Bernard Arnault has widened his lead over Elon Musk as the world’s richest person, with shares in his French luxury company rallying this week. It’s because of China.
Arnault, chairman and CEO of
LVMH
Moët Hennessy Louis Vuitton, or
LVMH
(ticker: MC.France), has seen his wealth balloon by almost $48 billion this year, with a near $12 billion jump in the past day alone, according to the Bloomberg Billionaires Index. He is now worth $210 billion, well above the $180 billion that
Tesla
(TSLA) CEO Elon Musk—once the world’s richest—can count as his net worth.
Source: https://www.barrons.com/articles/bernard-arnault-elon-musk-net-worth-richest-cb2ded3d?siteid=yhoof2&yptr=yahoo