Louis Vuitton’s Chairman and CEO, Bernard Arnault becomes the world’s richest person after slipping Jeff Bezos from his position. Jeff Bezos, the founder of Amazon is now the world’s second-richest person. According to Forbes real-time billionaires list, the LVHM Moet Hennessy Louis Vuitton Chairman and CEO is the richest person in the world.
Bernard Arnault Hails as the World’s Richest Person
French Businessman and the Chairman of Louis Vuitton, Bernard Arnault has overtaken Jeff Bezos as the world’s richest person. According to Forbes real-time billionaire list, the French businessman and investor have a net worth of $198.9 billion at the present moment. However, the list is dynamic and changes every now and then. But this is what the current status of the billionaire list looks like.
How did he Increase his Net Worth?
Louis Vuitton signed a deal with one of the biggest luxurious brands ever, Tiffany and Co. in 2021 for about $15.8 billion. This deal is one of the biggest luxurious brand procurements in history for Louis Vuitton. It is believed that this deal was a major turnover for Bernard Arnault and his firm. Besides that, in 2019, LVMH completed a deal with luxury hospitality group, Belmond. The acquisition manages about 46 luxury hotels, restaurants, trains, and river cuisines worldwide.
Who are the Other People on Top 10 in the Billionaires List?
Presently, Bernard Arnault owes the first position in the Forbes 2021 billionaires list. Following Arnault on the second position is Amazon Founder, Jeff Bezos with a net worth of $194.9 billion. Thirdly, we have Tesla CEO Elon Musk with a net worth of $185.5 billion. Besides them, the list also depicts Microsoft co-founder Bill Gates. Moreover, we have Mark Zuckerberg, Larry Ellison, Warren Buffet, Larry Page, and Sergey Brin. Francoise Bettencourt Meyers has also managed to secure a position among the top 10 in the list.
More About Bernard Arnault
Bernard Arnault is a major asset of Louis Vuitton since the year 1989. LVMH manages to acquire 70 luxury brands including Christian Dior, Gucci, Sephora, Givenchy, etc. Before becoming the company’s chairman, Arnault was one of the shareholders.
He used to work as an engineer in the Ferret-Savinel construction company. Moreover, he even headed the company from 1978 to 1984. According to Forbes, the French businessman and investor spent money from his family business to buy Christian Dior in 1985. The LVMH Chairman has five children, four of them working for Louis Vuitton.