Bernard Arnault could become richer than Jeff Bezos and Bill Gates, thanks to LVMH's record-breaking acquisition of Tiffany
Jeff Bezos may have just reclaimed the title of the richest man on Earth from Bill Gates, but he may be in danger of losing it to another centi-billionaire LVMH chairman Bernard Arnault.
A recent jump in LVMH's share price could push Arnault's net worth above that of both Bezos and Gates, CNN's Paul R. La Monica reported Tuesday. Currently, Arnault's net worth is $7 billion behind Gates and $8 billion behind Jeff Bezos, according to the Bloomberg Billionaires Index.
Despite a recent history of stability, the wealth lists maintained by Forbes and Bloomberg have been unusually mobile in 2019 as the world's three richest men have become even more wealthy. Arnault displaced Warren Buffett from the No. 3 spot in March, and in June, he became only the third person in human history to accumulate a fortune of over $100 billion, Business Insider previously reported.
In July, Gates was temporarily ranked as the world's third-richest person behind Bezos and Arnault for the first time in at least seven years, according to Bloomberg. Then, in a surge in Microsoft's stock price led Bill Gates to first overcome Arnault, and then temporarily end Jeff Bezos' two-year reign as the richest person on Earth on November 19. Gates is now worth $110 billion .
A recent jump in LVMH's share price could push Arnault's net worth above that of both Bezos and Gates, CNN's Paul R. La Monica reported Tuesday. Currently, Arnault's net worth is $7 billion behind Gates and $8 billion behind Jeff Bezos, according to the Bloomberg Billionaires Index.
Despite a recent history of stability, the wealth lists maintained by Forbes and Bloomberg have been unusually mobile in 2019 as the world's three richest men have become even more wealthy. Arnault displaced Warren Buffett from the No. 3 spot in March, and in June, he became only the third person in human history to accumulate a fortune of over $100 billion, Business Insider previously reported.
In July, Gates was temporarily ranked as the world's third-richest person behind Bezos and Arnault for the first time in at least seven years, according to Bloomberg. Then, in a surge in Microsoft's stock price led Bill Gates to first overcome Arnault, and then temporarily end Jeff Bezos' two-year reign as the richest person on Earth on November 19. Gates is now worth $110 billion .