The world’s richest man is no longer Elon Musk. As of 10-Jan-2023, Bernard Arnault & family is the wealthiest person on Earth with a net worth of $198.4 billion.
Bernard Arnault is the CEO and Chair of LVMH (Moët Hennessy Louis Vuitton), the world’s largest luxury goods company. He has been at the helm of the company since 1989 and has grown it to become the world’s largest luxury goods company with over 70 brands and revenues of over $53 billion in 2020.
Arnault’s wealth comes from his stake in LVMH, which is estimated to be around 46%. He also has investments in other companies such as Christian Dior, Sephora, and Tag Heuer.
Arnault is also an active philanthropist and has donated millions of dollars to various causes, including the reconstruction of Notre Dame Cathedral in Paris.
Arnault’s rise to the top of the world’s richest list is a testament to his business acumen and savvy investments. He has been able to grow LVMH into a global powerhouse and has been able to successfully navigate the pandemic and the volatile stock market.
Arnault’s success is a great example of how one person can achieve great success through hard work and dedication. His story is an inspiration to aspiring entrepreneurs and business leaders around the world.
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