French Tycoon Arnault Overtakes Bezos and Musk as World's Richest Person

French luxury tycoon Bernard Arnault and his family top the Bloomberg Billionaires Index with a $230B fortune, surpassing Jeff Bezos ($204B) and Elon Musk ($189B).

Arnault derives his wealth from the LVMH luxury conglomerate he oversees, which includes brands like Louis Vuitton, Sephora, and Tiffany & Co.

Bezos remains wealthy due to his stake in Amazon, which has seen its share price rise over 20% this year despite increased e-commerce competition.

Musk's fortune has dropped over $40B in 2022 as Tesla stock plummets on sagging demand and fierce rivalry.

Meta's Mark Zuckerberg added over $46.5B to his net worth thanks to strong Q3 earnings, making him the 4th wealthiest person.