World’s Richest Person: 74-Year-Old Bernard Arnault Surpasses Elon Musk as World’s Wealthiest Individual

Bernard Arnault: In the ever-changing landscape of global wealth, a seismic shift has occurred, reshaping the list of the world’s wealthiest individuals. This article explores the recent turn of events that has propelled a 74-year-old individual to surpass the long-reigning Elon Musk as the world’s richest person.

The Unseating of Elon Musk: Bernard Arnault Takes the Lead

Forbes, the authoritative source on global wealth, reports that Bernard Arnault, the visionary behind the luxury brand Louis Vuitton (LVMH), now reigns supreme as the wealthiest person on the planet. A French businessman and investor with a vast global business empire, Arnault’s total wealth currently stands at an astounding $207.8 billion.


Elon Musk’s Dethroning

Image Credit: GETTY IMAGE

Elon Musk, the iconic entrepreneur leading Tesla and SpaceX, has relinquished his long-held position as the richest person in the world. According to Forbes, Musk’s total wealth has dipped to $204.08 billion, sliding him into the second position. READ MORE

Analyzing the Wealth Fluctuations

Forbes attributes this shift to a significant event that unfolded on January 25. A notable decline in Tesla’s shares led to a 13% decrease in Elon Musk’s total wealth. In contrast, LVMH, Bernard Arnault’s conglomerate, experienced a remarkable surge of over 13% in their shares.

Bernard Arnault’s Soaring Fortune

Notably, on January 26, 2024, Bernard Arnault’s wealth soared by approximately $23 billion, a substantial gain that propelled him ahead of Elon Musk in the global wealth ranking. Speculations are rife that Arnault’s wealth might witness further increases due to the strong performance of several businesses under the LVMH umbrella.

Image Credit: GETTY IMAGE

The Current Roster of Wealth: Top 10 Richest People in the World

For those curious about the broader landscape of global wealth, here’s a snapshot of the current top 10 richest individuals and their net worth:

Rank Name Net Worth (millions of dollars) Origin of the Rich Nation

Rank Name Net Worth (in $ Billion) Source of Wealth Country
#1 Bernard Arnault & family $207.8 LVMH France
#2 Elon Musk $204.08 Tesla, SpaceX United States
#3 Jeff Bezos $183.4 Amazon United States
#4 Larry Ellison $141.6 Oracle United States
#5 Mark Zuckerberg $141.5 Facebook United States


Sharing the Insight: Spread the Knowledge

We hope this article has provided you with valuable insights into the dynamic shifts in the world of wealth. Share this update with your friends to ensure they are also in the loop about the latest developments in the realm of the ultra-rich.

Image Credit: GETTY IMAGE

Conclusion: A New Era in Wealth

In conclusion, the ascension of Bernard Arnault to the top spot marks a significant moment in the history of global wealth rankings. As the dynamics continue to evolve, it will be fascinating to witness how these financial titans navigate the ever-changing landscape of fortune.

Lissa is a News Writer at USA Viewport . She has 2 year professional writing experience.