LVMH CEO Bernard Arnault has just bumped Elon Musk from the top spot.
Arnault's net worth sits at a whopping $170.8 billion, just above the SpaceX CEO’s fortune of $163.3 billion, which at one point sat at $430 billion.
The 73-year-old Arnault owns 48% of LMVH, which he bought in 1989.The luxury goods group currently owns 75 brands, including Givenchy, Fendi, and Stella McCartney.This article first appeared on CapeTalk :
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