Bernard Arnault: The Odd Man Out Among The Techie Billionaires

The battle of the billionaires: Bezos, Musk, Gates, and Zuckerberg — 4 of the 5 richest billionaires in the world, by Forbes’s Global Wealth League Table — all made their money in technology. Bernard Arnault seems to have become the odd man out among the techie multibillionaires.

Judging by their success, technology is the money-making engine of the day. But, Bernard Arnault, owner of luxury goods conglomerate LVMH, was again the richest person in the world. LVMH, which stands for Louis Vuitton Moet Hennesy, is a powerhouse luxury goods company that includes major brands like Christian Dior, Givenchy, Celine, Bulgari, and of course, Louis Vuitton.

LVMH Moët Hennessy Louis Vuitton is currently Europe’s most valuable company, with an estimated valuation of over $330 billion. It employs 148343 people. LVMH reported a recorded revenue of around $17.2 billion thus far in 2021, up 32% from the same time period last year, per a company report.

They are at the cutting edge of fashion, but definitely not of TECH. Any conclusions you formed about the nature of the modern economy by considering Jeff Bezos, Elon Musk, Bill Gates, and Mark Zuckerberg have to be revisited in light of Arnault’s net worth of US$192.2 billion.

LVMH chief executive Bernard Arnault and Amazon founder Jeff Bezos have spent the past few days swapping the pole position in the global wealth league table. Arnault’s net worth jumped to US$192.2 billion which was slightly higher than Bezos’ $187 billion net worth, per reports.

Here are the 10 wealthiest individuals worldwide

1. Bernard Arnault (US$192.2 billion)
2. Jeff Bezos (US$187 billion)
3. Elon Musk (US$156.4 billion)
4. Bill Gates (US$126.8 billion)
5. Mark Zuckerberg (US$119.2 billion)
6. Warren Buffett (US$109.5 billion)
7. Larry Page (US$102.8 billion)
8. Larry Ellison (US$102.7 billion)
9. Sergey Brin (US$99.6 billion)
10. Francoise Bettencourt Meyers (US$89.5 billion)

Collectively, the top 10 richest people in the world are worth $1.15 trillion — a $686 billion increase from last year. At the time of Forbes’ ranking, the 10 richest billionaires were Jeff Bezos (Amazon), Elon Musk (Tesla and SpaceX), Bernard Arnault (LVMH), Bill Gates (Microsoft), Mark Zuckerberg (Facebook), Warren Buffett (Berkshire Hathaway), Larry Ellison (Oracle), Larry Page (Google), Sergey Brin (Google) and Mukesh Ambani (Reliance Industries).