According to Forbes Magazine, Bernard Arnault, is now reportedly the richest man in the world, as he has officially surpassed Elon Musk. His net worth is now 222.5 billion dollars.
Arnault is the current CEO and executive chairman at one of the most popular luxury businesses in the world, Louis Vuitton. According to Yahoo News, he purchased Louis Vuitton in 2021 for a grand total of 15.8 billion dollars.
According to Forbes, Arnault’s father had a very successful construction business which gave Arnault the opportunity to use some of that fortune. Arnault was then able to take fifteen-million dollars from that construction business, to buy the luxury brand Christian Dior.
As of now, Arnault is the owner of several of the most popular luxury clothing brands in the world. This list includes Celine, Bulgari, Fendi, Dior, and of course, Louis Vuitton.
He is also the owner of the popular makeup and skin care brand, Sephora. Arnault is now the first non-American to reach a net worth of over two-hundred billion dollars.