Has been a few hours at the top of the richest person in the world of Forbes, overtaking Jeff Bezos by a whisker. The French Bernard Arnault, CEO and shareholder of the French luxury group LVMH, availed himself of the stock with an estimated net worth of 186.3 billion dollars, about 300 million above that of Jeff Bezos, CEO of Amazon, which is worth 186 billion. It is the first time in nearly six years that a European has ranked at the top of the billionaire list. In third place Elon Musk, the owner of Tesla, with a net worth of 147.3 billion dollars.
But the French fashion mogul’s dream is lasted very little: with the opening of the US markets, Bezos, whose assets were still “at a standstill” due to the closure of Wall Street, regained the lead with 187.5 billion dollars, re-surpassing Arnault himself, who still remains firmly to the second place, ahead of Musk and Microsoft founder Bill Gates ($ 125.9 billion).
Bernard Arnault, who since 1989 has taken control of the LVMH group (which includes brands such as Fendi, Moët & Chandon, Louis Vuitton, Bulgari, Kenzo Givenchy, Tiffany and many others), creating the leading international group in the field of luxury goods and by assuring French luxury brands the leadership in the sector, he entered the top ten richest men in the world in 2005 and has progressively climbed the rankings of Forbes, obtaining the primacy already on several occasions.
This time, according to the American magazine, Arnault’s fortune went from 76 billion dollars in March 2020 to 186.3 billion dollars thanks to the performance recorded on the stock exchange by the group, whose shares rose 77 percent in one year. A clear departure from the rival Francois Pinault, president and CEO of Dry (which owns luxury brands Saint Laurent, Alexander McQueen and Gucci, among others), which in the same time frame has raised its net worth from $ 27 to $ 55.1 billion.
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