Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH (LVMH.PA), and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.
Elon Musk is the wealthiest man on the planet. But who is responsible for managing his finances and his infamous controversies? It is Jared Birchall, Musk's go-to guy. Birchall is the CEO of Neuralink, Managing Director at Family Office, and Executive Director of The Boring Co. But how did he end up working for Musk? Tune into this video for all these details.
An equity injection of this size is expected to help the conglomerate deleverage and Bloomberg Intelligence sees a successful equity raise across the group supporting the companies’ dollar bonds.