Serial entrepreneur and fashion tycoon, Bernard Arnault has been announced the world’s richest man, following his net worth which has risen to $186.3billion.
The French businessman and CEO of Moët Hennessy Louis Vuitton (LVMH) has seen his business profit increase by 0.4 per cent.
This increase took place on Monday, May 24, during the trading period.
According to Forbes, this new trade statistics has taken Arnault’s stake to more than $600million, placing LVMH’s market cap at $320billion.
Following this data, Arnault’s overall net worth rose to $186.3billion, overthrowing Jeff Bezos, Amazon CEO, whose net worth is $186billion.
In the past 14 months, Arnault’s fortune has jumped more than $110million, as a result of his French luxury goods firm, LVMH.
LVMH is a firm housing brands like Fendi, Louis Vuitton, Christian Dior and other luxury brands.
Source: Linda Ikeji
Featured Image Source: Forbes
Tanzanian Opposition Leader Tundu Lissu Jailed For Four Years 
Court Nullifies Atiku’s 2027 Presidential Candidacy: Here’s Why 
Cristiano Ronaldo Announces Retirement From International Football 
Peter Obi’s Campaign Convoy Attacked In Calabar 
Keisha Lance Bottoms Makes History As First Black Woman Elected Governor In The United States 
US Midterm Elections 2026: A Defining Moment For America’s Political Future