unilad homepage
  • News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
World's new richest man made $38,000 a minute in six years to secure title

Home> Celebrity

Updated 18:26 8 Dec 2022 GMTPublished 18:15 8 Dec 2022 GMT

World's new richest man made $38,000 a minute in six years to secure title

Bernard Arnault has overtook Elon Musk as the richest person in the world

Anish Vij

Anish Vij

google discoverFollow us on Google Discover
Featured Image Credit: REUTERS / Alamy Stock Photo / sgaudard / Alamy Stock Photo

Topics: Money, Business, Elon Musk

Anish Vij
Anish Vij

Anish is a Journalist at LADbible Group and is a GG2 Young Journalist of the Year 2024 finalist. He has a Master's degree in Multimedia Journalism and a Bachelor's degree in International Business Management. Apart from that, his life revolves around the ‘Four F’s’ - family, friends, football and food. Email: [email protected]

X

@Anish_Vij

Advert

Advert

Advert

While most of us are stuck in the conundrum of 'needing to save money' and 'only living once', here's a gentle reminder that the new richest man in the world makes around $38,000 (£31,058) a minute.

Fashion tycoon Bernard Arnault overtook Elon Musk as the world's richest person on Wednesday (7 December).

The Twitter CEO jumped back up to first place, only to then fall back down to second.

It really is hard to keep up.

Advert

All we can confirm is, at the time of writing, Forbes' 'Real-Time Billionaires List' states that Bernard Arnault & Family currently sit in first place with $186.2 billion, as Musk's net worth drops by 1.38 percent to $182.8 billion.

Frenchman Arnault has a successful ownership stake in Louis Vuitton Moet Hennessy which reportedly brought in $17 billion in revenue during its first quarter of 2021 - a 32 percent increase from the same quarter of the prior year.

The company also owns the likes of Fendi, Givenchy, Marc Jacobs, Bulgari and Tiffany & Co.

Although it seems that the global covid pandemic worked in Arnault's favour.

When the world reopened and travel restrictions were lifted, the company brought in record revenues, with people itching to spend their hard-earned money.

Fashion tycoon Bernard Arnault briefly overtook Elon Musk as the world's richest person on Wednesday (7 December).
ZUMA Press, Inc. / Alamy Stock Photo

As one would expect, Elon Musk's fall to second place prompted a unsympathetic response from social media.

"If anyone have ever been worthy of the title 'Number 2' it's definitely Elon!!" one person joked.

"Anyway, he is not poor," said another, while a third added, "Poor guy. He must be heartbroken. Where do I send the $8?"

Not everyone was quite so scathing, a another person who said: "Elon Musk would still be the richest man on earth right now if he didn’t spend 44 billion on Twitter to save free speech.

"He did that for us!"

Musk purchased Twitter, earlier this year, for a whopping $44 billion (£38 billion).

At the time, he tweeted: "I wanted to reach out personally to share my motivation in acquiring Twitter. There has been much speculation about why I bought Twitter and what I think about advertising. Most of it has been wrong.

"The reason I acquired Twitter is because it is important to the future of civilisation to have a common digital town square, where a wide range of beliefs can be debated in a healthy manner, without resorting to violence.

"There is currently great danger that social media will splinter into far right wing and far left wing echo chambers that generate more hate and divide our society."

Choose your content:

7 hours ago
8 hours ago
10 hours ago
11 hours ago
  • Photo by Mike Coppola/Getty Images for SiriusXM
    7 hours ago

    Kylie Kelce reveals how she honestly feels about postpartum sex in candid discussion

    Kylie Kelce got honest about her sex life after having four children

    Celebrity
  • Jason LaVeris/FilmMagic
    8 hours ago

    Josh Duhamel recalls marriage to Fergie and what it was like with sad admission

    Josh Duhamel admitted to feeling in Fergie's shadow at times

    Celebrity
  • X/Druski
    10 hours ago

    Comedian Druski sparks backlash after dressing as 'Erika Kirk' in shocking skit

    Druski appears to have used specific clips of Erika Kirk as inspiration for his skit

    Celebrity
  • Dave Benett/Getty Images for Harper's Bazaar UK
    11 hours ago

    New Harry Potter Snape actor Paapa Essiedu receives death threats after casting

    The actor described the types of messages he sees when he opens social media

    Celebrity
  • Elon Musk officially loses title as world’s richest person
  • Elon Musk reaches huge milestone after officially reclaiming world’s richest person title
  • Elon Musk is officially the world’s richest person again
  • How the world's 10 youngest billionaires made their fortunes