There's a new Sheriff in town with almost $200 Billion in his wallet

[theking]

With an empire of handbags and cognac, Bernard Arnault elbows past tech titan Jeff Bezos to top world’s richest list

French luxury mogul Bernard Arnault isn’t sending anybody into outer space, but his fortunes sure are taking off.

On Tuesday, Arnault’s net worth topped $196.8 billion—beating Amazon founder Jeff Bezos to become the richest person in the world.

One makes rockets, the other makes handbags. Bezos and Arnault have been knocking each other off the Forbes Real-Time Billionaires List for the past few weeks, and the two are head-to-head. Arnault’s entire family net worth puts him a mere $1.5 billion above Bezos.

[theking]

Well that didn't last long  :

Jeff Bezos Net Worth Jumps to $211 Billion, Making Him the Richest Person Ever

[theking]

Trading places again.. :

Jeff Bezos is no longer the richest person on the planet after his net worth drops $13.9 billion in one day

The drop in Bezos’ net worth allowed for French tycoon Bernard Arnault to claim the No. 1 spot of the ultra-wealthy. Arnault heads the luxury goods conglomerate LVMH LVMH, +0.19%, whose subsidiaries include Louis Vuitton, Sephora, Moët & Chandon and Tiffany & Co.

It might seem that a global pandemic and economic recession would set the luxury goods market back a bit, but Arnault remarkably grew his wealth by nearly $100 billion during the first year of the pandemic.