LVMH founder Bernard Arnault is no longer the richest man in the world.

LVMH founder Bernard Arnault is no longer the richest man in the world. When it comes to billionaires Arnault is now behind Elon Musk ($270 billion) and Jeff Bezos ($215 billion) on the Bloomberg Billionaires Index. He has seen his net worth plummet this year, part of a larger downturn in the luxury market that has caused billionaires in the field to lose a collective $24 billion in 2024 so far. Arnault himself is down $10.8 billion year to date, with his wealth sitting at $197 billion.

Last local news

Evening Update Friday 28 November 2025

President Macron has announced a ban on mobile phones in French high schools. Evening Update Friday 28 November 2025 Read More

28/11/2025

French and Riviera News Friday 28th November 2025

French gendarmes have issued a new appeal for information as the investigation into the killing of Karen Carter enters its seventh month with no major... French and Riviera News Friday 28th November 2025 Read More

28/11/2025

Evening Update Thursday 27 November 2025

President Macron has confirmed that voluntary national service will be introduced in France Evening Update Thursday 27 November 2025 Read More

27/11/2025

French and Riviera News Thursday 27th November 2025

The French government has suspended a planned rise in property tax until next spring, Prime Minister Sébastien Lecornu told the Senate on Wednesday. T... French and Riviera News Thursday 27th November 2025 Read More

27/11/2025

French and Riviera News Wednesday 26 November 2025

A homeless man accused of firing a shot which seriously injured another homeless person in Nice has appeared in court. The man in his fifties claimed ... French and Riviera News Wednesday 26 November 2025 Read More

25/11/2025