Elon Musk dethroned by Bernard Arnault

Xavier Roger


There’s a new No. 1 atop Forbes’ annual World Billionaires List: Bernard Arnault, owner of luxury goods brands such as Louis Vuitton, Christian Dior and Tiffany & Co.

Arnault, who co-founded LVMH in 1987, has overseen an increase in revenue and profits, which has added $53 billion to his fortune over the last year, according to Forbes 25 Richest People in the World, released this week. LVMH added Tiffany & Co. to its portfolio in 2020 and officially closed the deal in January 2021.

This isn’t a big surprise because in December, Arnault had leapfrogged Elon Musk to earn the top spot on Forbes’ real-time billionaires list.  


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