Economy 18:25 20/01/2020 World

Bernard Arnault unseats Jeff Bezos as world's richest person - Forbes

Bernard Arnault unseats Jeff Bezos as world's richest person - Forbes
Jeff Bezos, the founder and president of Amazon is no longer the world’s richest person, according to Forbes’ ranking of the world’s billionaires . The ecommerce titan’s net worth slid by $760 million to $115.6 billion as Amazon shares dipped 0.7% today.

The planet’s new richest person Bernard Arnault, the chief executive of luxury goods behemoth LVMH. Arnault gained $1.9 billion in net worth on Friday as LVMH stock edged up by 0.7%. The Frenchman is currently worth $117 billion, up from $102 billion when he graced the cover of Forbes less than four months ago, the source said.

It is noted that Arnault is $7 billion richer than Microsoft cofounder Bill Gates, who remains the third-wealthiest person in the world, behind Arnault and Bezos. Gates would be richer than both men had he not given $35.8 billion, and counting, to charity over his lifetime.



Source Panorama.am
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