Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.

“The golden age of America begins right now,” Trump proclaimed. For his billionaire backers, it has already begun.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.

Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock. Jeff Bezos, Mark Zuckerberg, Elon Musk ...

While the most talked-about fashion choice was the wide-brimmed accessory that obscured the first lady’s eyes, the most significant moment for the industry was the fact that Bernard Arnault, the CEO of LVMH,

In total, billionaire wealth skyrocketed by $2 trillion, adding more than 200 individuals to this cohort. The accumulation of riches at the very top is going so unchecked that Oxfam estimates there will be five trillionaires within the coming decade.

The crowded dais in the Capitol Rotunda on Inauguration Day featured four of the world’s five wealthiest men, five U.S. presidents, tech titans and business moguls, and two foreign leaders with

The crowd at Donald Trump's inauguration had four of the worlds five wealthiest men, five former presidents, tech titans and business moguls, and two foreign leaders front and center with prime seats.

Elon Musk, Jeff Bezos, and three others are projected to become trillionaires over the next decade, further deepening global inequality as poverty levels remain stagnant.