French luxury conglomerate LVHM’s chairman, Bernard Arnault on Monday replaced Jeff Bezos to become the world’s richest man with an estimated net worth of $186.3 billion. He surpassed Jeff Bezos by $300 million and Elon Musk by $39 billion. according to Forbes estimates.
Arnault’s fortune has jumped from $76 billion in March 2020 to $186.3 billion on Monday, a massive rise of over $110 billion in the past 14 months, thanks to a pandemic-defying performance by his luxury group LVMH.
LVMH, which also owns household names like Fendi, Christian Dior and Givenchy, rose 0.4% during the first hours of trading on Monday, putting its market cap at $320 billion and pushing Arnault’s personal stake up by more than $600 million.
However, Jeff Bezos returned to the number one spot later this week as his net worth has now soared to $188.2 billion
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BAsda and Deliverect Deepen Partnership to Power Rapid Delivery Across Asda Express
SQUATWOLF’s Kuwait Flagship Store Anchors Its Regional Growth Ambitions
Global beauty icon Ulta Beauty to make Riyadh debut at Panorama Mall
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Grandiose, one of the leading grocery retailers in the UAE with a
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In a move that blurs the line between shopping and investing, Apparel
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Founded in Barcelona in 1984 by Isak Andic, global fashion brand Mango
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Spanish retail group Inditex continues to see “strong growth opportunities” as the
Within the first hour of 6.18 global beauty brand L’Oréal clocked sales
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The King’s Coronation ceremony scheduled on May 6, 2023, is expected to
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