LVMH CEO Bernard Arnault Becomes The Richest Man In The World
Chairman and CEO of LVMH Bernard Arnault briefly surpassed Amazon‘s Jeff Bezos as the wealthiest person in the world on Monday, as reported by Forbes.
In that period, Arnault had a net worth of an estimated $186.3 billion, which was $300 million above Jeff Bezos. At the time of publishing this article, Forbes’ real-time billionaire index showed Bezos back on top with a fortune of $188.2 billion and Arnault with $187.3 billion.
Elon Musk comes in third with $152.5 billion, followed by Bill Gates with $126 billion, and Mark Zuckerberg with $117.7 billion. The richest woman is L’Oreal head Francoise Bettencourt Meyers who has a net worth of $88 billion along with her family. She ranks 11th on the list. Mukesh Ambani, 12th on the list is the richest Asian with $77.3 billion. Gautam Adani is 16th with $68.8 billion.
Arnault’s fortune jumped from $76 billion in March 2020 to $186.3 billion on Monday — a rise of over $110 billion in 14 months. LVMH rose 0.4 per cent during the initial trading hours on Monday, taking its market cap to $320 billion and pushing Arnault’s fortune by more than $600 million.
LVMH oversees 75 luxury global brands, including Dior, Givenchy, Marc Jacobs, Kenzo, Celine and Bulgari, among others.
The net worth of Francois Pinault who has luxury brands like Saint Laurent, Alexander McQueen and Gucci in his kitty, rose from $27 billion on March 18, 2020, to $55.1 billion on Monday. Alain Wertheimer and Gerard Wertheimer of Chanel are now worth $35 billion from $17 billion in 2020. Francoise Bettencourt Meyers, the richest woman on the list, saw her fortune go up by $40 billion in this period.