{"id":259140,"date":"2021-05-25T21:05:05","date_gmt":"2021-05-25T18:05:05","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/jeff-bezos-battles-with-lvmh-boss-for-title-of-worlds-richest-man\/"},"modified":"2021-05-25T21:05:05","modified_gmt":"2021-05-25T18:05:05","slug":"jeff-bezos-battles-with-lvmh-boss-for-title-of-worlds-richest-man","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/jeff-bezos-battles-with-lvmh-boss-for-title-of-worlds-richest-man\/","title":{"rendered":"#Jeff Bezos battles with LVMH boss for title of world\u2019s richest man"},"content":{"rendered":"

“#Jeff Bezos battles with LVMH boss for title of world\u2019s richest man<\/strong>”<\/p>\n

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Jeff Bezos is locked in a tug-of-war with French luxury tycoon Bernard Arnault for the title of world\u2019s richest person, with each of them temporarily grabbing the top spot in recent days.\u00a0<\/p>\n

Arnault \u2014 head of LVMH, the luxury empire that owns Louis Vuitton, Tiffany and Dom Perignon \u2014 held the title as of midday Tuesday as LVMH\u2019s stock closed 0.7 percent higher on the Paris stock exchange while Amazon shares on the Nasdaq were recently flat, according to Forbes\u2019 real-time billionaires list<\/a>.\u00a0<\/p>\n

Both Arnault and Bezos currently command fortunes of about $188.3 billion, although Arnault has a slight edge over Bezos, according to Forbes.\u00a0<\/p>\n

Arnault on Monday morning had first overtaken Bezos \u2014 who has spent most of the past year in the No. 1 spot, trading it occasionally with Tesla CEO Elon Musk. By Monday afternoon, however, Amazon stock had risen by 1.3 percent compared to LVMH\u2019s 1.2 percent, putting Bezos back on top until early Tuesday.\u00a0<\/p>\n

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The LVMH conglomerate includes bauble-selling retail giant Tiffany.<\/figcaption>
SOPA Images\/LightRocket via Gett<\/span><\/figcaption><\/figure>\n

The pair are followed by Musk, whose net worth is currently pegged at $151.4 billion following a recent drop in Tesla shares; scandal-plagued Microsoft founder Bill Gates, whose net worth of $126.3 billion is sure to shrink following his divorce from wife Melinda; and Facebook<\/a> founder Mark Zuckerberg, who is currently worth $118.7 billion, according to Forbes.\u00a0<\/p>\n

Unlike many other modern billionaires, 72-year-old Arnault made his fortune with old-fashioned retail stores rather than online. He formed LVMH by merging luxury fashion house Louis Vuitton and upscale spirit-maker Mo\u00ebt Hennessy in 1987. The firm is now Europe\u2019s most valuable company and controls a slew of brands like Christian Dior, Givenchy, Marc Jacobs and Celine.\u00a0<\/p>\n

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Bernard Arnault\u2019s son Alexandre, right, works as an executive at Tiffany.<\/figcaption>
AFP via Getty Images<\/span><\/figcaption><\/figure>\n

In January, LVMH completed its $15.8 billion acquisition of US jeweler Tiffany and installed Arnault\u2019s son Alexandre as executive vice president. And in February, a LVMH-backed fund took a majority stake in German sandal-maker Birkenstock.\u00a0<\/p>\n

Despite pandemic-related pressure on pocketbooks, LVMH reported record revenue<\/a> of 14 billion Euros in the first quarter of 2021, buoyed by strong demand from Chinese and US shoppers.\u00a0<\/p>\n

Arnault\u2019s family owns 47.5 percent of LVMH, according to the company\u2019s 2020 annual report<\/a>.\u00a0<\/p>\n

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Facebook CEO Mark Zuckerberg is worth $118.7 billion, according to Forbes.\u00a0<\/figcaption>
Anadolu Agency via Getty Images<\/span><\/figcaption><\/figure>\n

Bezos, meanwhile has seen his wealth balloon as Amazon has grown at a breathtaking pace during the pandemic. The company reported a 44 percent year-over-year increase in sales to $108.5 billion in the first quarter of the year.\u00a0<\/p>\n

Amazon cloud computing head Andy Jassy will replace Bezos as CEO later this year.\u00a0\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Jeff Bezos battles with LVMH boss for title of world\u2019s richest man” Jeff Bezos is locked in a tug-of-war with French luxury tycoon Bernard Arnault for the title of world\u2019s richest person, with each of them temporarily grabbing the top spot in recent days.\u00a0 Arnault \u2014 head of LVMH, the luxury empire that owns Louis…<\/p>\n","protected":false},"author":1,"featured_media":259141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/05\/richest.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[107165,2758,88234,70971,70964,71631,5086],"class_list":["post-259140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-5-25-21","tag-amazon","tag-bernard-arnault","tag-billionaires","tag-forbes","tag-jeff-bezos","tag-louis-vuitton"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/259140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=259140"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/259140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/259141"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=259140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=259140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=259140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}