Archivos de etiquetas: Bernard

French fashion tycoon Bernard Arnault becomes world’s richest man worth £131bn

FRENCH fashion tycoon Bernard Arnault has become the world’s richest man with an incredible £131billion fortune, overtaking divorce-hit Jeff Bezos.

The boss of Moet Hennessy Louis Vuitton (LVMH), 72, saw stock in his luxury good firm rise by 0.4 per cent during the first few hours of trading on Monday.

Bernard Arnault is now reportedly the world's richest man

Bernard Arnault is now reportedly the world’s richest manCrédito: Getty
Amazon boss Jeff Bezos has been pushed down into second place

Amazon boss Jeff Bezos has been pushed down into second placeCrédito: imágenes falsas – Getty
Elon Musk, the head of Tesla, is said to be the third richest man in the world

Elon Musk, the head of Tesla, is said to be the third richest man in the worldCrédito: AFP

The increase sees Arnault’s personal stake up by more than £424million and valuing LVMH at £226bn, de acuerdo a Forbes.

This put Arnault’s total net worth at £131.7bn, placing him above Amazonas jefe Jeff Bezos who is said to be worth £131.4bn, según la publicación.

Arnault only recently pushed Elon Musk, la tesla jefe, down to third place as the company’s shares plunged.

Musk is thought to be worth £104.1bn.

LVMH's stock rose in early trading on Monday

LVMH’s stock rose in early trading on Monday
Bernard Arnault and his wife pianist Helene Mercier-Arnault arrive to attend a state dinner for the Chinese president at the Elysee Palace in 2019

Bernard Arnault and his wife pianist Helene Mercier-Arnault arrive to attend a state dinner for the Chinese president at the Elysee Palace in 2019Crédito: AFP

With Arnault, Bezos and Musk’s wealth all tied to stock holdings it means their wealth fluctuates on the changes in the stock market.

En el pasado 14 months Arnault has seen his fortune increase by more than £77.7m thanks to his company which owns a string of luxury goods brands including Fendi, Christian Dior and Givenchy.

It also acquired Tiffany & Co in January for £11.2m with Arnault promoting his son to head up the US jeweller’s products and communication.

In March last year Arnault was said to have a fortune of £53.7bn. with his firm seemingly largely unaffected by the COVID-19 pandemia.

Musk, 49, saw his fortune plummet by £2.23bn last week to £113.5bn, de acuerdo con la Bloomberg Billionaire’s Index.

Alexandre Arnault, 29, left his role as boss of Rimowa, which is also owned by LVMH, to become executive president of product and communication at Tiffany’s , working under the chairman and CEO Michael Burke.

Bernard Arnault has given senior LVMH posts to four of his oldest children.

His fifth child, son Jean, 23, is still a student.

Only daughter Delphine, 46, is director and executive vice president of Louis Vuitton; eldest son Antoine, 43, who married Russian model Natalia Vodianova last year, is CEO of Berluti and oversees image, communications and the environment for LVMH; and third son Frédéric, 26, is CEO of Tag Heuer.

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