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The richest people in the world had a rough year. The reason: falling stocks and rising interest rates. But this is whining at a high level. Because during the Corona crisis, the super-rich even managed to double their fortunes. “For billionaires, the epidemic is like a gold rush,” says an expert in the “Forbes” business magazine.
For the first time, a Frenchman has become the world’s richest man: Bernard Arnault (74), president of luxury goods giant LVMH, responsible for, among other things, luxury brands Louis Vuitton and Dior. It’s worth $226 billion.
Elon Musk has to bite
Tesla founder and Twitter CEO Elon Musk (51) came in second with $194 billion in assets. For a short time, the head of the space company SpaceX again became the richest person in the world. Because Tesla shares managed to rise significantly at the beginning of the year. But the Twitter takeover was really expensive.
In third place is an old acquaintance: Jeff Bezos (59). Jeff Bezos, the founder of Amazon, is growing to a fortune of $125 billion. It took advantage of the booming online commerce during the Corona crisis. Bezos was the first person to exceed $200 billion in fortune. (be)
Source :Blick

I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.