Arnault

Bernard Arnault beats Elon Musk to World’s Richest Person spot. Photos: FREDERIC J. BROWN/AFP and ERIC PIERMONT/AFP.

Bernard Arnault reclaims World’s Richest Person title from Musk

LVMH CEO Bernard Arnault has reclaimed his title as World’s Richest Person just 48 hours after losing it to SA-born billionaire Elon Musk.

Arnault

Bernard Arnault beats Elon Musk to World’s Richest Person spot. Photos: FREDERIC J. BROWN/AFP and ERIC PIERMONT/AFP.

French businessman Bernard Arnault has reclaimed the World’s Richest Person title just 48 hours after South African-born billionaire Elon Musk took the spot on Monday 27 February.

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ELON MUSK THE WORLD’S RICHEST MAN ONCE AGAIN 

Moët Hennessy Louis Vuitton (LVMH) CEO Bernard Arnault is once again the World’s Richest Man. He lost his spot to Tesla and SpaceX CEO Elon Musk on Monday 27 February. However, he reclaimed the number one position just 48 hours later with a net worth of a whopping $189 billion (R3.4 trillion) — according to Bloomberg Billionaire’s Index.

Musk’s net worth is now $181 billion (R3.2 trillion) — $8 billion R145 billion) less than Arnault. Business Insider reports that Musk lost his number one place after his net worth fell by $2 billion (R36 billion) on Thursday. The drop in net worth is due to a drop in Tesla stock.

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On Monday 27 February, Musk’s net worth sat at $187.1 billion (R3.4 trillion) R2 billion ahead of Arnault, whose net worth was then R185 billion.

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WHAT YOU NEED TO KNOW ABOUT THE WORLD’S RICHEST PERSON

  • Arnault is the chairman, co-founder and Chief Executive Officer (CEO) of LVMH (Moët Hennessy Louis Vuitton) – which is the world’s largest luxury goods company.
  • According to the Bloomber Billionaire’s Index, the billionaires wealth predominantly stems from his 97.5% stake in Christian Dior, which controls an estimated 41% of LVMH.
  • The billionaire has been married twice – Anne Dewavrin from 1979 – 1990. The pair have two children together – Antoine and Delphine. In 1991, Arnault married Hélène Mercier. The pair have three children together Alexandre, Frédéric and Jean.
  • He is a father of five.
  • Arnault was born in France.

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