Mirror Mirror On The Wall, Who's The Richest Billionaire Of Them All?
French fashion tycoon Bernard Arnault overtakes Jeff Bezos to become the world’s richest man after his net worth climbs to $186 billion – a rise of $110 billion in just 14 months
French fashion tycoon Bernard Arnault has today crept ahead of Jeff Bezos to become the world’s richest man after his net worth climbed to $186.3billion.
The chief executive of Moët Hennessy Louis Vuitton (LVMH) saw his luxury goods firm increase by 0.4 per cent during the first few hours of trading on Monday.
The rise pushed Arnault’s personal stake up by more than $600million and placed LVMH’s market cap at $320billion, according to Forbes.
Arnault’s overall net worth has jumped to $186.3billion, reportedly seeing him edge $300million above Amazon CEO Jeff Bezos, who is worth $186billion, in the world’s rich list.
The eye-watering fortunes topping the billionaire list are composed primarily of stock holdings, meaning that their values fluctuate daily with changes in the stock market.
Arnault, 72, has seen his fortune jump more than $110million in the past 14 months thanks to his French luxury goods firm LVMH, who own the likes of Louis Vuitton, Fendi, Christian Dior and Givenchy. Continued Daily Mail
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