Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
Along with his family, he controls a $155 Billion net worth, according to Forbes.
The yearly increase in consumer spending towards December 2022 saw Arnault vault to the position of world’s richest man.
Nearly a year later, his value has turned the corner, sinking by $7B dollars.
Arnaut, with the exception of Warren Buffet, is the only entrant in the top ten whose fortunes are not tied directly to technology.
