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

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

AMD shares rose Against the background of a strong quarter and higher forecasts

Shares of Advanced Micro Devices, increased on 47.4% since the beginning of the year, rose on 10% after the announcement of the financial results of the 2nd quarter, which ended on June 27, and the publication of optimistic forecasts, despite the pandemic. The report was preceded by a sharp rise in shares of AMD after […]

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

Apple has been fined by the Italian government by € 318 million

 Apple has received a fine of € 318 million from the Italian regulatory authorities. Apple is accused of violating tax laws, namely in the tax evasion in Italy by transferring funds to Ireland. During the investigation, regulatory authorities found that the company deliberately transferred funds in the amount of € 880 million to Ireland, where […]

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

Ukraine and Canada signed an Agreement about free trade zone

Today 11 July Ukraine and Canada signed an agreement about establishment a free zone. During the signing were attended the President of Ukraine Petro Poroshenko and Prime Minister of Canada Justin Tryudou. Ukrainian MP Stepan Kubiv wrote on his page on facebook, it is a very important document for Ukraine. He will bring the relations […]

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

The US Federal Reserve has kept the base rate at the same level

The US Federal Reserve maintained the base interest rate at 0-0.25%, as expected by the market. This is stated in the message of the financial regulator following a meeting of its leadership. “The Committee has decided to keep the target rate range for federal funds at 0-0.25% and considers it appropriate to maintain this range […]

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

Denmark has banned the construction of the Baltic Pipeline

The Danish Board of Appeal for the Environment and Foodstuffs has revoked the permit issued by the Environmental Protection Agency for the construction of the Baltic Pipe gas pipeline. “On July 12, 2019, the Danish Environmental Protection Authority issued an environmental permit for the construction of the Baltic Pipe. On May 31, 2021, the Environmental […]

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

KWS-Ukraine will build a seed plant in Kamianets-Podilskyi

KWS-Ukraine company begins a construction of a modern complex for seed conditioning in Kamianets-Podilskyi. “Philosophy of the KWS business is “in the region for the region”. That is why it is in principle for us the cultivation of corn seeds in the region of its realization”, – reported in the company. New capacity in the […]

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

State of Amazon head Jeff Bezos has reached $ 200 billion

The position of the richest man in the world, Amazon CEO Jeff Bezos reached $ 199.7 billion, which is a record for a businessman. This was reported on Wednesday by Forbes magazine. The publication noted that during the trading of Amazon shares on Tuesday, the state of Bezos even exceeded the mark of $ 200 […]

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

The World Bank has allocated $ 212 million to Ukraine for the modernization of hydroelectric power plants

The World Bank’s Board of Directors has approved a $ 212 million grant to Ukrhydroenergo for the manufacture of hybrid power generation systems. This was announced the day before by the press service of the World Bank. “The project will increase the flexibility of the Ukrainian energy system, which will help synchronize with the European […]

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

The court found guilty the NBU of bankruptcy of the “Ukrgazprombank”

March, 14 Kyiv District Administrative Court declared illegal inactivity of the regulator in relation to the “Ukrgazprombank”, which was declared insolvent in 2015, and now goes into liquidation. The lawsuit was filed by one of the contributors of the Ukrgazprombank – “Trading House Sanko” LLC , writes the  FinClub. In August 2014 the company has […]

Next
Dmytro Shymkiv
News

Why it is worth investing in pharmaceuticals, — Dmytro Shymkiv’s opinion

Traditionally, it is considered that the shares of pharmaceutical and biotech corporations are effectively protected from the global financial crises. The asset growth inevitably accompanies any, even insignificant, success of drug manufacturers. And the pandemic period has caused an unprecedented wave of investments in the pharmaceutical business. Due to Dmytro Shymkiv’s explanation, the head of […]

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

Musk dropped another step in the list of the richest people in the world

Elon Musk, an American businessman, founder and head of Tesla and SpaceX, dropped from second to third place in the ranking of the richest people on the planet according to Bloomberg. The entrepreneur’s fortune is estimated at 160.6 billion dollars, while at the end of February it was 183 billion. According to the agency, Musk […]

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

The German company Leoni AG will build a second plant in Ukraine

The German company Leoni AG will build a plant in Kolomyja,  Ivano-Frankivsk region. This was reported by Dmitry Romaniuk, the head of the department of European integration and the development of tourism in Ivano-Frankivsk Regional State Administration. “The German company Leoni AG will build a new plant in Ivano-Frankivsk region (Kolomyja) and will create 8150 […]

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

Twitter will pay Turkey a fine in the amount of $ 51 thousand

Turkish government for the first time resolved  to apply penalties to the social network Twitter. Recently, Turkey  turned to Twitter with a formal request to delete from the site all the information with an extremist nature, the information that supports  terrorism. Twitter declined the request of the Turkish government and didn’t delete the corresponding positions […]

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

Kolomoiskyi closes Ukraine Today

In Ukraine it will be one less source of information. Ukraine Today is an online channel with International broadcasting, which is owned by Ukrainian businessman and former owner of Privat Bank Ihor Kolomoiskyi. The fact that in the near future Ukraine Today will stop their work became known from the publication of General Director of […]

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

The AMCU allowed the NAP II Holdings to buy more than 50% of the shares in two agricultural companies

Recently, the Antimonopoly Committee of Ukraine allowed the company NAP II Holdings B.V. (Netherlands), controlled by  the NCH Capital (USA) to acquire more than 50% of the shares of two agricultural enterprises in the Khmelnitskyi region. This is stated on the AMCU  website. The permission granted for the purchase of the  shares of the companies […]

Next