LVMH boss once again surpasses Musk to become the world's richest man

According to the latest data from Forbes rankings,Arnault, chairman and CEO of LVMH, the world's largest luxury goods company, once again surpassed Tesla CEO Elon Musk to become the world's richest man.As of now,Arnault has a net worth of $207.6 billion, followed by Musk with a net worth of $204.7 billion.Jeff Bezos ranked third.

Some netizens said: "A person who improves the scientific and technological level of all mankind will lose to a person who sells bags" and "the richest man with the least wealth."

The financial report shows thatIn 2023, LVMH's annual revenue will be 86.2 billion euros, a year-on-year increase of 9%; net profit will be 15.2 billion euros, a year-on-year increase of 8%.

In terms of revenue share, Asia is still LVMH's largest consumer market. Asia, including China (excluding Japan), contributed the highest revenue of 26.707 billion euros, accounting for 31% of the group's revenue, an increase of 1% from 2022.