Co-Founder, Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group, Bernard Arnault is the richest man in the world again!

LVMH is a Paris-based conglomerate made up of 75 separate brands of mostly drinks, high-end fashion and cosmetics, and is one of the most valuable companies in the world.

The 73-year-old French billionaire has overtaken the Americans to land the Richest Man title. Forbes has estimated Arnault’s fortune to be US$180.2 billion (€169.8 billion), which is nearly US$17 billion more than Musk’s.

This is not his first time as the richest person in the world. He briefly attained the position in 2019, 2020, and again in 2021.