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

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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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