Larry Ellison surpasses Bernard Arnault in billionaire rankings after LVMH decline
marketwatch.com — January 29, 2025, 11:01 AM UTC
Larry Ellison has surpassed Bernard Arnault in the billionaire rankings. This change follows LVMH Moet Hennessy's weaker financial results compared to other luxury brands. Arnault and his family lost $11 billion, while Ellison gained $6 billion. Forbes updated its billionaire calculations on Tuesday, reflecting these shifts.