Arnault is the founder and chairman of LVMH, the world's largest luxury goods empire, which also owns Louis Vuitton.
Bloomberg's daily ranking, updated at the close of every trading day in New York, showed that Arnault gained $1.93 billion in a day to achieve the feat. Meanwhile, Bezos, who had been commanding the first rank since Tuesday, lost about $755 million dollars to stand at the second position. Bezos "current net worth is $196 billion.
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MCA president Amol Kale dies of cardiac arrest at 47
Mumbai Cricket Association president Amol Kale has died of a cardiac arrest in New York after attending the T20 World Cup match between India and Pakistan.
Astronauts' health focus of study on multidrug-resistant pathogens
Researchers from IIT Madras and R NASA's Jet Propulsion Laboratory (JPL) are studying the behaviour, adaptation, and evolution of multi-drug resistant pathogens about 400 km above the earth's surface at the International Space Station (ISS).
COST OF KEEPING COOL
With ACs, fridges, and space cooling becoming necessities, experts point out that ambient heat increases as more cooling equipment is installed
Pricing challenge may weigh on pharma stocks
The tailwind of low price erosion in the US generics market may be reversing slowly, caution analysts.
Kotak MF launches special opportunities fund
Kotak Mutual Fund (MF) on Monday announced the launch of Kotak Special Opportunities Fund.
Proposed norms may lead to big F&O churn
Analysts expect over two dozen exits, 75 entrants
Sensex, Nifty breach record levels but settle lower amid profit booking
Benchmark equity indices Sensex and Nifty ended lower on Monday after hitting their all-time high levels in early trade amid selling in blue-chip IT stocks and HDFC Bank.
Blackstone mops up â¹6,736 crore from 15.1% stake sale in Mphasis
Blackstone on Monday sold 15.1 per cent stake in mid-tier IT firm Mphasis via block deals.
ABSL MF quant fund to tap best ideas of top MFs
Aditya Birla Sun Life (ABSL) Mutual Fund (MF) has launched its quant fund, which will look to invest in top ideas of larger fund houses after filtering on the basis of quality and momentum factors.
Equity MFs saw record â¹34,000 cr inflows in May
Surge in investments spurred by rise in SIPS, HDFC MF NFO