Sunday, May 24, 2026

Bezos is no longer the richest man in the world


Amazon founder Jeff Bezos (Jeff Bezos)’s throne as the world’s richest man was taken away by French fashion mogul Bernard Arnault.

On Monday, Arnault’s net worth reached $195.8 billion. Moet Hennessy-Louis Vuitton (Moet Hennessy-Louis Vuitton) founder, chairman and CEO, including luxury brands Louis Vuitton, Christian Dior, Bulgari, TAG Heuer, Sephora, Hennessy and Tiffany, Its founder, chairman and CEO surpassed Bezos, who went public for $192.6 billion, According to Forbes.

Arnault’s new financial ranking is attributed to Amazon stock Plunged 7.6% After earnings were announced on Thursday.This means Bezos’ wealth has shrunk $13.9 billion a day.

At the same time, Moet Hennessy-Louis Vuitton’s share price has risen 35% in 2021 and has risen 140% since its low in March 2020.

The company was hit during the pandemic, but rebounded quickly during China’s economic recovery. Moet Hennessy-Louis Vuitton revives consumer confidence in high-end luxury goods Report A record in the first half of 2021, with revenue of approximately US$34 billion.

According to Barron’sAs the world’s wealthiest people get richer during the pandemic, luxury consumption has recovered. Driven by savings, stocks and real estate, total wealth in 2020 will increase to US$431 trillion.

This The world’s top billionaire Also includes Elon Musk of Tesla, Bill Gates of Microsoft and Mark Zuckerberg of Facebook.





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