Arnault's Wealth Soars to $210 Billion, Leaving Musk in the Dust
French luxury titan’s fortune jumped by $12 billion after LVMH reported sales rose sharply last quarter, fueled by Chinese shoppers.
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Bernard Arnault, the world’s richest person, is solidifying his lead over second-ranked Elon Musk. The luxury tycoon is selling more expensive goods, while the Tesla Inc. founder cuts prices on electric vehicles.
The Frenchman behind LVMH saw his fortune soar by $12 billion on Thursday to almost $210 billion, a record high and his second-biggest single-day rise ever, according to the Bloomberg Billionaires Index. Musk is worth $180 billion after gaining $3.8 billion.