, a reputable business magazine.
The ranking, announced on Friday, shows that the worth of the Tesla boss is currently at $183.6 billion.
According to Forbes, someone else is worth more; his name is Bernard Arnault.
