Categories: Economy

The French magnate, the owner of LVMH, took Elon Musk off the throne of the richest person in the world

Author: GONZALO SOURCES | Reuters

Amancio Ortega climbed 10 places on the Forbes list in just one year and placed himself in the 13th place of the richest

American billionaire Elon Musk (51 years old)maybe the most media prominence He monopolized last year and 2023 so far, because of his business decisions and the money he paid for Twitter, he held the scepter of the richest man in the world for only one year on the Forbes list in 2023. The wealth of 219,000 million euros that he kept in 2022 has been significantly reduced, almost halved , And 180,000 million dollars to keep a lot fall compared to those accumulated from Bernard Arnault (74 years old)French luxury goods magnate who owns the symbolic LVMH, which brings together the companies Louis Vuitton, Christian Dior and Tiffany & Co., among others. The accounts of this 74-year-old Parisian have gained weight in the last 12 months, his wealth in about 53,000 million more to his already powerful account adding $211,000 million to his personal credit. let’s go is richer than everensures publication.

Also nothing went wrong owner of Inditex. Amancio Ortega, which owns 59.2% of the textile multinational’s shares. The jump he experienced, in terms of wealth, on the list of the happiest speaks well of this. Last year, he climbed an incredible ten places to become the 13th richest person in the world (from 23 to 13). Her fashion empire is on the rise, ensures publication. The company’s shares are up 39% over the past 12 months, driven by strong sales; revenues in the year to January 31, 2023 rose 18% to nearly $35 billion, increasing Ortega’s wealth by nearly $18 billion over last year. According to Forbes, his net worth is $77,000 million.

Who hasn’t done well since leaving the highest responsibilities at the helm of Amazon is Jeff Bezos (59 years old). Although it still remains on the pedestal of the three largest fortunes in the worldsince stepping down as CEO of the online shopping giant, his fortunes have suffered. It is 57,000 million poorer than a year ago, the biggest loss of any billionaire, as Amazon shares plunged 38%. He will have less money in his accounts, but he has enjoyed experiences limited only to the wealthiest. Bezos has flown into space through his company Blue Origin, caused a sensation with a nearly complete $500 million superyacht and increased his philanthropy by supporting groups like the Bezos Academy, free preschools and scholarships.

Not that this has been an easy year for technology, but Larry Ellison (age 78), chairman and former CEO of Oraclea corporation specializing in the development of cloud and on-premise solutions from Texas (USA) made good use of this and it was recorded in his accounts increasing his wealth and placing him in the fourth place of the richest in the world. A total of 107,000 million dollars and much of the increase in his wealth is due to Oracle shares rising 10% thanks to good earnings and a focus on security. Ellison bought one of the most expensive houses in Florida last summer for $173 million, expanding his real estate portfolio, including the Hawaiian island of Lanai, where he lives. He resigned from Tesla in August after four years at Musk’s company.

Two thousand million differences divide the wealth Warren Buffett (92 years old) and Bill Gates (67 years old)which occupy 5 and 6 positionwith, that is, on the rich list. It is about 106,000 and 104,000 million for each individual.

His financial and media businesses continue to generate a handsome salary for the tycoon co-founder of Bloomberg LP, Michael Bloomberg. At the age of 81, he has 94,000 million dollars to his credit and is in the seventh place of the richest people in the world.

They close the list of ten billionaires recognized by Forbes as having the greatest wealth in Mexico Carlos Slim Helu (83 years old) and family; the one who is considered the richest in Asia, Mukesh Ambani (64 years old) and close the list Steve Ballmer (67 years old) Ballmer owns the Clippers, the sixth most valuable team in the NBA, although his wealth comes from Microsoft, the company he was CEO of.

Source: La Vozde Galicia

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