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HOT: LV CEO replaces Amazon founder as new richest man

The Louis Vuitton Group stock held by LV President Arnault rose 0.7%. At present, Arnold’s total assets have reached US $ 116.5 billion (about 11,753,685,000,000.00 kshs); while Amazon’s stock has fallen 0.7%, Bezos’s shares have fallen by 1156. The total wealth of 100 million US dollars ranked second in the rich list.

In the newly released “Forbes” list of the world’s richest people, Bernard Arnault, president and CEO of French luxury goods giant LVMH, replaced Amazon’s founder and CEO Jeff Bezos.

According to the Russian satellite news agency, Arno’s shares of Louis Vuitton Group rose by 0.7%, and Arno’s total assets reached US $ 116.5 billion ; while Amazon’s shares fell by 0.7%, Jeff Bezos ranked second on the rich list with a total wealth of US $ 115.6 billion; the third on the list was Bill Gates, the founder of Microsoft Group, with a total wealth of US $ 110.6 billion; the fourth and fifth were “share gods” Warren Buffett ($ 90.6 billion) and Facebook founder Mark Zuckerberg ($ 82.2 billion).

Bernard Arnault was born in France on March 5, 1949. He is known as the “Godfather of Luxury in the World” and the founder of the LVMH Group. Arnold’s LVMH Group (French Louis Vuitton-Moët Hennessy Group) owns more than 50 luxury-related brands, including Dior, Givenchy, Fendi, TAG Heuer, etc. It is understood that 70-year-old Arnold is not only a successful businessman, but also an art lover and collector.

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