The top of the richest people of the world could change soon. Bernard Arnault, chairman and CEO of LVMH (LVMHF), is now worth more than $106 billion according Forbes.
Arnault and his family own more than 47% of the French luxury goods giant Tiffany. At this time, Microsoft co-founder Bill Gates has a net worth of $107 billion and Amazon’s CEO Bezos tops the Forbes list with a fortune of just under $110 billion. Things look different for others evaluators. Arnault's net worth was estimated at $100 billion while Gates and Bezos are listed at $109 billion, by Bloomberg. So, the group of the richest people was enlarged.
Just to remember, from Forbes perspective, Berkshire Hathaway's Warren Buffett is worth $86 billion while Facebook CEO Mark Zuckerberg has a net worth of about $75 billion. Bernard Arnault also is an art collector. His collection includes work by Picasso, Yves Klein, Henry Moore, and Andy Warho. From 1999 to 2003, he owned Phillips de Pury & Company, an art auction house, and bought out the first French auctioneer, Tajan. Arnault is the richest person in Europe.