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Bernard Arnault Retains His Position as the World’s Richest Person in 2024

Bernard Arnault, the CEO of LVMH, remains the wealthiest person globally as of May 1, 2024. According to Forbes’ real-time billionaire tracker, Arnault has held this prestigious position since February 2024, maintaining a lead over other wealthy individuals. Elon Musk, the dynamic entrepreneur behind Tesla, SpaceX, and X (formerly Twitter), trails closely behind Arnault.

 

The competition for the top spot has seen recent fluctuations. In April 2024, Jeff Bezos, the founder of Amazon, briefly overtook Musk to claim second place. However, this was short-lived as Musk reclaimed the position following a notable 15% increase in Tesla’s stock value on April 29, 2024, which boosted his net worth by $14.5 billion.

 

Musk’s continued efforts to expand Tesla’s reach in the electric vehicle market, especially in China, have bolstered his financial standing. Yet, despite his progress, Arnault maintains a clear lead, with a net worth of $209.4 billion—around $10 billion more than Musk’s current fortune of $199.6 billion.

 

However, Arnault’s company, LVMH, experienced a setback in the last month when its stock value dropped, resulting in a $17 billion loss to Arnault’s wealth. Despite this, his status as the world’s richest individual remains secure, and his dominance in the luxury goods sector continues.

 

Bezos, now in third place, has a net worth of $193.3 billion. Meanwhile, Mark Zuckerberg, the CEO of Meta, holds fourth place with a fortune of $151.2 billion. The rankings show the competitive nature among the world’s wealthiest, with figures shifting in response to market dynamics and individual business developments.

 

Microsoft co-founder Bill Gates, who once held the title of the world’s richest person for nearly three decades, is currently in ninth place, with a net worth of $127 billion. This is a drop from his seventh position just a month ago, reflecting the changing landscape of global wealth.

 

Notably, as of May 1, 2024, Francoise Bettencourt Meyers of France is the wealthiest woman in the world. With an estimated fortune of $95.4 billion, she ranks as the 15th richest person globally. Meyers’ wealth stems from her significant ownership stake in L’Oréal, the world’s largest cosmetics company, which she inherited from her mother. Her grandfather, Eugène Schueller, founded L’Oréal, and her family continues to play a significant role in the company’s operations.

 

The Forbes list also highlights other key figures among the world’s wealthiest:

 

1. Bernard Arnault

– Net worth: $209.4 billion

– Source: LVMH/luxury goods

– Age: 75

– Residence: Paris

– Citizenship: France

 

2. Elon Musk

– Net worth: $199.6 billion

– Source: Tesla, SpaceX, X (Twitter)

– Age: 52

– Residence: Austin, Texas

– Citizenship: U.S.

 

3. Jeff Bezos

– Net worth: $193.3 billion

– Source: Amazon

– Age: 60

– Residence: Miami, Florida

– Citizenship: U.S.

 

4. Mark Zuckerberg

– Net worth: $151.2 billion

– Source: Meta (Facebook)

– Age: 39

– Residence: Palo Alto, California

– Citizenship: U.S.

 

5. Larry Ellison

– Net worth: $142.8 billion

– Source: Oracle

– Age: 79

– Residence: Woodside, California

– Citizenship: U.S.

 

6. Larry Page

– Net worth: $135.4 billion

– Source: Google

– Age: 51

– Residence: Palo Alto, California

– Citizenship: U.S.

 

7. Warren Buffett

– Net worth: $131 billion

– Source: Berkshire Hathaway

– Age: 93

– Residence: Omaha, Nebraska

– Citizenship: U.S.

 

8. Sergey Brin

– Net worth: $129.9 billion

– Source: Google

– Age: 50

– Residence: Los Altos, California

– Citizenship: U.S.

 

9. Bill Gates

– Net worth: $127 billion

– Source: Microsoft, investments

– Age: 68

– Residence: Medina, Washington

– Citizenship: U.S.

 

10. Steve Ballmer

– Net worth: $117.1 billion

– Source: Microsoft, Clippers, investments

– Age: 68

– Residence: Hunts Point, Washington

– Citizenship: U.S.

 

These figures illustrate the dynamic nature of global wealth distribution, driven by market trends, economic developments, and strategic business decisions. The fortunes of these individuals are subject to change, reflecting the volatile yet rewarding nature of the industries they dominate.

 

As the world continues to witness shifts in market dynamics, it remains to be seen how these wealthy individuals will navigate their businesses and investments to maintain or improve their standings. For now, Bernard Arnault remains at the pinnacle, a testament to his enduring influence in the luxury goods market.

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