Losing $ 760 million in a day, Jeff Bezos is no longer the richest person on the planet

Jeff Bezos’ net worth was blown off US $ 760 million to US $ 115.6 billion as Amazon shares fell 0.7% at the end of the trading session on January 17. Although this amount may not be “absorbed” compared to the vast fortune that Bezos owns, it is enough to “dethrone” his richest man in the world billionaire rankings in real time. Forbes.

And the richest person on the new planet (once again) is Bernard Arnault, CEO of the luxury fashion empire LVMH. According to statistics, Arnault made $ 1.9 billion on January 17 when LVMH shares rose 0.7%.

In June last year, Arnault became the third richest billionaire in the world and since then, he has often “threatened” the top two positions of Jeff Bezos and Bill Gates. Today, the French billionaire owns $ 117 billion, up from $ 102 billion when he appeared on the cover of Forbes magazine four months ago. In an interview with this magazine, the brand “tycoon” shared: “If you compare us with Microsoft, we are still very humble. However, all is just the beginning.” His LVMH Group has been active since 2020.

Arnault now owns $ 7 billion more than Bill Gates, co-founder of Microsoft and the 3rd richest billionaire in the world. Even so, it’s true that Gates would be richer than Bezos and Arnault if he hadn’t given away $ 35.8 billion to charitable donations over the years.

The last time Arnault defeated Bezos to become the richest man in the world was last December. Because the assets of the two tycoons are less than $ 2 billion, perhaps in the near future, this position will change many times.

One note is that according to the Bloomberg Billionaires Index, Bill Gates and Jeff Bezos are still the top 2 richest people in the world while LVMH boss is still in 3rd place.