Arnault now trails world’s No. 1 richest Elon Musk, the CEO of Tesla and owner of Twitter, by a bit less than $5 billion.
Meanwhile, tech rival Mark Zuckerberg saw his fortune increase $6.3 billion over the past week largely thanks to the success of Meta’s Threads app, launched last week as a competitor to Musk’s Twitter. Following a $2.6 billion drop in his fortune the prior week, Zuckerberg rebounded as Meta’s share price achieved a 52 week high of $313.41 on Thursday.
Crypto billionaires had a good week too, though none moreso than Brian Armstrong, CEO of Coinbase Global. The crypto exchange platform closed Friday up 33% for the week. For that, Armstrong has the U.S. court to thank. A U.S. District judge ruled Thursday that blockchain company Ripple did not violate federal securities law by selling its own XRP token.
Here’s how some of the world’s richest fared in the week from Friday July 7 through Friday July 14, 2023:
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