LVMH's Bernard Arnault Falls Out of World's Top 10 Richest People

Bernard Arnault, founder of luxury conglomerate LVMH, has dropped out of the top 10 wealthiest individuals in the world. His net worth declined to $143 billion, according to the Bloomberg Billionaires Index. The fall pushed Arnault below Warren Buffett, the 96-year-old Berkshire Hathaway chairman and renowned philanthropist. Arnault had previously held the title of the world's richest person before this latest decline in his fortune.
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