For the first time a European has risen to the top of the annual ranking of the richest people in the world. This is Frenchman Bernard Arnault, who welcomed the new year in first place on Bloomberg’s list. He dethroned Elon Musk after the eccentric innovator lost more than $100 billion when his company’s stock plummeted. Over the past year, the world’s 500 richest have lost a total of nearly $1.5 trillion.
Bernard Arnault is the president of one of the largest luxury goods companies in the world. The 73-year-old French tycoon rarely appears in the spotlight, he doesn’t even have a Twitter account. Though his fortune will decline by $16 billion in 2022, Arno topped Bloomberg’s annual rankings with assets of more than $160 billion.
According to experts, the reason for this is the persistence of consumer demand for high-quality products after the COVID-19 pandemic. It is the Arno companies that offer a selection of luxury clothing, bags, shoes, jewellery, beverages and other goods. However, the situation with the former leader of the standings – Elon Musk – is different.
Musk is the record holder for falling wealth
“Elon Musk is spending more and more time on Twitter. The problems seem to be piling up, with legal issues over unpaid debts to partners coming to light. And this confuses Tesla investors because they feel it is not paying the company the attention it is. needs,” said Suzanne Streeter, senior analyst, Hargreaves Lansdown.
The uncertainty on Twitter has had a huge impact on Musk. In 2022, he lost an estimated $133 billion in net worth.
A positive variation, on the other hand, is reported by the Indian Gautam Adani, which rises by about 44 billion. His companies are involved in energy, transportation and mining.
Computer tycoon Bill Gates ranks fourth on Bloomberg’s list. He himself says he is ready to give up his wealth for charity, given that the billionaire has already given away more than 50 billion dollars.
Bill Gates – the largest donor for 2022
Investor Warren Buffett is in fifth position with a fortune of $107 billion – with the same asset, but one position down due to greater losses is Jeff Bezos, founder of one of the largest online trading platforms. He fell out of the top 5 after the divorce, the end of the pandemic and the recovery of physical stores.
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