Why is Bernard Arnault so rich?
Arnault has grown his empire, known as Moët Hennessy Louis Vuitton, or just LVMH, to include around 75 luxury brands under about 60 different subsidiaries, cementing himself as one of the world’s wealthiest business moguls. If his fortune maintains the growth pace, Musk could become the world’s first trillionaire before March 2033. Tesla is not the only company that drives Musk’s half-trillion-dollar fortune.Founded in 1987, LVMH was created by the merging of Moët Hennessy and Louis Vuitton, marking the beginning of a new era in luxury. Bernard Arnault has headed the Group since 1989 and is its majority shareholder with a clear vision: to make LVMH the world leader in luxury goods.Musk becomes world’s first half-trillionaire The milestone further cements Musk’s status as the world’s richest person, well ahead of rivals in the global tech sector.Bernard Arnault, the billionaire CEO of luxury goods conglomerate LVMH, which encompasses renowned brands like Louis Vuitton, has surpassed Elon Musk to become the world’s wealthiest individual.Key Takeaways. Elon Musk, CEO of Tesla, is the richest person in the world, with a net worth of $459 billion. After Musk is Larry Ellison, founder of Oracle.
How did Bernard Arnault lose 54 billion?
Arnault, the founder and CEO of luxury goods conglomerate LVMH, went from being the richest person in the world to the fifth-most after a 20% drop in his company’s stock price, resulting in a $54 billion cut of his net worth. With an estimated net worth of $210. Arnault has overtaken the Tesla CEO, whose fortune is $208. Arnault’s wealth rose $7. Thursday as LVMH’s shares jumped 1.
Why did Elon Musk lose 200 billion?
His loss, which was on paper and due primarily to a drop in Tesla’s share price, amounted to nearly $200 billion. Since that time Musk has recouped his losses and is believed to be the world’s richest man by a considerable margin. Elon Musk, whose wealth has been turbocharged since President-elect Donald Trump’s win last month, became the first person to reach $400 billion in net worth, the latest milestone for the world’s richest individual.Cricketer Virat Kohli leads the list with a brand worth $231. Ranveer Singh is second at $170. Shah Rukh Khan holds third, with a 21 per cent jump to $145.The world’s three wealthiest people are together worth over $1 trillion. Elon Musk, Larry Ellison, and Mark Zuckerberg are so rich thanks to big stakes in their companies. Ellison has nearly doubled his net worth this year thanks to an AI-fueled surge in Oracle stock.Bollywood superstar Shah Rukh Khan has entered the billionaire club with a net worth of USD 1. Taylor Swift, Tom Cruise and Arnold Schwarzenegger, according to an annual list published by the Hurun Research Institute on October 1.While Aditya Chopra did not find a place on Hurun’s list, other reports have put his net worth at around ₹7500 crore. Similarly, Salman Khan, one of the richest actors in Bollywood, also lags behind with a reported net worth of less than ₹3000 crore.
How much does Elon Musk donate?
Sign up here. The donation follows a similar pattern from 2022, when Musk donated Tesla shares worth $1. In 2021, he donated about $5. Musk Foundation, his non-profit organization. The latest donation was worth about $108. In November 2021, Musk became the first person to have a net worth of more than $300 billion. On December 30, 2022, due to declining stock values in Tesla, Musk had lost $200 billion from his net worth, the first person in history to do so, which was recognized by Guinness World Records in January 2023.In March 2024, Bezos briefly overtook Musk’s to become the richest person in the world. Musk’s net worth surged after the 2024 United States presidential election, and in December 2024, he became the first person to have a net worth of more than $400 billion.Elon Musk took a major risk when he had ‘no money’ which led him to become a millionaire at just 27 years old. Musk, now 53, is currently the richest man in the world, with a net worth of more than $428 billion, as per Forbes.The Hurun Rich List 2025 is out — and our Shah Rukh Khan is officially the RICHEST ACTOR IN THE WORLD 💎🔥 with a jaw-dropping $1. BILLION net worth!The net worth of Donald Trump, the 45th and 47th president of the United States, is not publicly known. For decades, Forbes has assessed his wealth, currently estimating it at $5. June 2025. Meanwhile, Bloomberg estimated his wealth at $7. January 2025.
Is Elon Musk 100% owner of Tesla?
CEO Elon Musk is the largest shareholder, with 15. June 30, 2025. Besides Musk, the largest shareholders are asset management companies like Vanguard, BlackRock, and State Street. Elon Musk, Jeff Bezos, and Mark Zuckerberg are among the handful of people in the world with a net worth above $100 billion. Members of this elite group have built 12-digit fortunes by owning vast amounts of stock in some of the world’s most valuable companies.If you invested $10,000 with founder Elon Musk 10 years ago, your stake would be worth $2. That works out to a more than 70% average annual return. The same $10,000 put into the S&P 500 during that time grew just 274% to $37,376. That’s just 14% compounded annually.The net worth of Donald Trump, the 45th and 47th president of the United States, is not publicly known. For decades, Forbes has assessed his wealth, currently estimating it at $5. June 2025. Meanwhile, Bloomberg estimated his wealth at $7. January 2025.
What is Elon Musk’s IQ?
Studies show Musk’s estimated IQ falls between 155-160, which puts him close to Albert Einstein’s estimated range of 160-165. These numbers tell just part of the story though. Einstein changed how we see space, time, and gravity, creating basic principles that still shape modern physics today. The widely reported 155-160 estimate Statistical analysis puts Musk’s IQ within a 95% confidence interval of 154 to 166. This range comes from several factors, including his academic performance at the University of Pennsylvania and comparisons with physics students.Let’s first answer the critical question — Elon Musk’s IQ is around 155. Above-average IQ scores within the range of 145-160 are only reserved for the Highly Gifted IQ classification. For context, it is believed that Albert Einstein had an IQ between 160 to 165.