:strip_icc():format(jpeg)/kly-media-production/medias/4316216/original/042909700_1675755230-000_337W7LP.jpg "Bernard Arnault is once again the richest person in the world, this is his wealth")
Liputan6.com, Jakarta – Billionaire and LVMH CEO Bernard Arnault became the richest person in the world, and replaced Tesla CEO Elon Musk on Friday, January 26 2024.
Citing data Forbeswritten on Sunday (28/1/2024), the wealth of Bernard Arnault and his family rose to USD 207.8 billion or around IDR 3,287 trillion (assuming the exchange rate of the United States dollar against the rupiah is around 15,818) on Friday, January 26 2024. Bernard Arnault’s wealth increased by around USD 23.6 billion or around Rp. 373.31 trillion.
This increase in wealth led Bernard Arnault to replace Tesla CEO Elon Musk as the richest person in the world. Elon Musk is now in second place with a wealth of around USD 204.5 billion or around IDR 3,234 trillion.
Meanwhile, Tesla shares fell by around 13 percent in trading Thursday, January 25 2024, causing Elon Musk’s wealth to decline. Elon Musk’s wealth fell by more than USD 18 billion or around IDR 284.57 trillion.
Meanwhile, LVMH shares jumped more than 13 percent on Friday morning, January 26 2024. LVMH’s market capitalization reached USD 388.8 billion or around IDR 6,146 trillion. Tesla’s market capitalization is around USD 586.14 billion or around IDR 9,266 trillion.
After Elon Musk, the position of the three richest people in the world is held by Amazon founder Jeff Bezos with a wealth of USD 181.3 billion. Then Oracle founder Larry Ellison recorded a wealth of USD 142.2 billion. The fifth position is held by Facebook founder Mark Zuckerberg, whose wealth is recorded at USD 139.1 billion.
In 2021, LVMH’s acquisition of Tiffany and Co, for nearly USD 16 billion, was rated as the largest luxury brand acquisition ever. Bernard Arnault’s parent company Agache backs a venture capital firm called Aglae Ventures which according to a Forbes report invests in Netflix and Bytedance, TikTok’s parent company.
Bernard Arnault has five children who all work at LVMH. He recently appointed two of his sons to the LVMH board along with two other children who are already board members. This is an effort to secure family control in the long term.
Citing various sources, Bernard Arnault will replace Elon Musk as the richest person in the world for the first time in 2022. He will become CEO of the world‘s largest luxury goods manufacturer, LVMH, which owns a number of brands, including Louis Vuitton, Fendi, Christian Dior, Celine.