Bezos is no longer the richest man in the world: the owner of LVMH overtook him

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Bezos is no longer the richest man in the world: the owner of LVMH overtook him

28.05.2021 News

LVMH CEO Bernard Arnault topped the list of the world’s richest people with a fortune of $ 186.3 billion, surpassing Amazon founder Jeff Bezos by $ 300 million. This was reported by Forbes.

The top three also included Tesla and Space X chairman Elon Musk ($ 147.3 billion).

According to the publication, Arno’s wealth increased from 76 billion dollars in March 2020 to 186.3 billion dollars as of May 24, 2021 – that is, over the past 14 months increased by 110 billion dollars, in part because LVMH, despite the pandemic, has high performance.

In the 1st quarter of 2021, the holding received 14 billion euros in revenue, which is 32% higher than the same period last year – this was facilitated by the “impulse” provided by buyers in China.

At the same time, the market capitalization of the LVMH holding, which includes Louis Vuitton, Fendi, Christian Dior, Givenchy, is $ 320 billion.

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