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Bernard Arnault, a French businessman, is reported by WSJ to be richer than Jeff Bezos or Elon Musk. He made his fortune through luxury brands such as Dior and Louis Vuitton. Arnault is the chairman and CEO of LVMH, the world's largest luxury goods company. His family's wealth, estimated at $500 billion, has led to discussions about how it will be divided among his children. Arnault's success story showcases the power of the luxury goods industry.

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