Bernard Arnault beats Jeff Bezos to become the world's richest man: Forbes

Bernard Arnault World richest man

Bernard Arnault World richest man

The owner of the world's luxury goods company Louis Vuitton Moet Hennessy (LVMH) Bernard Arnault beats Amazon founder Jeff Bezos and becomes the world's richest man with $186.4 billion. In contrast, Jeff Bezos's net worth is $186 billion. LVMH owner Bernard Arnault added over $47 billion to his net worth in 2021.

Last week, Arnault ended the day $800 million richest with a net worth of $186 billion, tying with Bezos for the number spot of the world's richest man. On the one hand, LVMH company's stock picked 0.5% higher in Europe, and on the other hand, Amazon stock fell by more than 1% on Friday, due to which Bezos loses $2.3 billion from his net worth.

Bernard Arnault oversees 70 brands, including Louis Vuitton and Sephora, and owns a 96.5% stake in Christian Dior, which controls 41% of LVMH's worth. LVMH has completed a deal with American jeweler Tiffany and Co for $15.8 billion in January 2021. In 2019, $3.2 billion had been spent by LVMH for luxury hospitality group Belmond, which owns and manages 46 hotels, trains, and river cruises.

 

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