Bernard Arnault

French luxury businessman Bernard Arnault is poised to see a significant drop in his fortune, potentially by several billion dollars. Nearly half of Arnault’s wealth is tied to his stake in LVMH-Moët Hennessy Louis Vuitton (OTCPK: LVMHF), which saw a nearly 5% decline in over-the-counter...

Jeff Bezos and Bernard Arnault, the titans behind Amazon and LVMH, respectively, are the world's wealthiest individuals, boasting a combined fortune of approximately $400 billion. While both have carved out their empires, their paths to immense wealth are distinct from one another, as...

A fierce rivalry between the CEOs of Tesla Inc (NASDAQ:TSLA) and Meta Platforms Inc (NASDAQ:META) almost saw the billionaires settle their differences with a cage fight. While the cage fight never took place, the two rivals continue to battle, but mostly in terms of stock performance and wealth....

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has fallen to the third spot on the list of the world’s richest people, just weeks after holding the number two position. This shift is largely due to a slump in Tesla’s stock price this year. Electric Struggles: Tesla has been...

The founder of Amazon Inc., Jeff Bezos, has once again claimed the title of the world’s wealthiest individual, surpassing Tesla Inc. CEO Elon Musk on Monday. What Happened: Bezos’s net worth rose to $200 billion, overtaking Musk’s $198 billion. Bezos, the Amazon founder, expanded...

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF), the French multinational luxury goods conglomerate, is making a significant move in the global luxury watch market. The company has launched a new watch division and introduced a range of high-end models. What Happened: LVMH is aiming to capture a...

Shares of Meta Platforms Inc (NASDAQ:META) hit all-time highs Friday after the company reported fourth-quarter financial results that were better than expected by analysts. The surging stock price has increased the wealth of Meta CEO Mark Zuckerberg. What Happened: Meta beta revenue and earnings...

A strong stock market in 2023 helped boost the wealth of the world's richest people. However, a new report shows that most people are working longer hours for less money. What Happened: According to Oxfam, the top five richest people gained 114% in wealth over the past three years. The five...

Billionaire Elon Musk regained the title of world's richest person to end the 2023 year, after a move back to first place in February and again in May. Musk and the other nine richest people in the world all saw their wealth grow dramatically in 2023 thanks to a strong stock market and soaring...

A startup backed by the world's second richest person, Bernard Arnault, can detect if that Louis Vuitton bag you have your eyes on is fake or real. What Happened: Entrupy, backed by LVMH Moet Hennessy Louis Vuitton SE (OTCPK: LVMHF), claims that it can detect whether that pre-owned luxury bag you'...

The rich have gotten richer in 2023 and Elon Musk is once again the richest person in the world after briefly being passed in 2022 and a portion of 2023. Here's a look at how much the top ten billionaires are currently worth and how their wealth has increased in 2023. What Happened: Elon Musk was...

The stock market saw a decline in 2022 with the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY), falling 19.2%. This decline marked the worst performance for the S&P 500 since 2008 and sent the wealth of the richest people in the world down. With stocks...

Amazon.com, Inc.‘s (NASDAQ:AMZN) second-quarter earnings report has driven Jeff Bezos’ fortune by $11 billion, solidifying his status as one of the world’s richest people.  What Happened: The e-commerce behemoth’s earnings report, released after the closing bell on...

Tesla, Inc. (NASDAQ:TSLA) shares slumped nearly 10% Thursday following the electric vehicle pioneer's earnings. What Happened: The Tesla stock plunge wiped off roughly $90 billion off the company's market capitalization. The negative reaction was despite the second-quarter top- and bottom-line...

After posting its worse stock performance since going public in 2010, shares of Tesla Inc (NASDAQ: TSLA) have rebounded in 2023. Here’s a look at the impact of the Tesla stock surge in 2023 and the impact it has on the wealth of its CEO Elon Musk. What Happened: So far this year, Musk added...