The greatest fortune on the planet seems destined to stay that way. Bernard Arnault, who surpassed Elon Musk in December in the various rankings of the world’s largest wealth, now has a colossal advantage of more than 60,000 million dollars over the Tesla boss.
According to the classification Forbes in real time, the Arnault family fortune now stands at $214 billion, or 40% more than Elon Musk’s. And the gaps are also widening with the other great fortunes of the planet. The inheritance of the founder of LVMH is, therefore, equivalent to that of two famous billionaires, former greatest fortunes in the world: Warren Buffett and Bill Gates. The founder of conglomerate Berkshire Hathaway ($109 billion) and Microsoft ($104 billion) each weigh in at $113 billion, roughly the equivalent of the Arnault empire.
A symbolic comparison that, however, illustrates a paradigm shift among investors. After years of dominance by tech stocks, it is now safe havens like big luxury brands that seem to be the safe haven, especially in the context of the reopening of Chinese markets, which is very important for luxury.
This Tuesday, the capitalization of the giant LVMH has also surpassed that of Tesla by crossing the bar of 400,000 million euros. Bernard Arnault’s group now ranks 14th among the most valuable companies in the world. It is by far the number 1 in Europe, ahead of the Swiss Nestlé (336,000 million dollars) and the Danish pharmaceutical group Novo Nordisk (312,000 million dollars).
In the past six months, LVMH’s price has risen 30% while Apple’s has fallen 8%, Amazon 15%, Alphabet (Google) 16%, Meta (Facebook) 19% and Tesla 45%. % .
Source: BFM TV
