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French luxury tycoon Bernard Arnault and his family top the list of wealthiest billionaires — pulling ahead of runners up Jeff Bezos and Elon Musk.

Arnault, the patriarch of the family which oversees the Louis Vuitton Mot Hennessy empire of brands that includes Sephora, Tiffany & Co., Christian Dior and Stella McCartney, boasts a fortune valued at $230 billion as of Monday, according to the Bloomberg Billionaires Index.

The French titan, who is the only non-American on the list of the top 10 wealthiest business leaders, has seen his wealth grow by nearly $23 billion since the start of the year.

Arnault and his family control around half of LVMH, the world’s largest luxury maker which generated $93.2 billion in revenue last year.

Bezos, founder of e-commerce behemoth Amazon, is the second wealthiest person in the world.

His net worth was valued by Bloomberg Billionaires Index at $204 billion.

Bezos derives his wealth from his stake in Amazon, which amounts to around 12% of the company’s outstanding stock — equal to around 880 million shares.

Earlier this year, Bezos sold 50 million shares valued at around $8.5 billion.

His wealth was also boosted by the stock performance of the company he founded.

Since Jan. 1, Amazon’s share price has risen by more than 20% — this despite intensifying competition in e-retail posed by overseas-based upstarts Shein and Temu.

Bezos jumped ahead of Musk on the billionaires list as Tesla’s stock has nosedived by more than 32% since the start of the year.

Musk’s electric car company has been weighed down by sagging demand as well as fierce competition from Chinese-based rival BYD.

Shares of Tesla fell by nearly 5% as of 2 p.m. Eastern Time on Tuesday after the company reported its first annual drop in sales since 2020 — the year that brought about the onset of the coronavirus pandemic.

Tesla said that it built 433,000 cars last year but only managed to deliver 387,000 to customers.

Musk, the 52-year-old who previously reigned as the world’s wealthiest mogul, has been relegated to third on the list with a fortune valued by Bloomberg Billionaires Index at $189 billion.

Aside from his 13% stake in Tesla, Musk also heads the social media platform X as well as rocket-building firm SpaceX, the tunnel-digging Boring Company and the brain chip startup Neuralink.

Since Jan. 1, Musk has seen his fortune drop by more than $40 billion.

Meta CEO Mark Zuckerberg, who is fourth on the list of billionaires, added more than $46.5 billion to his fortune thanks to his company’s robust third-quarter earnings report.

Since Jan. 1, Meta’s stock has jumped by more than 42% — giving Zuckerberg a net worth of $175 billion.

Microsoft co-founders Bill Gates ($154 billion) and Steve Ballmer ($147 billion) and Google co-founders Larry Page ($140 billion) and Sergey Brin ($133 billion) also made the top 10 — as did investor Warren Buffett ($139 billion) and software mogul Larry Ellison ($139 billion).

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Politics

Millionaire former Tory donor defects to Reform

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Millionaire former Tory donor defects to Reform

Millionaire Tory donor Malcolm Offord has defected to Reform UK, saying he would be campaigning “tirelessly” to “remove this rotten SNP government”.

Nigel Farage announced the former Conservative life peer’s defection during a rally in the Scottish town of Falkirk, where regular anti-immigration protests have taken place outside the Cladhan Hotel – which is being used to house asylum seekers.

Mr Farage, Reform UK’s leader, said he was “delighted” to welcome Greenock-born Lord Offord to Reform, describing his defection as “a brave and historic act”.

He added: “He will take Reform UK Scotland to a new level.”

During a speech, Lord Offord, who previously donated nearly £150,000 to the Tories, said he would be quitting the Conservative Party and giving up his place in the House of Lords as he prepares to campaign for a seat in Holyrood in May.

The 61-year-old said he wanted to restore Scotland to a “prosperous, happy, healthy country”.

“Scotland needs Reform and Reform is coming to Scotland,” he told the rally.

Read more:
Nigel Farage dismisses school racism claims as ‘banter in a playground’
Farage allegations are deeply shocking – but will they deter voters?

“Today I can announce that I am resigning from the Conservative Party. Today I am joining Reform UK and today I announce my intention to stand for Reform in the Holyrood election in May next year.

“And that means that from today, for the next five months, day and night, I shall be campaigning with all of you tirelessly for two objectives.

“The first objective is to remove this rotten SNP government after 18 years, and the second is to present a positive vision for Scotland inside the UK, to restore Scotland to being a prosperous, proud, healthy and happy country.”

The latest defection comes as Mr Farage finds himself at the centre of allegations of racism dating back to his time in school.

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Claims made against Nigel Farage

Sky News reported on Saturday that a former schoolfriend of Mr Farage claimed he sang antisemitic songs to Jewish schoolmates – and had a “big issue with anyone called Patel”.

Jean-Pierre Lihou, 61, was initially friends with the Reform UK leader when he arrived at Dulwich College in the 1970s, at the time when Mr Farage is accused of saying antisemitic and other racist remarks by more than a dozen pupils.

Mr Farage has said he “never directly racially abused anybody” at Dulwich and said there is a “strong political element” to the allegations coming out 49 years later.

Reform’s deputy leader Richard Tice has called the ex-classmates “liars”.

A Reform UK spokesman accused Sky News of “scraping the barrel” and being “desperate to stop us winning the next election”.

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World

Paramilitary drone attack in southern Sudan kills at least 50 people, including 33 children

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Paramilitary drone attack in southern Sudan kills at least 50 people, including 33 children

At least 50 people, including 33 children, have been killed in southern Sudan after a drone attack by paramilitary forces hit a nursery in South Kordofan state.

Sudan Doctors’ Network says paramedics on the scene in the town of Kalogi were also targeted by the Rapid Support Forces (RSF) in a “second unexpected attack”.

Rights group Emergency Lawyers reported a “third civilian site” near the previous two attacks was also targeted.

The death toll is expected to be higher, but communication blackouts have made it difficult to confirm the full number of casualties.

Emergency Lawyers says the strikes are a “flagrant violation of international humanitarian law, including the protection of civilians, especially children, and vital civilian infrastructure.”

UNICEF has urged both parties to stop the attacks immediately and allow safe access for humanitarian aid.

“Killing children in their school is a horrific violation of children’s rights,” said UNICEF representative for Sudan Sheldon Yett.

“Children should never pay the price of conflict.”

Read more from Sky News
RSF says it has captured Babanusa in West Kordofan
Sudan ‘epicentre of suffering in the world’
Sudan’s paramilitary forces agree to US-led humanitarian ceasefire proposal

The attack on the nursery is among the latest in the two-year conflict between the RSF and Sudan’s military, where the focus has recently shifted to the oil-rich Kordofan states.

A photo released by UNICEF shows displaced children and families from al-Fashir. (Mohammed Jammal/UNICEF via AP)
Image:
A photo released by UNICEF shows displaced children and families from al-Fashir. (Mohammed Jammal/UNICEF via AP)

Hundreds of civilians have been killed in the last few weeks as fighting shifted from Darfur, following the RSF’s violent takeover of the city of Al Fashir, which was marked with civilians being executed, rapes, sexual assaults and other atrocities.

Thousands managed to escape the violence, but thousands more are trapped or feared killed.

Grab from RSF social media channels in Al Fashir, Sudan
Image:
Grab from RSF social media channels in Al Fashir, Sudan

Meanwhile, Sudanese military aerial strikes last weekend killed at least 48 people, mostly civilians, in South Kordofan.

The RSF has also accused the military of carrying out a drone strike on the border with Chad, posting a video showing billowing black smoke.

The Associated Press has been unable to verify the video or whether there were any casualties, while Sudan’s military also hasn’t commented.

The RSF and the Sudanese military have been fighting for power over the country since 2023, which has seen more than 40,000 people killed, according to the World Health Organisation, although the real death toll is expected to be higher. 12 million people have been displaced.

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UK

England and Scotland fans discover where their opening World Cup games will be played

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England and Scotland fans discover where their opening World Cup games will be played

England and Scotland fans have found out where their World Cup group games will be played when the tournament kicks off in June.

England, who are in Group L, will begin their tournament against Croatia in Dallas at 4pm EST (9pm BST) on 17 June. They will then go on to face Ghana in Boston at 4pm EST (9pm BST) on 23 June and Panama in New Jersey, New York, at 5pm EST (10pm BST) on 27 June.

Scotland are in Group C, and their first match will be against Haiti in Boston at 9pm EST on 13 June (2am GMT the following morning).

They will go up against Morocco also in Boston at 6pm EST (11pm GMT) on 19 June and then Brazil in Miami at 6pm EST (11pm GMT) on 24 June.

Fans are expected to rush to sort their travel and accommodation plans now that they know where and when the matches take place.

Read more: Unapologetically political – a World Cup draw like no other

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England and Scotland learn World Cup fate

Wales and Northern Ireland have yet to find out if they will qualify.

Wales must face a play-off against Bosnia and Herzegovina in Cardiff, then either Italy or Northern Ireland, if they are victorious.

If they beat these play-off opponents, they will secure their place in Group B alongside Canada, Qatar and Switzerland.

However, Northern Ireland will also be vying to guarantee their spot in the same group if they can beat Italy and then either Wales or Bosnia and Herzegovina.

This breaking news story is being updated and more details will be published shortly.

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