The World's Richest Person Just Lost $11 Billion in a Single Day. Here's How

Elon Musk, Jeff Bezos, Bill Gates, and Warren Buffett are among the world's most well-known billionaires. But Bernard Arnault (and his family) is actually the world's richest person, according to Forbes. However, on May 23, Arnault lost a whopping $11 billion.

With $11 billion, Arnault could have purchased the NFL's Washington Commanders, Beyonce and Jay-Z's new California home, a ticket to space with Virgin Galactic, the Hope Diamond, and still had billions of dollars left over. 

Don't feel too bad for Arnault -- what lowered his net worth is the same force that made him the world's richest person. And he can easily regain his lost billions by doing one simple thing.

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Source Fool.com