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Louis Vuitton owner Bernard Arnault has surpassed Jeff Bezos to be the World’s Richest Person.

(Image source: Forbes)

Bernard Arnault, the owner of Louis Vuitton, beat Jeff Bezos to be the World’s Richest Person.

According to Forbes, Bernard Arnault has an estimated net worth of around  Rp 2,845,530,625,000,000 ($197.5 billion) on Tuesday (10/8). That’s slightly more than Jeff Bezos’ net worth of Rp 2,782,088,250,000,000 ($193.1 billion).

Bernard Arnault’s net worth is approximately equivalent to 27 times the valuation of Bukalapak.

Before this, Bernard Arnault led the list of the world’s wealthiest people in December 2019, January 2020, May 2021 and July 2021

Bernard Arnault, the 72-year old French billionaire, heads the world’s leading fashion brand Louis Vuitton Moet Hennessy (LVMH). LVMH oversees an empire of 70 brands, including Givenchy, Guerlain, Marc Jacobs, Sephora, Tiffany & Co, Emilio Pucci, Fendi, Loro Piana, Nicholas Kirkwood, Thomas Pink, TAG Heuer, De Beers, and Bulgari. Arnault owns a 96.5 percent stake in Christian Dior, which controls 41 percent of LVMH.

Since the start of the pandemic, the net worths of the world’s richest people have fluctuated wildly, with many jumping by billions. For years, Forbes’ list of top billionaires has been dominated by Americans. The number one spot has been occupied by Americans Bezos, Musk, Gates and Buffett for two decades, but now France’s Bernard Arnault takes the top spot.

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