Bernard Arnault, the French fashion tycoon, is currently the world’s richest man, with a net worth of $186.3 billion
During the first hours of trading on Monday, May 24, the chief executive of Mot Hennessy Louis Vuitton (LVMH) witnessed his luxury goods firm’s shares rise by 0.4%.
According to Forbes, the increase increased Arnault’s personal shareholding by more than $600 million and increased LVMH’s market valuation to $320 billion.
Arnault’s total net worth increased to $186.3 billion, edging out Amazon CEO Jeff Bezos, who is worth $186 billion, by a mere $300 million on the world’s rich list.
It comes only days after Arnault dethroned Elon Musk, valued at $147.3 billion, as the world’s second-richest man When Tesla’s stock price plummeted
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