Louis Vuitton’s Bernard Arnault Unseats Jeff Bezos As World’s Richest

Louis Vuitton’s Bernard Arnault is now world’s richest person as Jeff Bezos slips

Amazon founder Jeff Bezos is no longer the world’s richest person – that spot has been taken by Bernard Arnault, Chairman and Chief Executive of LVMH Moet Hennessy Louis Vuitton, according to Forbes real-time billionaires list that tracks everyday how much the world’s richest are worth. The Forbes list is dynamic and may change at any time.

Mr Arnault, 72, oversees an empire of 70 brands including Louis Vuitton and Sephora. He is worth $198.2 billion at the moment, according to the Forbes list.

Bezos has slipped to the second position on Forbes real-time billionaires list even as the e-commerce giant, Amazon, thrived during the coronavirus disease (Covid-19) pandemic. Amazon’s revenue grew by 38% in 2020 to $386 billion as the company saw a spike in online purchases from people staying at home due to Covid-19 restrictions. Bezos recently went to space on his space company’s Blue Origin’s suborbital flight.