Luxury Goods Magnate Emerges World Richest, Elon Musk 2nd

<h4>Luxury Goods Magnate Emerges World Richest<&sol;h4>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that a luxury goods magnate&comma;Bernard Arnault&comma; has emerged world richest&period;<&sol;p>&NewLine;<p>Meanwhile&comma; Twitter boss&comma; Elon Musk&comma; has lost his title as the world&&num;8217&semi;s richest person following a steep drop in the value of his stake in Tesla and a &dollar;44 billion bet on Twitter&period;<&sol;p>&NewLine;<p>In the Forbes list published on Tuesday&comma; &OpenCurlyQuote;The Real-Time Billionaires List’&comma; Elon Musk&&num;8217&semi;s estimated net worth is &dollar;180 billion&comma; down by &dollar;39 billion from the previous year&comma; Due to his &dollar;44billion acquisition of Twitter&comma; which was paid for with Tesla stock&comma; making Musk slip down the list of the world&&num;8217&semi;s billionaires to second place as Bernard Arnault takes the first spot&period;<&sol;p>&NewLine;<p>A French luxury goods magnate&comma; Bernard Arnault&comma; surpassed Musk&comma; to take the title of the world&&num;8217&semi;s richest billionaire&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;20298" aria-describedby&equals;"caption-attachment-20298" style&equals;"width&colon; 281px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-20298" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2023&sol;04&sol;Bernard&lowbar;Arnault&lowbar;2&lowbar;-&lowbar;2017&lowbar;cropped&lowbar;1-281x300&period;jpg" alt&equals;"Luxury Goods Magnate Emerges World Richest" width&equals;"281" height&equals;"300" &sol;><figcaption id&equals;"caption-attachment-20298" class&equals;"wp-caption-text"><em><strong>Bernard Arnault&comma; world richest<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;<p>According to Forbes&&num;8217&semi; calculations&comma; the 74-year-old engineer tops the 2023 billionaires list with a &dollar;211 billion fortune&comma; surpassing Elon Musk&comma; who was placed first in 2022 and is now in second place&comma; by &dollar;31 billion&period;<&sol;p>&NewLine;<p>Born on March 5&comma; 1949&comma; Bernard Jean Arnaults is a French business magnate&comma; investor&comma; and art collector&period;<br &sol;>&NewLine;He is the founder&comma; chairman&comma; and chief executive officer of LVMH Moët Hennessy Louis Vuitton&comma; the world&&num;8217&semi;s largest luxury goods company&period;<br &sol;>&NewLine;Arnault has an estimated net worth of US&dollar;208&period;1 billion as of March 2023&comma; according to Forbes&comma; making him the wealthiest person in the world&period;<br &sol;>&NewLine;His family is also considered one of the richest families in the world&period;<&sol;p>&NewLine;