Business Luxury LifestyleC-Suite Agenda

French Billionaire Bernard Arnault On Track To Become The World’s Richest Person

Bernard Arnault

Tiffany & Co’s new owner, Bernard Arnault has overtaken Bill Gates to be named the world’s second-wealthiest man, according to Forbes’ Real-Time Billionaire Rankings. It was revealed that French luxury group LVMH which is owned by Bernard Arnault, agreed to purchase the iconic New York jeweler Tiffany & Co for $16.2 billion, the billionaire’s fortune is up 2.8%, or $2.85 billion.

That puts Bernard Arnault, the wealthiest man in Europe, behind only Amazon CEO Jeff Bezos, whose net worth sits at $113 billion, according to the list. Gates, meanwhile, has a net worth of $107.4 billion.

Jeff Bezos could also lose his title as the richest person in the world this week after LVMH CEO Bernard Arnault signed to buy the jewelry giant Tiffany for $16 billion. LVMH already owns 75 brands including Christian Dior, Fendi, and Givenchy as well as watchmaker Tag Heuer.

The French business magnate’s net worth is over $107.5 billion, while Bezos is still on top with a net worth of about $113 billion. As of today, these are the top 20 richest people in the world:

  1. Jeff Bezos: $113 billion
  2. Bernard Arnault: $107.5 billion
  3. Bill Gates: $107.4 billion
  4. Warren Buffett: $86.9 billion
  5. Mark Zuckerberg: $74.9 billion
  6. Larry Ellison: $69.2 billion
  7. Amancio Ortega: $69.2 billion
  8. Carlos Slim Helu: $60.9 billion
  9. Mukesh Ambani: $60.7 billion
  10. Larry Page: $59.6 billion
  11. Sergey Brin: $57.5 billion
  12. Francoise Bettencourt Meyers: $55.7 billion
  13. Steve Ballmer: $55.6 billion
  14. Michael Bloomberg: $54.7 billion
  15. Jim Walton: $53.1 billion
  16. Alice Walton: $52.8 billion
  17. Rob Walton: $52.8 billion
  18. Charles Koch: $42.8 billion
  19. Julia Koch & family: $42.8 billion
  20. Jack Ma: $41.4 billion

Bernard Arnault, Jeff Bezos, and Bill Gates are all comfortably ahead of other mega-billionaires as well. Warren Buffett is worth $86.9 billion while Mark Zuckerberg has a net worth of about $74.9 billion.

Larry Ellison and Spanish retail magnate Amancio Ortega are each worth just under $69.2 billion.

The 70-year-old founder and chairman of French luxury giant LVMH – is currently the richest person in Europe and the second richest in the world with a total net worth of $107.5 billion. He will likely surpass Jeff Bezos and Bill Gates to become the world’s richest person.

Have you read?

For those who are planning their next business trip, here are the best hotels for business travelers to stay in Nashville, Boston, New York City, Seattle, Savannah, Orlando, San Diego, Hawaii, and New Orleans.

Track Latest News Live on CEOWORLD magazine and get news updates from the United States and around the world. The views expressed are those of the author and are not necessarily those of the CEOWORLD magazine.
Follow CEOWORLD magazine headlines on Google News, Twitter, and Facebook. For media queries, please contact:
Alexandra Dimitropoulou

Alexandra Dimitropoulou

VP and News Editor
Alexandra Dimitropoulou is a VP and News Editor at CEOWORLD magazine, working to build and strengthen the brand’s popular, consumer-friendly content. In addition to running the company’s website, CEOWORLD magazine, which aims to help CEOs, CFOs, CIOs, and other C-level executives get smarter about how they earn, save and spend their money, she also sits on the Board of Directors of the Global Business Policy Institute. She can be reached on email You can follow her on Twitter at @ceoworld.