The CEO of Louis Vuitton Moet Hennessy is Now the Richest Man in the World

The CEO of Louis Vuitton Moet Hennessy, Bernard Arnault, has just overthrown billionaire Jeff Bezos, the creator of the e-commerce giant Amazon: He is now officially the richest man in the world.

Frenchman Bernard Arnault is 72 years old and runs the largest luxury goods company in the world - Louis Vuitton Moet Hennessy (LVMH).

According to Forbes, Bernard Arnault has an estimated net worth of 186.3 billion dollars, while Jeff Bezos accumulated "only" 186 billion dollars. Basically, the founder of LVMH is just over 300 million dollars richer than Jeff Bezos.

While Jeff Bezos built his fortune as the owner of Amazon, Bernard Arnault built his brand and made a fortune from luxury goods.

Louis Vuitton Moet Hennessy is the company behind some of the world's most well-known luxury brands, such as Louis Vuitton, Christian Dior, Celine, Moet, Hennessy, and Tiffany & Co.

Forbes notes that the fortune of the French tycoon increased due to the Covid-19 pandemic. "The crises are making us stronger," said Bernard Arnault in late April.

Bernard Arnault and Jeff Bezos are followed by famous entrepreneur and business magnate Elon Musk, who has a fortune of 147.3 billion dollars.