French businessman Bernard Arnault has become the richest man in the world beating Amazon CEO Jeff Bezos. According to Forbes, Arnault, who is the owner of Louis Vuitton Moet Hennessy (LVMH) has a net worth of USD 186.2 billion. It is to be noted that LVMH is world’s leading fashion luxury goods company. Earlier, Arnault had raced ahead of world’s second richest person and Tesla owner Elon Musk, after reporting a first quarter revenue of GBP 14 billion in 2021. Arnault oversees an empire of 70 brands including Louis Vuitton, Sephora, Tiffany & Co, Stella McCartney, Gucci, Christian Dior, Givenchy.

Source: dna May 25, 2021 03:11 UTC