Bernard Arnault: This is the French businessman who just beat out Amazon’s Jeff Bezos as world’s top billionaire, report says

FILE - In this Jan. 28, 2020 file photo, CEO of LVMH Bernard Arnault presents the group's 2019 results during a press conference, in Paris. Arnault and Tods founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker. Shares in the Italian luxury fashion group Tods jumped by more than 10%, to 39.02 euros, Friday on news of the 75-million-euro deal. (AP Photo/Thibault Camus, File)
FILE - In this Jan. 28, 2020 file photo, CEO of LVMH Bernard Arnault presents the group's 2019 results during a press conference, in Paris. Arnault and Tods founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker. Shares in the Italian luxury fashion group Tods jumped by more than 10%, to 39.02 euros, Friday on news of the 75-million-euro deal. (AP Photo/Thibault Camus, File) (Copyright 2020 The Associated Press. All rights reserved)

HOUSTON – The world now has a new billionaire as of Monday.

French businessman Bernard Arnault, who oversees multiple popular luxury fashion brands from Louis Vutton to Christian Dior, topped Amazon CEO Jeff Bezos as the world’s richest person.

13. Bernard Arnault & Family -- The chairman of the French luxury goods group LVMH is worth an estimated $37.2 billion. (Pascal Le Segretain/Getty Images)

Arnault and his family’s new net worth of $186.3 billion was made official by Forbes on Monday, however, both Arnault and Bezos’ rankings seesawed throughout.

His company, LVMH, was one of several companies that thrived during the coronavirus pandemic.

For several years, Americans have ruled the top three spots in Forbes’ Richest People rankings, from Bezos to Tesla CEO Elon Musk, and Microsoft’s Bill Gates, Forbes reported.


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