With LVMH, Louis Vuitton’s parent company, reaching a final deal with Tiffany, the US jewelry brand, Microsoft co-founder Bill Gates and Amazon founder and CEO Jeff Bezos, two of the world’s richest men, may soon find out. his own worth may be lower than LVMH’s boss.
Bernard Arnault, chairman and chief executive of LVMH Group, is now worth more than $106 billion, according to the real-time wealth list tracked by Forbes. Alno’s net worth rose more than 1 per cent with LVMH’s shareprice after the company bought Tiffany for $16.3bn on Monday. Arnault and his family own more than 47% of the French luxury goods giant.
LVMH’s soaring share price widens the gap between Arnault’s worth and that of Bill Gates, who has a net worth of $107 billion and Bezos, which topped the Forbes rich list with assets of just under $110 billion.
However, Mr Arnault’s net worth is $100bn, according tomedia, lagging behind Mr Gates and Mr Bezos’s $109bn.
Warren Buffett, the “god of stocks”, is reported to be worth $86bn and Facebook chief executive Mark Zuckerberg has a net worth of about $75bn. Larry Ellison, Oracle’s chief executive, and Amancio Ortega, the Spanish clothing giant and zara co-founder, are each worth less than $70bn.