New Delhi: Chairman of Louis Vuitton Bernard Arnault has surpassed the founder of Amazon Jeff Bezos to become the richest person in the world, according to the list of real-time forbes billionaire.
With a total net worth of $ 199.9 billion, Arnault now sustains a list of billionaires in front of Bezos whose net worth reached $ 194.9 billion.
While Tesla and SpaceX Chief Elon Musk were placed third with a net worth of $ 185.5 billion.
Head of Louis Vuitton has previously been the richest person in the world in December 2019, January 2020 and May 2021.
LVMH – Houses for Louis Vuitton, Moet, Fendi and Kenzo brands include the first half of the beak up 11 percent above the pre-pandemic level They became 28.7 billion euros ($ 34.1 billion) for reporting a profit of 5.3 billion euros, an increase of 64 percent from 2019.
Arnault had surpassed Tesla’s head when the company reported the first quarterly income of 14 euros billion in 2021, which jumped 32 percent compared to the first quarter of 2020.
In January 2021, LVMH completed an agreement for the American Jeweller Tiffany & Co with $ 15.8 billion, which was believed to be the largest luxury brand acquisition ever, according to Bio Arnault in Forbes.
The company has also spent $ 3.2 billion in 2019 for the hospitality group Luxury, Belmond, which owns or manages 46 hotels, railroads and river cruises.
Bernard Arnault oversees a 70 brand kingdom including Louis Vuitton and Sephora.
(With input from agency)