French billionaire Bernard takes up the mantle of “richest man in the world”, his luxury empire LVMH having brilliantly made it through 2023. He thus dethrones Elon Musk, the latter being busy concocting an “all-in-one app”. one” and other grandiose projects, including tourist escapades on Mars. A duel at the top where fashion and luxury dethrone space dreams.
Elon Musk, the failed Dogefather
Elon Musk, the man who freed Twitter’s blue bird to change it to an . In his place is currently the emperor of luxury, French billionaire Bernard Arnault.
“ Bernard Arnault, the billionaire chairman and CEO of global luxury goods company LVMH – the entity behind dozens of luxury goods brands like Louis Vuitton and Sephora – is now the world’s richest man , surpassing Elon Musk. »
Bernard Arnault, the luxury magnate at the head of LVMH, has just dethroned Elon Musk by becoming the richest man in the world. Arnault and his family’s net worth soared to $207.8 billion, surpassing Musk’s $204.5 billion, according to Forbes. This rise is explained by a spectacular increase of $23.6 billion in one day. Meanwhile, Tesla struggled in the stock market with a 13% drop, causing Musk to lose more than $18 billion.
LVMH shares rose more than 13% after announcing major sales. LVMH’s market capitalization, reaching $388.8 billion, surpasses that of Tesla, valued at $586.14 billion. In 2021, LVMH made the largest luxury brand acquisition in history by acquiring Tiffany & Co. for nearly $16 billion. Arnault’s holding company, Agache, also backs Aglaé Ventures, investing in companies such as Netflix and ByteDance.
Is luxury tycoon Bernard Arnault avoiding bitcoin?
Could the throne of Bernard Arnault, king of billionaires, fall to a pro-bitcoin (BTC) heir? Rumors are intensifying that one of his successors, notably one of his children, is leaning towards crypto. The financial world is holding its breath, contemplating a possible dynastic change.
Behind the scenes, Arnault himself is exploring Web3 as a non-fungible token (NFT) holder. The luxury mogul is diving into the digital world, initiating a shift towards the new era of digital assets. Would an ancient empire be influenced by the cryptographic revolution?
For his part, Elon Musk, the eccentric tycoon, is merging his passions for space and bitcoin. With SpaceX, he plans to create a Martian currency. An idea as far away as the red planet, but with Musk, you can expect anything. Stay tuned, cryptonauts, the universe of the defender of Dogecoin (DOGE) has not finished surprising us.
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