{"id":539140,"date":"2021-05-24T20:51:02","date_gmt":"2021-05-25T00:51:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=539140"},"modified":"2021-05-24T20:51:04","modified_gmt":"2021-05-25T00:51:04","slug":"french-fashion-executive-becomes-richest-man-in-world-gets-overtaken-by-bezos-hours-later","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/french-fashion-executive-becomes-richest-man-in-world-gets-overtaken-by-bezos-hours-later\/","title":{"rendered":"French Fashion Executive Becomes Richest Man In World, Gets Overtaken By Bezos Hours Later"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffrench-fashion-executive-becomes-richest-man-in-world-gets-overtaken-by-bezos-hours-later%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=539140&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Bernard-Arnault.jpg?w=1200&amp;h=800&amp;ixlib=react-9.0.3\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><span>A 72-year-old French fashion executive and investor was briefly listed Monday as the richest man in the world, but then promptly lost the distinction when Amazon CEO Jeff Bezos, 57, a regular on the \u201crichest man\u201d in the world list, raised his net worth by a couple of billion dollars.&nbsp;<\/span><\/p>\n<p><span>According to <\/span><a href=\"https:\/\/www.forbes.com\/sites\/giacomotognini\/2021\/05\/24\/after-briefly-dropping-to-no-2-jeff-bezos-is-again-the-richest-person-in-the-world\/?sh=4ff4483522ae\"><span>Forbes<\/span><\/a><span>, Bernard Arnault, the chairman and chief executive of the French luxury goods conglomerate LVMH, reached an estimated net worth of $186.3 billion on Monday morning, narrowly edging out the Amazon CEO by roughly $300 million.<\/span><\/p>\n<p><span>But before Arnault could spend much time at all as the world\u2019s richest man, the stock market on the east coast of the United States opened up for the day. Mere hours after the stock market opened, Bezos gained $2.4 billion and, with it, his title back.&nbsp;<\/span><\/p>\n<p><span>\u201c<\/span><span>The two men entered the weekend on level terms, worth $186 billion each, after shares in Arnault\u2019s&nbsp; luxury goods conglomerate LVMH rallied in the second half of last week,\u201d reported Forbes. \u201cLVMH stock performed even better on Monday, closing nearly 1% higher and boosting Arnault\u2019s fortune by $1.7 billion\u2014enough for him to briefly eclipse Bezos and become the world\u2019s richest person for a few hours. Then Amazon shares ticked up more than 1% as of 1:30 pm ET on Monday, making Bezos $2.4 billion richer.\u201d<\/span><\/p>\n<p>Bezos ultimately ended the day $2.1 billion richer.<\/p>\n<p><span>Arnault, currently one of only two non-Americans on the list of top ten richest people in the world, has achieved status as the world\u2019s richest man on two other brief occasions. The first time was back in late December of 2019; Bezos promptly overtook him. But Arnault took the title of richest man last Friday night as well \u2014 again, only briefly \u2014 until he was overtaken by the Amazon founder.&nbsp;&nbsp;<\/span><\/p>\n<p><span>As of late Monday, the Forbes real-time <\/span><a href=\"https:\/\/www.forbes.com\/real-time-billionaires\/#4071656f3d78\"><span>billionaire tracker<\/span><\/a><span> shows Bezos with an estimated net worth of $188.2 billion and \u201cBernard Arnault &amp; family\u201d at $187.3 billion. Below them, Tesla CEO Elon Musk, 49, is in a distant third place, with an estimated $152.5 billion net worth \u2014 a feat he accomplished relatively quickly, having been worth about $30 billion at the beginning of 2020, <a href=\"https:\/\/www.cnbc.com\/2020\/12\/21\/billionaires-who-added-the-most-to-their-net-worths-in-2020.html\">according<\/a> to CNBC. Musk was also the biggest winner of the day; his net worth increased an estimated $5.2 billion on Monday, according to the Forbes tracker.&nbsp;<\/span><\/p>\n<p>Below Musk, there is another notable drop-off in the net worth in the world\u2019s richest people. The title of fourth richest man belongs to Microsoft founder Bill Gates, 65, who for a long time was regularly listed as the world\u2019s wealthiest man. Gates is currently worth an estimated $126 billion.<\/p>\n<p>The next five people on the Forbes list are all Americans. The list includes people such as FaceBook founder Mark Zuckerberg ($117.7 billion), 37, world-renowned investor and Berkshire Hathaway CEO Warren Buffet ($109.4 billion), 90, software developer and businessman Larry Ellison ($103.1 billion), 76, and Google co-founders Larry Page ($102.8 billion), 48, and the 47-year-old Sergey Brin ($99.6 billion)<\/p>\n<p><i><span>The Daily Wire is one of America\u2019s fastest-growing conservative media companies and counter-cultural outlets for news, opinion, and entertainment. Get inside access to The Daily Wire by becoming a <\/span><\/i><a href=\"https:\/\/www.dailywire.com\/subscribe\"><i><span>member<\/span><\/i><\/a><i><span>.<\/span><\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A 72-year-old French fashion executive and investor was briefly listed Monday as the richest man in the world, but then promptly lost the distinction when Amazon CEO Jeff Bezos, 57, &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2312886,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Bernard-Arnault.jpg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"French Fashion Executive Becomes Richest Man In World, Gets Overtaken By Bezos Hours Later","footnotes":""},"categories":[],"tags":[],"class_list":["post-539140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/05\/Bernard-Arnault.jpg?w=1200&h=800&ixlib=react-9.0.3","fifu_image_alt":"French Fashion Executive Becomes Richest Man In World, Gets Overtaken By Bezos Hours Later","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/539140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=539140"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/539140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2312886"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=539140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=539140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=539140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}