It has Been Nine Years Since the World’s Richest Individual was Not from the Huge IT Industry

Today’s richest man, Bernard Arnault, established a rather astounding record for himself.

Who is Bernard Arnault?

Bernard Jean Étienne Arnault, a French business tycoon, financier, and art collector, was born on March 5, 1949.

He is a co-founder, chairman, and CEO of the largest luxury goods firm in the world, LVMH Mot Hennessy – Louis Vuitton SE. According to Forbes, Arnault and his family’s estimated net worth as of December 2022 was US$186.5 billion, making him the world’s richest person.

He married Canadian concert pianist Hélène Mercier in 1991, and the two of them had three children: Alexandre, Frédéric, and Jean. He first married Anne Dewavrin in 1973; they had two children together, Delphine and Antoine, before divorcing in 1990. Paris is the home of Mercier and Arnault.

Technological Giants

The French business magnate momentarily overtook Elon Musk, the self-described “Chief Twit,” as the richest man in the world on Wednesday (7 December).

With a personal net worth of $184.7 billion as of this writing, Arnault, the chief executive of LVMH, the parent company of luxury brand Louis Vuitton, came out on top of Forbes’ real-time list of the world’s wealthiest people.

With a personal worth of $185.8 billion, Musk quickly overtook Arnault to reclaim the top spot after he briefly held it.

Even though Arnault’s lead was short-lived, it was the first time in nine years that the title of richest person in the world had not been held by a member of a major tech corporation.

The last time this occurred was in 2013, when Forbes released its list of the world’s richest people.

Carlos Slim is the owner and chairman of the Mexican multinational corporation Grupo Carso as well as the cellular firm América Móvil.

At the age of 73 and at the top of the Forbes list for the fourth year running, Slim had a net worth of $73 billion.

With an estimated net worth of $53.5 billion, he just beat over Microsoft’s Bill Gates to become the world’s richest man for the first time in 2010.

Slim maintained his top spot for the 25th annual Forbes list of the world’s billionaires, which was released in 2011. He added the most money to his fortune, $20.5 billion, and continued to be ranked first with a total wealth of $74 billion.

A $18 billion gap was also created between him and Gates.

Gates’ net wealth increased to $61 billion in 2013, whereas Slim and his family’s net worth decreased to $69 billion. The places stayed the same.

The telecoms tycoon, who had a staggering $72 billion net worth in 2014, dropped to second place. He was surpassed by Gates, whose net wealth increased by $9 billion during 2013 to reach $76 billion.

According to Forbes, Arnault and his family are currently worth an astounding $184.7 billion.

The CEO of Tesla is once again in the lead, although his wealth has decreased by $4.1 billion to $185.8 billion.

The value of Musk’s Tesla shareholding decreased when investors abandoned shares of the electric car manufacturer because of worry that he would be more focused on his $44 billion acquisition of Twitter, which prompted news of the Forbes chart switcheroo.



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