Louis Vuitton Chairman Bernard Arnault Is World's Richest Again, Overtakes Amazon Founder Jeff Bezos

Jeff Bezos has now slipped to the second position, replaced by Louis Vuitton chairman Bernard Arnault who has achieved the feat thrice before. Elon Musk is placed third with net worth of $185.5 bn.

By : ABP News Bureau | Updated at : 09 Aug 2021 03:07 PM (IST)

Louis Vuitton Bernard Arnault Overtakes Amazon founder Jeff Bezos To Become World's Richest Louis Vuitton Chairman Bernard Arnault Is World's Richest Again, Overtakes Amazon Founder Jeff Bezos

Head of French multinational corporation LVMH Bernard Arnault | AFP

Amazon founder Jeff Bezos, who was the world's richest person, has now been overtaken. The Chairman of Louis Vuitton, Bernard Arnault, has ended Jeff Bezos' reign. Bernard Arnault overtook Jeff Bezos to become the richest person in the world. Bernard currently ranks first on Forbes' list of the world's richest individuals.

Bernard Arnault became the richest man because of his company Louis Vuitton, one of the world's most renowned companies. It has been performing well for some time now. There has been a surge in the shares of the company. And with the surge in shares, the company's value has also risen sharply, benefiting the company's owner Bernard Arnault. All this led to Arnault overtaking Jeff Bezos on the Forbes list of the world's richest individuals.

Tesla and SpaceX chief Elon Musk is placed third with a net worth of $185.5 billion.

Business ventures of Bernard

Bernard Arnault's company Louis Vuitton is a French company and is quite famous all over the world. Louis Vuitton makes products like clothes, cosmetics, fashion accessories, watches, perfumes, jewellery, wine, purses etc. Louis Vuitton products are quite popular among people all over the world.

The total wealth of Bernard Arnault is estimated at $19,890 million, according to the Forbes list. The total property of Jeff Bezos is estimated at $19,490 million.

Louis Vuitton's Bernard had been the richest man before

According to information from Forbes, Bernard has achieved the feat of being the world's richest man thrice before. He became the world's richest person in December 2019, January 2020, and May 2021. Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora.