Billionaire club switcheroo  

Bernard Arnault (left), founder and CEO of LMVH, has dropped to third place in the league of billionaires as the post-pandemic boom in luxury goods loses steam

NET WORTH OF TOP THREE BILLIONAIRES, 2023 ($ billions)

260
240
220
200
180
160
140
120
100
    Jan Feb Mar Apr May Jun Jul Aug Sep Oct

$234bn
$156bn 
$155bn

Elon Musk
Jeff Bezos 
Bernard Arnault
     
Arnault began 2023 in top spot but tech stocks have outperformed luxury goods like his Louis Vuitton and Moet & Chandon brands

TOP 10 BILLIONAIRES
Name Net worth YTD Change Country Sector
1 Elon Musk $234bn +$96.80bn U.S. Technology
2 Jeff Bezos $156bn +$49.30bn U.S. Technology
3 Bernard Arnault $155bn -$6.95bn France Consumer
4 Bill Gates $125bn +$16.10bn U.S. Technology
5 Larry Page $124bn +$41.40bn U.S. Technology
6 Larry Ellison $123bn +$31.60bn U.S. Technology
7 Sergey Brin $118bn +$38.60bn U.S. Technology
8 Mark Zuckerberg $116bn +$70.70bn U.S. Technology
9 Warren Buffett $116bn +$8.90bn U.S. Diversified
10 Steve Ballmer $116bn +$29.90bn U.S. Technology

 Source: Bloomberg Picture: Getty Images © GRAPHIC NEWS