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

News

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.

Other articles

Read also

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

Alibaba invests in the largest hypermarket operator in China

The largest Chinese Internet company Alibaba Group Holding Ltd. will acquire from Auchan Retail International shares of the largest Chinese hypermarket operator Sun Art Retail Group for $ 3.6 billion, according to the press release from Alibaba. “Alibaba is investing $ 28 billion ($ 3.6 billion) to acquire … 70.94% of Auchan Retail’s stake in […]

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

Tokyo Stock Exchange interrupted work due to the technical problems

Technical failure occurred on the Tokyo Stock Exchange, due to which the trading was suspended. This is stated in the statement by Japan Exchange Group, which owns the exchange. “Trading of all shares on the Tokyo Stock Exchange has been suspended due to the failures related to the delivery of the market information, ” – […]

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

Shares of the Bed Bath & Beyond jumped to 33% due to the strong report

Quotes of the Bed Bath & Beyond jumped from 33.47% to $ 19.99 according to the trading data. Papers are growing due to the strong report for the second quarter of 2020. The Bed Bath & Beyond chain announced the first increase in the in-store sales in almost four years. The jump in the revenue […]

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

Oil giant Royal Dutch Shell PLC is going to fire nearly 3,000 employees worldwide

December, 14 2015, Shell announced that after they finish the merger with the British oil company BG Group PLC, they will fire  2,800 people. The company said in report that their plans are  to reduce the number of employees by 3%. Terminations will start in 2016. Earlier, Shell announced plans to cut the number of […]

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

The “Interhim” Odessa pharmaceutical company invested 42 million UAH in its production

The “Interhim” pharmaceutical company has completed the construction of laboratory and manufacturing facility in Odessa. Besides, the company has invested in increasing of production capacities. This step will allow the company to increase 4 times its production. At the beginning of May  2016 the total investment  is  42 million euros. The number of new jobs […]

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

Pfizer may request approval for COVID-19 at the end of the year

The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]

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

LAUNCH OF THE UKRAINE GAS INVESTMENT CONGRESS

1000 business and political leaders from around the world and 30 speakers will gather over three days. Hosted in-person in Kyiv from 20-22 October 2021, they will discuss and create commercial and partnership opportunities to deliver a secure energy future. The event showcases Ukraine’s natural gas opportunities and attractive investment climate as well as the […]

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

Ukrainian Energy Week will be held on November 19-21 in Kyiv

From November 19 to 21, 2018, the key event of the year in the Ukrainian energy sector, the Ukrainian Energy Week ’18, will take place in the NSC “Olimpiyskiy”. Here will meet the most influential representatives of national and foreign companies, which will turn the location into a central place for B2B and B2C communications […]

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

Boeing is facing an investigation of FAA production problems 787 Dreamliner

Stocks Boeing, which fell by 47.5% since the beginning of the year fell by 1.6% before the opening of trading on Tuesday amid news of a new FAA investigation. The US airline is going through the most difficult period in its history, continuing to expect recertification of the most profitable passenger`s aircraft Boeing 737 Max, […]

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

Ukrainian retailers are protesting against high rents in shopping malls

The claims of retailers inflated rental rates and a weak strategy of promotion of trade centers and poor quality traffic that negatively affect their sales. In turn,  rentiers accused the network of helplessness during the crisis and the inability to promote their goods. The scandal began in 2014, when several dozen representatives of the apparel […]

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

The film of a beginner director charmed social networks – more than 1 million views in two days!

French actress and director Maylis de Poncins, author of the sensual short film “Je suis dons tu es” (“I am, therefore you are”), became one of the favorites in the qualifying round of the Only 140 seconds and a lot of meanings – the film won’t leave you indifferent! Maylis de Poncins is a young actress who has proven […]

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

Defence of the ex-chairman of Mikhaylovsky bank has lost the appeal

Ihor Doroshenko has been left in the predetention center. The appellate court of Kyiv rejected a request of Ihor Doroshenko, an ex-chairman of the board of Mikhaylovsky bank to be entitled to plead   and left it in the predetention center — the press service of Appellate court of the Kyiv city reports. Therefore, the judge’s  […]

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

JPMorgan could pay a record of $ 1 billion for the manipulating traders in the markets

Right away three the U.S. agencies announced on Tuesday, Sept. 29, to reach the agreement with JPMorgan Chase for the end of the criminal prosecution of the bank in exchange for the payment of multimillion fines. In total, the company must pay the US government more than $ 920 million. Statement from the Freight Exchange […]

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

Results of the survey on lawyer.ua: corporate lawyer competence

In every company sooner or later there comes a time when the manager asks a question of legal support for business. Solutions may be very different: someone delegate such powers to accountant and it really works, it is true, as long as does not need an expert with deeper legal competence, and someone is trying […]

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

The court seized the property and stocks of Motor Sich

The Shevchenkivskyi District Court of Kyiv has seized the property and 100% of the shares of Motor Sich. This was announced on Saturday, March 20, the press service of the SBU. The property of the enterprise has been transferred to the management of the National Agency for Detection, Investigation and Management of Assets Obtained from […]

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

Lev Partskhaladze: “Business should feel the support of the state”

On December, 23 this year it was a private press conference with the representatives of the Ministry of Regional Development, Construction and Housing of Ukraine. The meeting was attended by: Lev Partskhaladze (Deputy Minister of Regional Development, Construction and Housing), Oleksiy Honcharuk (head office of effective regulation – BRDO) and Olena Shuliak (Sector Manager of […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com