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Bernard Arnault has nabbed the title as the highest-net worth individual in the world, a feat that has unseated billionaires Elon Musk and Jeff Bezos from their prior spots and that was fueled by the performance of the French luxury goods giant he helms.

Arnault’s top spot among the wealthiest in the world comes amid LVMH Moet Hennessy Louis Vuitton, the company he has run for decades as CEO, seeing notable growth in recent years. His and his family’s personal fortune — which includes an almost 50% ownership stake in LVMH — was estimated by Forbes in early April to be at $211 billion on its yearly list of the world’s richest people for 2023, compared to $158 billion the prior year.

LVMH SHUFFLES LEADERSHIP AT LOUIS VUITTON, DIOR

As of Tuesday afternoon, Arnault’s net worth was estimated to total $235.7 billion, according to Forbes’ real-time billionaires tracker. 

Bernard Arnault, CEO of LVMH Moet Hennessy Louis Vuitton SE, and Delphine Arnault, executive vice president of Louis Vuitton, leave after the Spring/Summer 2020 collection show for fashion house Louis Vuitton during Men’s Fashion Week in Paris on Jun (REUTERS/Charles Platiau/Files / Reuters Photos)

LVMH’s revenue in 2022 totaled 79.18 billion euros, marking a 23% increase from the 64.215 billion euros posted in the prior year. It reported generating 44.65 billion euros of revenue for 2020.

For group share of net profit, LVMH had a 17% rise year-over-year, going from 12.04 billion euros in 2021 to 14.04 billion in 2022. Its net profit in 2020 was 4.7 billion euros.

In its most recently reported quarter, the luxury goods giant had revenue of 21.03 billion euros, up from 18 billion in first-quarter 2022.

"Europe and Japan, which enjoyed strong growth momentum, benefited from robust demand from local customers and international travelers; the United States, a market which continues to grow, had a steady performance," the company said in its April quarterly earnings release. "Asia experienced a significant rebound following the lifting of health restrictions."

Shoppers wait in line to enter the Louis Vuitton store in Union Square in San Francisco on Dec. 6, 2021. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Over the past 12 months, the value of the LVMH’s stock has seen a nearly 41% jump, trading at roughly $193 on Tuesday afternoon. The company counts Louis Vuitton, Fendi, Christian Dior, Givenchy, Tag Heuer, Bulgari and Tiffany & Co. among its numerous brands. 

As Arnault’s position among the world’s richest rose, Musk, the CEO of Tesla, Twitter and SpaceX, and Bezos, the founder of e-commerce giant Amazon, both saw their net worths decrease by tens of billions of dollars, causing their rankings on Forbes’ 2023 Billionaires List to dip. 

BILLIONAIRES BEZOS, MUSK SLIDE IN FORBES WORLD'S RICHEST LIST

Musk and Bezos each experienced a one-spot drop, with the former taking second-place, at $180 billion, and the latter coming in third, at $114 billion, according to the outlet. On its real-time list, they sat in those same spots, with their net worths on Tuesday afternoon at $187.4 billion and $125.4 billion, respectively.

From left, Jeff Bezos, Bernard Arnault, and Elon Musk. (Annegret Hilse/SVEN SIMON Reuters | Nathan Laine/Bloomberg | Britta Pedersen-Pool)

Forbes noted Musk’s activity on Twitter and Tesla investors reacting to his purchase of the social media platform in connection to his fortune plunging $39 billion year-over-year. Meanwhile, Amazon has seen its share price go down over 30% in a one-year span, something that contributed to Bezos’ change in ranking.

LVMH .

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Arnault and Musk have been trading the "world's richest" title in recent months, as Tesla shares have fluctuated. The Musk-run electric vehicle and clean energy company has quarterly earnings slated for release on Wednesday.

Amazon will put out its latest financial results April 27.Ticker Security Last Change Change % LVMUY LVMH MOT HENNESSY LOUIS VUITTON SE 194.5 +1.23 +0.64%TSLA TESLA INC. 180.59 -3.72 -2.02%AMZN AMAZON.COM INC. 104.30 +2.00 +1.96%

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Jeff Stewart: Actor who played Reg Hollis in The Bill helps police arrest shoplifter

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Jeff Stewart: Actor who played Reg Hollis in The Bill helps police arrest shoplifter

The actor who played PC Reg Hollis in hit TV series The Bill has been praised by officers after helping them arrest a shoplifter.

Jeff Stewart stepped in when a thief attempted to escape on a bicycle in Southampton on Wednesday.

In a statement, a Hampshire Constabulary spokesman said: “The thief, 29-year-old Mohamed Diallo, fell off the bike during his attempts to flee, before officers pounced to make their arrest.

“To their surprise, local TV legend Jeff Stewart, who played PC Hollis for 24 years in The Bill, came to their aid by sitting on the suspect’s legs while officers put him in cuffs.

The Bill actors, from left to right; Jeff Stewart, Roberta Taylor, Mark Wingett, Trudie Goodwin and Cyril Nri
Image:
(L-R) Jeff Stewart, Roberta Taylor, Mark Wingett, Trudie Goodwin and Cyril Nri celebrating The Bill’s 21st anniversary in 2004. Pic: PA

“In policing you should always expect the unexpected, but this really wasn’t on The Bill for this week.”

The Bill was broadcast on ITV between 1984 and 2010 and featured the fictional lives of police officers from the Sun Hill police station in east London.

Mr Stewart, who was among the original cast, appeared in more than 1,000 episodes as PC Hollis.

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Still of police footage of actor Jeff Stewart who played PC Reg Hollis in The Bill helping arrest a shoplifter in Southampton
Image:
Police released footage showing their pursuit of a shoplifter in Southampton. Pic: Hampshire Constabulary

Still of police footage of actor Jeff Stewart who played PC Reg Hollis in The Bill helping arrest a shoplifter in Southampton
Image:
As the suspect falls to the floor, PC Hollis (aka Jeff Stewart) sits on his legs. Pic: Hampshire Constabulary

In praising Mr Stewart’s actions, the force said: “Long since retired from Sun Hill station – but he’s still got it.”

Police from the Bargate Neighbourhoods Policing Team were alerted by staff at a Co-op store in Ocean Way to a suspected shoplifter on Wednesday.

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Mohamed Diallo, 29, of Anglesea Road, Southampton, was subsequently charged with five offences of theft relating to coffee, alcohol and food from the Co-op and two other Sainsbury’s stores on three dates in April and July.

He pleaded guilty at Southampton Magistrates’ Court on Thursday and was bailed to be sentenced on August 29.

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Jeff Stewart: Actor who played Reg Hollis in The Bill helps police arrest shoplifter

Published

on

By

Jeff Stewart: Actor who played Reg Hollis in The Bill helps police arrest shoplifter

The actor who played PC Reg Hollis in hit TV series The Bill has been praised by officers after helping them arrest a shoplifter.

Jeff Stewart stepped in when a thief attempted to escape on a bicycle in Southampton on Wednesday.

In a statement, a Hampshire Constabulary spokesman said: “The thief, 29-year-old Mohamed Diallo, fell off the bike during his attempts to flee, before officers pounced to make their arrest.

“To their surprise, local TV legend Jeff Stewart, who played PC Hollis for 24 years in The Bill, came to their aid by sitting on the suspect’s legs while officers put him in cuffs.

The Bill actors, from left to right; Jeff Stewart, Roberta Taylor, Mark Wingett, Trudie Goodwin and Cyril Nri
Image:
(L-R) Jeff Stewart, Roberta Taylor, Mark Wingett, Trudie Goodwin and Cyril Nri celebrating The Bill’s 21st anniversary in 2004. Pic: PA

“In policing you should always expect the unexpected, but this really wasn’t on The Bill for this week.”

The Bill was broadcast on ITV between 1984 and 2010 and featured the fictional lives of police officers from the Sun Hill police station in east London.

Mr Stewart, who was among the original cast, appeared in more than 1,000 episodes as PC Hollis.

More from UK

Still of police footage of actor Jeff Stewart who played PC Reg Hollis in The Bill helping arrest a shoplifter in Southampton
Image:
Police released footage showing their pursuit of a shoplifter in Southampton. Pic: Hampshire Constabulary

Still of police footage of actor Jeff Stewart who played PC Reg Hollis in The Bill helping arrest a shoplifter in Southampton
Image:
As the suspect falls to the floor, PC Hollis (aka Jeff Stewart) sits on his legs. Pic: Hampshire Constabulary

In praising Mr Stewart’s actions, the force said: “Long since retired from Sun Hill station – but he’s still got it.”

Police from the Bargate Neighbourhoods Policing Team were alerted by staff at a Co-op store in Ocean Way to a suspected shoplifter on Wednesday.

Read more from Sky News:
Hungary bans rappers Kneecap
Tributes paid to Hulk Hogan

Mohamed Diallo, 29, of Anglesea Road, Southampton, was subsequently charged with five offences of theft relating to coffee, alcohol and food from the Co-op and two other Sainsbury’s stores on three dates in April and July.

He pleaded guilty at Southampton Magistrates’ Court on Thursday and was bailed to be sentenced on August 29.

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‘I’ll never shut up’: Fantastic Four’s Pedro Pascal on using fame to highlight issues he cares about

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'I'll never shut up': Fantastic Four's Pedro Pascal on using fame to highlight issues he cares about

Pedro Pascal is everywhere right now.

You walk into the cinema and he’s on most of the film posters there: Fantastic Four: First Steps, Eddington, The Materialists and The Uninvited.

With that level of public attention, you wouldn’t be shocked to see the actor become closed off.

Shielded by a sea of publicists maintaining a studio’s desired image and an influx of influencers replacing film reporters, public figures speaking their mind in Hollywood have become somewhat of a rarity.

Perhaps this is why the delayed yet meteoric rise to fame for Pedro Pascal feels refreshing for his fans.

Pic: Disney
Image:
Pic: Disney

In between self-promotion for his latest projects, the Chilean-American uses his fame to highlight causes he cares about by wearing “Protect The Dolls” T-shirts in public settings, posting about food blockades into Gaza and linking non-profit organisations, Doctors Without Borders and The Trevor Project, on his Instagram account where he has over 11 million followers.

In a time where a single sentence can be taken out of context in a TikTok post or altered to suit a narrative driven by a headline (and yes, the irony of writing this does not go unnoticed), speaking candidly can feel like you’re walking into a trap.

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“I think it’s very easy to get scared no matter what you sort of talk about,” the actor tells Sky News.

“There’s so many different ways that things can get kind of fractured and have a life of itself really.”

He adds: “It’s sort of a business part of the way media can work really. There’s one thing that you can say and no matter what your intention behind it, it is absolutely lost in all of these different headlines, I suppose, but I’ll never shut up.”

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Pedro Pascal arrives at the premiere of "The Fantastic Four: First Steps" in Los Angeles earlier this week. Pic: AP
Image:
Pedro Pascal arrives at the premiere of “The Fantastic Four: First Steps” in Los Angeles earlier this week. Pic: AP

It’s the last line, “I’ll never shut up”, that echoes after our four minute and two second conversation in the midst of a days-long “press run” in London for the release of The Fantastic Four: First Steps.

The 50-year-old knows one misstep in an increasingly reactive media industry can shatter the careers of many. Pascal is aware of the dangers but uses his voice anyway.

It’s that decision that makes him “fantastic”, maybe more so than his role as Dr Richard Reeds in The Fantastic Four: First Steps – a character quite literally weighed down with the worries of the world on his shoulders whilst simultaneously welcoming new life with his wife Sue Storm.

The film, directed by WandaVision’s Matt Shakman, stands alone in its own universe within the MCU and also features Vanessa Kirby, Ebon Moss Bachrach and Joseph Quinn.

The Fantastic Four: First Steps is in cinemas now.

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