Adesola Sulaimon
Billionaire Elon Musk has lost his position as the world richest man to luxury goods tycoon, Bernard Arnault of France.
Bernard Arnault is the founder, chairman, and Chief Executive Officer of LVMH (Moet Hennesy Louis Vuitton), the world’s largest luxury goods company.
The 74-year-old trained engineer made the 2023 list with a net-worth of $211 billion fortune, to beat the Tesla boss, who currently has a total net-worth of 31 billion, per Forbes’ calculations.
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According to Forbes, Musk is ranked second, with Jeff Bezos and Bill Gates holding the third and fourth ranks respectively.
Arnault first appeared on Forbes’ billionaires list in 1997, when he was worth $3.1 billion.
For the past three years, he’s been third richest, trailing Musk and Amazon founder, Jeff Bezos before finally claiming the position as world richest.
