According to Forbes' real-time billionaire rankings, Arnault and his family's net worth increased by US$23.6 billion on the 26th, reaching US$207.8 billion, surpassing Musk's US$204.5 billion worth of assets and becoming the world's richest man. On January 28, according to Forbes

According to Forbes' real-time billionaire rankings, Arnault and his family's net worth increased by US$23.6 billion to US$207.8 billion on the 26th, surpassing Musk's US$204.5 billion worth of assets and becoming the world's richest man. .

html On January 28, according to Forbes rankings, Arnault, chairman and CEO of LVMH Moët Hennessy Louis Vuitton (LVMH), a leading luxury brand, once again surpassed Tesla CEO Elon Musk to become the world's richest man. As of now, Arnault and his family have a net worth of US$207.6 billion (approximately RMB 1.49 trillion), ranking first on the Forbes Global Rich List, followed by Musk with a net worth of US$204.7 billion, followed by Jeff Besso Sri Lanka ranked third.

Forbes reported that since the 21st, lvmh’s stock price has experienced multiple rounds of increases, bringing huge benefits to Arnault himself, family members and other shareholders. In the same week, shares of Musk’s Tesla Group suffered a sharp decline.

At the same time, on January 25, Tesla (TSLA) fell 12.13%, and its market value evaporated by US$80 billion overnight. As of the close of US stocks on the 26th, Tesla closed at US$183.25, with a total market value of US$582.5 billion.

html On January 25, Tesla released its fourth quarter financial report for 2023. Although total revenue for the year increased by 3%, net profit decreased by 39% year-on-year, and its gross profit margin was only 17.6%, which was lower than analyst predictions. . Throughout 2023, Tesla's total revenue increased by 19%, but the growth rate slowed down compared to the previous two years, and operating profit fell by 35%. Increasing revenue does not increase profits, and gross profit margins continue to decline. This is Tesla's current situation. According to

information, the 74-year-old Arnault was born in Paris, France, and is currently a French national. After graduating from university, Arnault devoted himself to the clothing and luxury goods market and successively controlled famous companies in the fashion industry such as Dior and lvmh. After his integration, lvmh owns well-known luxury brands such as LV, Fendi and Dior, and has launched new businesses such as high-end restaurants and hotels.

Source: Morning News