LVMH Group President Bernard Arnault has surpassed Elon Musk in the ranking of the richest people on the planet.
Forbes presented the 37th annual ranking of the richest people in the world. For the first time, the list was headed by Louis Vuitton Moet Hennessy (LVMH) group leader Bernard Arnault.
The French billionaire dethroned the leader of the ranking last year by the founder of SpaceX and Tesla, Elon Musk.
Arno’s wealth is estimated at $211 billion. He is the only businessman on the list whose net worth exceeds $200 billion.
Arno has been adding to his wealth in recent years. The businessman controls the LVMH empire of 75 fashion and beauty brands.
Last year, the head of LVMH was in third place behind Elon Musk and Jeff Bezos.
Elon Musk dropped to second place in the ranking. Today his capital is estimated at 180 billion dollars. In the past year, he lost about $40 billion.
In third place is Jeff Bezos, owner of Amazon Corporation, with a net worth of $117 billion.
It will be remembered that in 2020, Arno earned more than $ 11 billion per day. The billionaire earned this amount on the growth of global financial markets.
Forbes named the richest Americans
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.