French business tycoon, investor, and art collector Bernard Jean Étienne Arnault. On March 5, 1949, in Roubaix, France, he was born. LVMH Mot Hennessy Louis Vuitton, the largest luxury goods firm in the world, was founded by him, and he serves as its Chairman and Chief Executive Officer.
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Bernard Arnault Net Worth
French entrepreneur and billionaire Bernard Arnault have a net worth of $190 billion. Bernard Arnault became wealthy leading LVMH, the greatest luxury goods company in the world.
During the vast majority of his adult life, Bernard has been ranked among the world’s richest people, with the likes of Elon Musk, Jeff Bezos, and Bill Gates, according to his net worth. Bernard Arnault surpassed Elon Musk as the world’s wealthiest person on December 13, 2022. Check this Vinny Guadagnino Net Worth.
We got a tweet for Bernard Arnault’s Net Worth. It’s properly visible in this post.
The Top Ten Richest People In The World
1. Bernard ArnaultNet worth: $210.8 B
Source: LVMH/ luxury goods
Age: 73
Residence: Paris
Citizenship: France pic.twitter.com/nJP2nVajYx
— Hannelie Fourie (@Hannelie_F) March 4, 2023
He Overthrew Tesla Chief Elon Musk As World Richest.
Elon Musk, CEO of Tesla and SpaceX, has dropped from the ranks of the world’s richest people just two days after returning to that position. Earlier this week, Musk’s estimated net worth surpassed $187.1 billion, putting him at the top of the daily ranking of the world’s richest persons published by the Bloomberg Billionaires Index.
After Elon Musk’s four-hour presentation on Thursday failed to excite investors who were expecting an announcement on affordable electric cars, the company’s stock dropped roughly 7%, and Musk was demoted to second place. Must read about this article Who Is Lele Pons Married To?
In light of the decline in share price, Musk has seen a nearly $2 billion reduction in his wealth. With a drop of $1.91 billion on Thursday, his net worth stabilized at roughly $184 billion.
French billionaire and Louis Vuitton CEO Bernard Arnault regained the top rank from Musk thanks to his $186 billion fortune.
After a year in which Tesla shares increased by more than 100 percent due to investor demand and growing customer interest in discounted Tesla models and sales, Elon Musk was the undisputed king of the billionaire world.
The December drop in Tesla’s share price of 65% for a variety of reasons led to Arnault’s deposing Musk. Musk’s net worth dropped by more than $200 billion between November 2021 and December 2022, making it one of the greatest declines in personal wealth in modern history. You might also be interested to read about this article Who Was Tyga Married To?
After the rapid deceleration of Tesla’s share value in early 2023, the company had its worst year ever on Wall Street, losing nearly $700 billion due to investor apprehensions about the long-term effects of Covid 19 on China’s economy and his rather contentious takeover of Twitter, the popular microblogging service.
Musk, on the other hand, seems to be taking the news in stride, as evidenced by his humorous comments about his financially haphazard situation. In a tweet, he jokingly claimed to have purchased the largest charity in the world for $44 billion.
Musk announced in November of last year via Twitter that the microblogging service was losing around $4 million per day.
After months of mass layoffs that totaled more than half of Twitter’s staff, the company’s trajectory has taken several unexpected turns in the past 12 months. The latest round of layoffs affected close to 200 employees.
The microblogging service is undergoing significant transformation, with more than half of its global workers being let go in recent rounds of layoffs. Elon Musk, CEO of Twitter, reportedly laid off more than 75% of the company’s staff shortly after he assumed control.
Recent reports from The New York Times indicate that Musk has once again laid off about 10% of the company’s staff. Recently, the corporation has reduced its employment from 7,500 to around 2,000.
Meanwhile, Jezz Bezos, Bill Gates, and Warren Buffett round out the top five wealthiest persons on the planet, behind Arnault and Musk on the global wealth pyramid. Mukesh Ambani, a business entrepreneur from India, is the eleventh richest person in the world. He is worth USD 79.9 billion.