World’s Richest Man Bernard Arnault Now Worth Over $200 Billion

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World’s Richest Man Bernard Arnault Now Worth Over $200 Billion
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The richest person in the world just got richer.

France’s Bernard Arnault saw his fortune top $200 billion Wednesday morning as shares in his luxury goods conglomerate LVMH hit record highs. Only Elon Musk and Jeff Bezos hit the $200 billion milestone in the past before their wealth dropped as their companies’ share prices fell.

Arnault is the chairman and chief executive of LVMH, which owns Luis Vuitton, Tiffany & Co., Christian Dior and over 70 other luxury brands. The 74-year-old’s wealth has increased by $39 billion so far in 2023 as shares in LVMH rose 30 percent.

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