Nov 13, 2024 10:33 AM IST
Elon Musk is the world’s richest individual with a $319 billion internet value, whereas Bernard Arnault of LVMH is the world’s fifth richest, with a $164 billion internet value
Elon Musk, Bernard Arnault met in Paris, France for a lunch meet.
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This pits two of the richest individuals on this planet in opposition to one another in a courtroom battle.
Elon Musk is presently the world’s richest individual with a $319 billion internet value, whereas Bernard Arnault is the world’s fifth richest individual and Europe’s richest, with a $164 billion internet value, in response to the Bloomberg billionaires index.
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Nonetheless, Arnault, who runs manufacturers like Louis Vuitton, Christian Dior and Givenchy, has traded locations with Musk because the world’s richest individual a number of instances over the current years.
Aranult’s fortune fell by $43.4 billion year-to-date in response to the Index. This was primarily attributable to weakening demand for luxurious items from China, an necessary market.
In distinction, Musk’s wealth rose by $90.0 billion year-to-date in response to the Index and plenty of this occurred lately, attributable to Republican candidate and former President Donald Trump profitable the US elections once more this yr (Musk was considered one of his largest supporters).
The lawsuit comes two months after the Paris judicial court docket declared X had to offer industrial information to a bunch of French publishers, together with Télérama, Courrier Worldwide, Le Huffington Publish, Malesherbes Publications and Le Nouvel Obs.
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See extra Information / Enterprise / Europe’s richest man sues Elon Musk’s X over not paying for utilizing his newspapers’ content material: Report