Arnault, the CEO of the luxury conglomerate LVMH, topped the list in December. Technology companies then had a hard time on the stock market, while LVMH’s share rose sharply.
However, an ailing economy weighs on luxury brands worldwide, especially in key market China. Since April, LVMH shares have already lost 10 percent in value, and that also weighs on Arnault’s personal fortune.
Tesla’s share has risen sharply in the past year, with the result that Musk has also become richer. His wealth is now estimated at $ 192.3 billion (converted about 180 billion euros), Arnault’s at $ 186.6 billion (about 174.6 billion euros).