How much Bernard Arnault Net Worth become Big in 2021?
On 24th May, Luxury fashion brand emperor Bernard Arnault briefly holds the world’s richest man seat for a short time. His net worth was approximate $186.3 billion which is $300 million more than Jeff Bezos. So in today’s blog, we are going to know How much Bernard Arnault net worth become Big in 2021?
French tycoon Bernard Arnault’s wealth has jumped from $76 billion to $186.3 billion from March 2020. This is a massive rise of over $110 billion in just 14 months of pandemic. The reason was rising in share price by his fashion luxury group LVMH (Louis Vuitton Moët Hennessy).
LVMH also owns brands like Fendi, Christian Dior and Givenchy. On the first hours of trading on Monday, the group rose 0.4% in stocks. That growth is putting their market capital at $320 billion. And this is the only reason which pushed Arnault’s personal stake up by more than $600 million.
The LVMH group and Arnault represent the notable rise in Europe’s luxury and fashion houses during corona pandemic lockdown. In pandemic, LVMH conglomerate recorded their high revenue of $17 billion for the first quarter of 2021. This revenue is up by 32% compared to the same period in the year 2020.
On world’s richest seat
More the years, the top of Forbes’ billionaires list has been largely conquered by Americans only. The number one spot has been occupied by U.S. Citizens Jeff Bezos, Elon Musk, Bill Gates and Warren Buffett for the best part of two decades, with only Mexico’s Carlos Slim disrupting their dominance for any notable period of time.
Bernard Arnault appeared among the rich rundown in the best 10 in 2005, with $13 billion abundance. Bernard Arnault has been in the best 5 since the year 2018. In 2020 he was at No. 11. He turned into the third-most extravagant individual in 2019, with a $76 billion fortune. He even surpassed Bezos to momentarily turn into the world’s most extravagant individual, at around 10:30 a.M. EST on December 16, 2019, when he edged past Bezos. Amazon stock at last shut higher, thumping the French big shot back to No. 2.
Since the start of the pandemic, the net worths of the world’s richest people have fluctuated wildly, with many jumping by billions. Elon Musk briefly became the richest person in the world in January 2021, when his net worth hit $189.7 billion. That represented an astonishing $165 billion gain since March 2020, when he was worth $24.6 billion.
Well, it has been hardly 24 hours and those few hundred million dollars matter a great deal when you’re this rich and want that popular “world’s richest person” title.
That’s all for today on bernard arnault net worth
If you like the post, make sure to share it with your friends. In the last take care of yourself and your family.
We will catch you in the next one.