Billionaire Arnault claims no 1 spot of the world richest person

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Follow for more story <br> Story written by Oreoluwa Paul

Billionaire Bernard Arnault has climbed to the top position as the worlds richest man, surpassing the likes of Jeff Bezos, Bill Gates, Elon Musk, Mark Zuckerberg, Steve Ballmer, and others.

According to Forbes richest list release on Friday

Arnault had lost the position in a time he lost $3billion in 24 hours, dropping from $202billion to $199billion .

In a remarkable rebound, Bernard Arnault reclaimed the title of the wealthiest individual globally, with his fortune swelling by $460 million within a day.

The architect of LVMH Mot Hennessy Louis Vuitton SE, the titan of luxury goods, Bernard Arnault, born on the 5th of March, 1949, is acclaimed for his visionary mergers and a vast array of high-end products encompassing fashion, fine jewelry, timepieces, and premium wines.

Often referred to as The Terminator due to his assertive approach to business, Arnault is equally recognized for his generous contributions to the arts and culture, a commitment embodied by the Louis Vuitton Foundation.

As of March 22, with a staggering net worth of $231.5 billion, Arnaults financial clout and cultural impact have cemented his position at the pinnacle of global wealth.

A closer inspection of the Forbes rankings reveals that hot on his heels are Jeff Bezos, the mastermind behind Amazon, valued at $196.3 billion, and Elon Musk, the driving force of Tesla and X (previously known as Twitter), with assets totaling $193.7 billion.

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