Not Elon Musk, world's richest man now is…

The fight for the number one spot between Bernard Arnault and Elon Musk has been going on for over two years.

Published on: Jan 29, 2024, 11:34:07 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Bernard Arnault, chairman and CEO of luxury brand LVMH Moet Hennessy Louis Vuitton SE, surpassed Tesla boss Elon Musk to become the world's richest person, as per Forbes real-time billionaires list. Bernard Arnault has a net worth of $207.6 billion currently. This is higher than Elon Musk's $204.7 billion. Amazon founder Jeff Bezos is the world's third richest person with a net worth of $181.3 billion, the list showed.

Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, during an earnings news conference. (Bloomberg)

The fight for the number one spot between Bernard Arnault and Elon Musk has been going on for over two years. In 2022, Bernard Arnault gained the top spot after the tech stocks witnessed a sell-off amid weak global macroeconomic indicators. But there is a recent surge witnessed in Bernard Arnault's net worth as on January 26 alone, it rose by $23.6 billion which can be attributed to the company's healthy quarterly results. Louis Vuitton posted a 10 per cent rise in its quarterly sales. The company's stocks also rose after the results were announced on January 25.

Elon Musk's net worth fell by $18 billion.

Read more: New to investing? 5 Stock market terms explained for beginners

Meanwhile, chairman and managing director of Reliance Industries Mukesh Ambani is at the 11th spot as he continues to be the richest Indian on the list with a net worth of $104.4 billion.

Gautam Adani, founder and chairman of the Adani Group, ranked 16th on the list with a net worth of $75.7 billion while Shiv Nadar, ranked 42nd globally, was the third-richest Indian with a net worth of $34.8 billion.

Oracle Founder Larry Ellison, Meta Co-founder Mark Zuckerberg, Berkshire Hathaway CEO Warren Buffet, Alphabet Co-founder Larry Page and Bill & Melinda Gates Foundation Co-chair Bill Gates also featured in the list.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.