Bernard Arnault surpasses Larry Ellison to become world's fourth richest person
businessinsider.com — January 17, 2025, 05:01 PM UTC
Bernard Arnault, CEO of LVMH, has become the world's fourth richest person, surpassing Larry Ellison. He gained $15 billion in one day, bringing his total net worth to approximately $190 billion, following a 9% rise in LVMH stock. This surge in wealth comes as LVMH's stock increased after rival Richemont reported strong earnings, indicating a rebound in luxury demand. Arnault's wealth growth in 2025 has outpaced other billionaires, including Elon Musk and Mark Zuckerberg. Despite his recent gains, Arnault's net worth is still significantly lower than Musk's $439 billion. The overall wealth of the world's ten richest people increased by over $500 billion in 2024, reaching a total of more than $2 trillion.