Interesting Facts about Bernard Arnault, who momentarily dethroned Jeff Bezos as the richest man

The luxury goods CEO Bernard Arnault witnessed his net worth rise steeply, resulting in dethroning of the Amazon CEO Jeff Bezos who has been at perch atop. According to the Forbes list of real-time billionaires, Mr. Arnault became the world’s richest man on Monday with a net worth of $109.6bn. Around 10:30 a.m. ET, shares of his luxury conglomerate LVMH hit $458.46, propelling Arnault past Amazon’s Jeff Bezos. However, the title was short-lived; as, by the 4 p.m. market close, Amazon stock had risen 0.7%. Arnault finished the day with $109.3 billion to his name, compared to Bezos’ $110.1 billion. Nonetheless, Arnault remains firmly ahead of Bill Gates ($107.8 billion), who he passed for the number two spot on Friday.