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Article: LVMH's Bernard Arnault Is Officially The Richest Man In The World

LVMH's Bernard Arnault Is Officially The Richest Man The World

LVMH's Bernard Arnault Is Officially The Richest Man In The World

Bernard Arnault has become one again the richest man in the world again. LVMH's chief executive has dethroned Elon Musk.

The French tycoon is the chairman of the board of Moët Hennessy Louis Vuitton (LVMH), the world's largest luxury goods company.

Bernard Arnault - The World's Richest Man
Bernard Arnault, a brilliant businessman, has an estimated fortune of more than 200 billion dollars, more exactly around $211 billion, according to Forbes. In fact, only Elon Musk and Jeff Bezos have managed to amass more than $200 billion at one point.

The LVMH boss also briefly held first place among the world's billionaires in 2019, 2020, and 2021.

The second richest man in the world is the American billionaire Elon Musk, CEO of Tesla, Space X, and the new owner of the Twitter network. Musk now has a fortune of $180 billion, down from $219 billion in 2022.

Francoise Bettencourt Meyers - The World's Richest Woman
It's no doubt about it: France leads the billionaire rankings. Francoise Bettencourt Meyers, the heiress to the L'Oreal empire, is the richest woman in the world.

She is the granddaughter of the founder of L'Oreal, with an estimated fortune of $80.5 billion. Together with her family, she owns almost 33% of L'Oreal shares.

According to Euronews, Francoise Bettencourt Meyers has been a member of L'Oreal's board of directors since 1997 and is chairman of the family holding company. She became the heiress to L'Oreal in France in 2017 when her mother, Liliane Bettencourt, at that point the world's richest woman, died at the age of 94.

Bettencourt Meyers also heads her family's philanthropic foundation, which encourages French progress in the sciences and arts.

L'Oreal and the Bettencourt Meyers family have agreed to donate $226 million to repair Notre Dame Cathedral following the April 2019 fire.

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