CEO Today - January 2023

MONTHLY ROUND - UP According to financial market data provider Refinitiv, he remains the biggest shareholder in the company with a 13.4% stake. BernardArnault, CEOof luxury goods group LVMH, has nowovertaken Elon Musk as the richest person in the world. His net worth sits at $191bn, whilst Musk’s has dropped down to $174bn, according to Forbes. Sam Bankman-Fried Was Arrested in Bahamas The founder of collapsed crypto exchange FTX Sam Bankman-Fried was arrested in The Bahamas and will appear in a magistrate’s court in Nassau on Tuesday 20th December. Police in the Caribbean country say he was arrested for “financial offences” against laws in the USA and The Bahamas. FXT filed for bankruptcy in November, leaving many of the exchange’s customers unable to withdraw their money. The company also owes its 50 largest creditors almost $3.1bn. One of the most serious allegations against the 30-year founder of FTX is that he used billions of dollars of users’ funds to prop up his investment trading company, Alameda. 9

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