Bernard Arnault Becomes World's Richest Man - His Wealth Is Fantastic!

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Bernard Arnault Becomes World's Richest Man in 2021. His Wealth is Fantastic!

Bernard Arnault. Photo: Reuters

Bernard Arnault is the richest person in the world according to a list released by Forbes in 2021.

The French conglomerate managed to overtake Jeff Bezos and Elon Musk as the richest people in the world.

The LVMH CEO has a net worth of $196 billion.

Bernard is the person in charge of the Louis Vuitton, Bvlgari, Tag Heuer, Sephora, and Christian Dior businesses whose share prices have soared by 30% this year.

The jump in share prices made LVMH record a market value of USD417 billion.

Meanwhile, Jeff Bezos, who previously occupied the first position, had to drop to the second position due to the decline in Amazon shares.

Amazon's stock drop of 7% in a day cost Jeff Bezos a loss of $14 billion in 24 hours.

Currently, Jeff Bezos has a net worth of $186 billion.

Meanwhile, the third position of the world's richest people is occupied by Tesla CEO, Elon Musk.

Thanks to a 705% increase in Tesla's stock, Elon Musk's net worth currently stands at $160 billion.

Reported by Man of Many, the number of billionaires according to Forbes this year has increased by 660 people from last year.

This number brings the list of the richest people in the world in 2021 to 2,755 people. (*)