richest person: This is the richest person in US with most kids

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According to Elon Musk, most of his fellow rich people do not have more than one child. Is it true? Let’s find out how his statement contradicts reality.

Frank VanderSloot

Republican donor and wellness business mogul VanderSloot has 14 children. Six from his first marriage and eight from his current wife. They have been married for 26 years. His net worth is $3 billion.

Faris Wilkes

Faris Wilkes has 11 children. The oil giant has a net worth of $1.3 billion. He pastored his congregation, the Assembly of Yahweh, Seventh Day, Texas. Wilkes and his wife, Jo Ann, are active Republican donors who have ties to conservative Christian groups and have donated generously to Donald Trump‘s re-election campaign.

David Duffield

Founder David Duffield and his wife Cheryl have ten children (5 of whom are adopted). His net worth is $9.6 billion.

Jerry Moyes

Jerry Moyes, Founder and activist investor of Trian Fund Management, has ten children with three wives. His net worth is $1.6 billion. Jerry Moyes and his wife Vicki have been married since the 1980s and have ten children. Moyes and his family’s net worth is $1.4 billion.

Richard Schultz

Richard Schultz and his wife Maureen have 10 of his children. His net worth is $3.8 billion. After two marriages, FedEx founder, chairman, and CEO Frederick Smith is the father of 10 children. His net worth is $5.1 billion.

Elon Musk himself was the father of his nine children by three women, and one in
ten of his children died in infancy.

Thus, this proves Elon’s theory that having just one kid is wrong for rich people who usually decide to have just one kid. He is part of the list where the more sounds better.

Bernard Arnault: The rise of the world’s third richest man

Who is ​Bernard Arnault ?

Bernard Arnault is the CEO of the LVMH (LVMH Moët Hennessy Louis Vuitton) empire, which includes 70 fashion and cosmetics companies including Louis Vuitton and Sephora.

Early life

For a CEO in the fashion sector, Arnault’s career path was very unusual. He started off working for his family’s civil engineering firm in the industrial north of France as an engineer and property developer.

Professional career start

By 1984, he had aspirations that went far beyond building, and he started to take over enterprises that he could expand to a global scale through a series of audacious and cunning maneuvers.

Takeover of LVMH

He acquired Boussac, a well-known French conglomerate, in order to acquire The House of Dior, a business it housed, a prize he had long wanted. He used the proceeds from the sales of the majority of the other properties to purchase Mot Hennessy and Louis Vuitton, two renowned French brands that merged to form LVMH in 1987.

Power play that made him infamous throughout Europe

Once inside LVMH, he took advantage of the ongoing rivalry between the two CEOs to gain control before ousting them both.

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