Elon Musk surpassed: Find out who is now the richest businessman in the world
Forbes magazine published its well-known list of the richest people in the world and to the surprise of many, the owner of Twitter and CEO of Tesla, Elon Musk, was displaced from the first position in the ranking.
Musk had previously lost first place after closing his expensive purchase of the social network and selling shares of his electric car company to finance the $44 billion deal.
The tycoon, who has held the top spot on Forbes' list of the world's richest since September 2021, has a net worth of $185.300 billion.
Tesla shares fell about 4 percent in morning trading on Wednesday, helping its owner's equity fall.
The richest man in the world
The latest Forbes publication ranked Bernard Arnault, chief executive of LVMH, the parent company of luxury brand Louis Vuitton, at the top of billionaires, with a personal wealth of $185.400 billion.
Arnault returns to the top of the fortune list, a position he has held in the past. The last time was in May 2021 when he temporarily agreed to that position.
He is the first European to jump to first place after the continued leadership of Bill Gates, Warren Buffett and Musk. The Spaniard Amancio Ortega was also the richest in the world at the end of 2015 when he surpassed Gates.
Arnault, 73, stays away from the front lines of business but maintains the helm of the family empire. Through Agache he owns 63% of the political vote in LVMH and 47% of the shares.
The LVMH emporium brings together brands such as Louis Vuitton, Kenzo, Moët & Chandon, Guerlain, Loewe, TAg Heuer, Bulgari and an endless list of fashion icons.
It also has numerous stakes in companies in other sectors such as the media (Lagardere) or food.
Group sales reached 36.700 billion euros in the first half of 2022, 28% more than in the first half of 2021.
Bernard Arnault (185.4 million)
Elon Musk (185.3 million)
Gautam Adani (134.8 billion)
Jeff Bezos (111.0 billion)
Warren Buffett (106.4 billion)
Bill Gates (105.3 billion)
Larry Ellison (101.7 billion)
Mukesh Ambani (93.3 billion)
Larry Page (82.8 billion)
Carlos Slim (82.3 billion)
Author: MiamiDiario JM 1:07 pm