Chief Executive of LVMH Bernard Arnault has overtaken Bezos to become the richest man in the world after his net worth rose to $186 billion – up from $110 billion in just 14 months.
Chief Executive of LVMH Bernard Arnault is ahead of Jeff Bezos today and has become the richest man in the world after his net worth rose to $186.3 billion.
Mo Hennessy Louis Vuitton (LVMH) chief executive saw its luxury goods company grow 0.4 percent in the first few hours of trading on Monday.
Bezos is no longer the richest man in the world
“The increase boosted Arnault’s personal stake by more than $600 million and set LVMH’s market capitalization at $320 billion.”, according to Forbes.
Arnault’s total net worth jumped to $186.3 billion, he reportedly topped the world list of the richest $300 million, ahead of Amazon CEO Bezos, who is valued at $186 billion.
This comes just days after Arnault dropped Elon Musk, worth $147.3 billion, from second place as the richest man in the world after the fall in Tesla shares.