![]() In supplement to its line of electric automobiles, Tesla produces energy storage devices, automobile accessories, and, through its purchase of SolarCity in 2016, solar power systems. Musk became a leading funder of Tesla Motors (now Tesla) in 2004, which led to his current position as CEO of the electric vehicle company. He reinvested a portion of the returns from this startup to create X.com, the online payment system that was sold to eBay and eventually became PayPal Holdings. Two days after enrolling in a graduate physics program at Stanford University, Musk postponed attendance to launch Zip2, one of the earliest online navigation services. ![]() Other Assets: Space Exploration Technologies ($48.9 billion private asset), The Boring Company ($3.33 billion personal asset), Twitter ($11.6 billion private asset).Įlon Musk is the second-richest man in the world and was born in South Africa and attended a university in Canada before moving to the University of Pennsylvania, where he earned bachelor’s degrees in physics and economics.Tesla Ownership Stake: 13% ($51.5 billion).He was invited to invest in LVMH in 1987 and became the majority shareholder, board chair, and company CEO two years later. in 1979.Īrnault remained Férinel’s chair for another six years until he acquired and reorganized luxury goods maker Financière Agache in 1984, eventually selling all its holdings other than Christian Dior and Le Bon Marché. He converted Ferret-Savinel to a real estate company named Férinel Inc. His shares in Christian Dior SE, plus an added 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.Īn engineer by training, Arnault first demonstrated his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. The majority of Arnault’s wealth comes from his enormous stake in Christian Dior SE, the holding company that owns 41.2% of LVMH. LVMH brands include Louis Vuitton, Hennessey, Sephora and Marc Jacobs. Other Assets: Moelis & Company equity ($28.6 billion public asset) and $11 billion in cash.īernard Arnault, French National, is the chair and CEO of LVMH, the world’s biggest luxury goods company.Christian Dior Ownership Stake: 97.5% ($151 billion total).Zuckerberg’s net worth was said to be $53.1 billion in January 2023.īelow are the ten wealthiest people in the world, according to the Bloomberg Billionaires Index all figures are current as of January 26, 2023, The same was the case with Meta Platforms META founder and CEO Mark Zuckerberg, who fell out of the top 10 in February 2022 when the company’s share price dropped after a disappointing earnings report. As a result, of which he lost his number one slot in December 2022, and he became the second-richest person in the world, behind Bernard Arnault. Musk also had to sell considerable shares in Tesla to fund his acquisition of Twitter. However, the net worth of the richest can fluctuate with market valuations since so much of their wealth is in publicly traded stocks for example, Musk saw his net worth skyrocket in 2021 thanks to Tesla’s share price increase, and Tesla shares rose nearly 50% in 2021.Īnd just like that, his net worth dropped in 2022 because of Tesla’s declining share price, of which he holds 13%.
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