French luxury businessman Bernard Arnault is poised to see a significant drop in his fortune, potentially by several billion dollars. Nearly half of Arnault’s wealth is tied to his stake in LVMH-Moët Hennessy Louis Vuitton (OTCPK: LVMHF), which saw a nearly 5% decline in over-the-counter shares after earnings fell short of expectations. The tycoon’s losses could now enable Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg to inch further closer to Arnault’s position as the third-richest person in the world, according to Bloomberg’s billionaires ranking. World’s Top 10 Richest Billionaire Rank Name Total net worth 1 Elon Musk $257B 2 Jeff Bezos $206B 3 Bernard Arnault $193B 4 Mark Zuckerberg $170B 5 Bill Gates $159B 6 Larry Page $159B 7 Larry Ellison $154B 8 Steve Ballmer $151B 9 Sergey Brin $149B 10 Warren Buffett $137B Source: Bloomberg Billionaires Index as of July 22, 2024 See Also: Here’s Why Bernard Arnault Ditched Plans To Build A Luxury Hotel In Beverly Hills LVMH Misses Street Estimates In the first half of 2024, LVMH reported revenue of $44.64 billion. It fell short of estimates by about 1.4%. Earnings per share were reported ...