The rise in value of a luxury goods company has catapulted its CEO further up the world’s richest list. Here’s a look at how much Bernard Arnault worth it now.

What happened: Bernard Arnault is a legend in the fashion and luxury goods industry CEO and Chairman of LVMH Moët Hennessy Louis Vuitton LVMUYLVMHF.

Over the years, thanks to the rising value of LVMH, Arnault has climbed the rankings of the world’s richest people.

The rise of Tesla CEO Elon Muskhowever, knocked Arnault off the list before he overtook Musk towards the end of 2022. after a narrow second place Position behind Musk in early 2023 is Arnault back up the Bloomberg billionaires List and has sovereign leadership.

Arnault has a listed fortune of $212 billion, making him the richest person in the world. Musk is closest to Arnault at $180 billion.

This year, Arnault has increased his fortune by $49.7 billion, one of the biggest gains on the list.

Even more incredible is that Arnault is worth more than the combined fortunes of several notable people.

With a net worth of $212 billion, Arnault is currently worth more than that Amazon founder jeff bezos ($127 billion) and meta platforms co-founder Mark Zuckerberg ($81.4 billion) combined. Bezos and Zuckerberg rank third and thirteenth, respectively, on the billionaire list.

Musk saw his fortune soar to over $250 billion in 2021. At some point in 2021, he was Tesla CEO worth more than the combination Value of every MLB, NBA, NFL and NHL team combined.

Musk too set an unfortunate Guinness World Record for the biggest wealth loss on record in 2022, when Tesla shares plummeted.

Related link: French fashion giant LVMH enters top 10 in the world

Why it matters: LVMH stock has skyrocketed in value, up 42% over the past year. The stock hit all-time highs recently and is showing no signs of slowing down following the release of its first-quarter results.

In the first quarter, LVMH saw sales increase 17%…