Brief by Shorts91 Newsdesk / 06:27am on 28 Jan 2024,Sunday Business
Bernard Arnault, chairman and CEO of LVMH, has surpassed Elon Musk to become the world's wealthiest individual, according to Forbes. Arnault's net worth soared to $207.8 billion after a $23.6 billion increase, while Musk's stood at $204.5 billion. LVMH's market cap reached $388.8 billion compared to Tesla's $586.14 billion. Meanwhile, Mukesh Ambani ranks 11th with $104.4 billion, and Gautam Adani is 16th at $75.7 billion. LVMH's recent Q4 sales surge and plans for UPI implementation in France were also highlighted. In contrast, Tesla shares tumbled over 12% after Musk warned of slower sales growth.
