The world’s richest billionaires have experienced incredible gains and losses this year—from Oracle’s Larry Ellison briefly toppling Elon Musk for the top spot before swiftly losing $34 billion, to Bill Gates tumbling down the ranking after philanthropic donations wiped $51 billion from his net worth. Now, after months of turbulence, LVMH’s Bernard Arnault is the latest businessman to rise up the Bloomberg Billionaires Index after his company’s breakout earnings report.
Between October 14 and 15, Arnault’s net worth surged from $173 billion to $192 billion. That is a staggering $19 billion overnight gain.
