Richer Than Elon Musk, He Bought Tiffany at a Tough Time. He’s Got a Gem Now.

There’s a reason Bernard Arnault is the world’s richest person. The chairman, CEO, and controlling shareholder of LVMH Moët Hennessy Louis Vuitton the world’s largest luxury-goods merchant, knows how ...

The Valuation Game: SpaceX Soars as Elon Musk Slips to No. 2

Quiet weeks are rare in Elon Musk’s world. This past Monday, Bloomberg reported that Musk was raising funds for his space company, SpaceX. At $77 a share, the offer would lift Space X’s valuation 12%,...

Who Replaces Elon Musk if He Drops Another Notch on the Rich List

Elon Musk’s wealth has taken a beating lately, making him only the world’s second-richest person. More declines could place him in third in a shift that would highlight how vast wealth can be found in...

Ferrari’s Family Car: 4 Seats, 1 Trunk—and 800 Horsepower

Illustration by Elias Stein Text size It took a while, but Ferrari has a family car, with four doors and four seats. The iconic Italian sports-car maker, famed for its black “prancing horse” logo, rec...