Copyright © BusinessAMBE 2023

French tycoon Bernard Arnault, the top executive of luxury group LVMH, may once again call himself the richest person in the world, according to the billionaire list compiled by news service Bloomberg. Although that could soon change again.

In the news: Leapfrog at the top of Bloomberg's billionaire ranking.

  • Barely days after Jeff Bezos climbed the top step by overtaking Tesla and SpaceX boss Elon Musk, the Amazon founder himself is being overtaken again.
  • Bernard Arnault 's fortune is estimated at $197 billion, compared with 196 billion for Bezos and 189 billion for Musk. The Frenchman was previously the world's richest man.

More context: So it's a neck-and-neck race just below the magic $200 billion mark (which was previously exceeded), with daily fluctuations in the stock prices of LVMH (Arnault), Amazon (Bezos) and Tesla (Musk) likely to change the rankings.

  • Whether they are awake to it remains to be seen. Their assets fluctuate purely on paper, as long as the super billionaires don't actually make sales.
  • But that they are at it proved Musk's yen toward Bezos in 2021.
  • Bezos recently wanted butter and cashed in $8.5 billion worth of Amazon shares.
  • There was speculation in recent days about Musk's financial support for presidential candidate Trump. But on "his" X, he stressed that he will not donate to either Trump or Biden.

Upcoming: The biggest riser at the top of the billionaire list is in place four: Mark Zuckerberg, thanks to Meta's stock market climb, saw his virtual worth rise by a sloppy $50 billion already this year, topping the charts with $178 billion in assets.

© The Content Exchange, source News