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 Tuesday 24 June 2025

A child has died after falling from the 18th floor of a building in Marseille. The tragic incident occurred last night in the 15th arondissement ... Evening Update Tuesday 24 June 2025 Read More

24/06/2025

French and Riviera News Tuesday 24th June 2025

French air traffic controllers have filed a strike notice for the start of the summer holidays, in a dispute over working conditions.... French and Riviera News Tuesday 24th June 2025 Read More

24/06/2025

Evening Update Monday 23 June 2025

The French National Assembly is set to debate the current conflict in the Middle East on Wednesday Evening Update Monday 23 June 2025 Read More

23/06/2025

French and Riviera News Monday 23rd June 2025

French president Emmanuel Macron has held an urgent meeting of his national defence and security council on Sunday evening after the US waded into the... French and Riviera News Monday 23rd June 2025 Read More

23/06/2025

Evening Update Friday 20th June 2025

The porn sites YouPorn, Pornhub, and RedTube have been reactivated in France by their owner, Aylo, after a French court suspended a law requiring age ... Evening Update Friday 20th June 2025 Read More

20/06/2025