Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.

A new study from Oxfam projects that five individuals are on track to become trillionaires within the next ten years, amassing fortunes with 13 figures to their names. This projection marks a significant shift from a previous Oxfam report that indicated only one person would reach this milestone within a decade.

“The golden age of America begins right now,” Trump proclaimed. For his billionaire backers, it has already begun.

Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock. Politics 2025-01-17T09:31:01Z Then & now ...

A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.

According to a new study by Oxfam, five individuals are projected to reach trillionaire status within the next decade, each amassing a

A gathering of the world’s wealthiest individuals attended the inauguration, and in a telling gesture, the tech billionaires were seated in front of Trump’s nominated Cabinet.

Among those seated prominently were the three richest men in the world: Elon Musk, Jeff Bezos, and Mark Zuckerberg, with a combined net worth of nearly $900 billion, according to Forbes.

From tech billionaires and top CEOs to foreign diplomats, many distinguished faces were spotted at Donald Trump’s inauguration ceremony.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■