French billionaire Bernard Arnault Becomes The World’s Wealthiest Man

Prof. Dr. Amarendra Bhushan DhirajStats GateMay 30, 2021

With an incredible US$192.2 billion fortune, Bernard Arnault, the boss of Moet Hennessy Louis Vuitton (LVMH), is now reportedly the world’s wealthiest man, placing him above Amazon boss Jeff Bezos who is said to be worth US$187 billion.

Elon Musk, the head of Tesla, is said to be the third wealthiest man in the world. Musk is thought to be worth US$156.4 billion, according to the publication.

Bernard Arnault’s name may be new to some, but the French tycoon has been one of the top 5 wealthiest people globally since 2018 and has been a billionaire for well over a decade.

He oversees an empire that includes many iconic French luxury brands, including; Christian Dior, Givenchy, Marc Jacobs, Stella McCartney, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, and Bulgari. His luxury group, LVMH (Louis Vuitton Moët Hennessy), also spans wines and spirits, perfumes and cosmetics, watches and jewellery, and hospitality industries. In January 2021, LVMH Moët Hennessy Louis Vuitton completed a deal for Tiffany & Co for nearly $16 billion, in what is possibly the largest luxury brand acquisition in history.

Here are the 10 wealthiest individuals worldwide

Bernard Arnault (US$192.2 billion)
Jeff Bezos (US$187 billion)
Elon Musk (US$156.4 billion)
Bill Gates (US$126.8 billion)
Mark Zuckerberg (US$119.2 billion)
Warren Buffett (US$109.5 billion)
Larry Page (US$102.8 billion)
Larry Ellison (US$102.7 billion)
Sergey Brin (US$99.6 billion)
Francoise Bettencourt Meyers (US$89.5 billion)

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Prof. Dr. Amarendra Bhushan Dhiraj

Prof. Dr. Amarendra Bhushan Dhiraj is a media and technology executive, macro-economist, strategic thinker, chair, and chief executive officer of the CEOWORLD magazine, one of the world’s most influential and recognized global news publications. Under Dr. Amarendra's leadership, CEOWORLD magazine has become the world's most iconic news organization, whose rigorous reporting and unsurpassed storytelling connect with millions of business leaders daily. Additionally, he serves as the chair and founding member of the CEOWORLD magazine’s Inclusion Advisory Board.

In his current role, he counsels and collaborates with c-suite executives of large multinational corporations, helping them drive change in their companies to improve their competitiveness. Dr. Amarendra has extensive experience in serving on numerous boards. He leads and supports a globally dispersed team of columnists, correspondents, editors, journalists, reporters, researchers, and industry analysts.

He received his Ph.D. in Finance and Banking from the European Global School, Paris, France. He also received his Doctoral Degree in Chartered Accountancy from the European International University Paris, France, and a Doctorate in Business Administration from Kyiv National University of Technologies and Design (KNUTD), Ukraine. He earned his Master of Business Administration degree in Finance and his master’s degree in Chartered Accountancy (CA) from European Global School Paris. Dr. Amarendra also holds a Master of Business Administration degree in International Relations and Affairs from the American University of Athens, Alabama, United States.

As CEO, he transformed the CEOWORLD magazine into a highly efficient, digital-first, profitable enterprise. Today, CEOWORLD magazine is a standard bearer for modern responsible journalism. Dr. Amarendra retains a strong desire to continuously improve his skills and abilities and believes that the first step to being a true leader is to inspire others to lead with you.

Prof. Dr. Amarendra Bhushan Dhiraj is the CHAIR, CEO, AND EDITORIAL DIRECTOR of the CEOWORLD magazine. Connect with him through LinkedIn.

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