LVMH's Arnault regains crown as world's richest person
Business Standard|March 08, 2024
French businessman Bernard Jean Etienne Arnault on Thursday replaced Amazon founder Jeff Bezos as the world's richest person by having a staggering net worth of $197 billion, the Bloomberg Billionaires Index data showed.
NISHA ANAND

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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