LV boss became the world's second richest man, with $100 million more than gates
According to the Forbes real-time rich list, the share price of French luxury giant LVMH has been hot since early October, driving its CEO Bernard & middot; Arnold once again surpassed Bill & middot; Gates has become the world's second richest man.
Bloomberg said that if it were not for Gates' charitable donation, Gates would still be the richest man in the world. Gates donated more than $35 billion to the bill Melinda Gates Foundation.
As of 5:20 p.m. Eastern time on Wednesday (4:20 a.m. Beijing time on Thursday), Arnott's net assets were $107 billion, 100 million more than Gates's $106.9 billion.
In fact, as early as July 17 this year, Arnold briefly surpassed gates and became the second richest man in the world in the ranking of Bloomberg billionaires indes. But then it fell back to third place.
With Jeff & middot, the world's richest man; Compared with Bezos, Arnault's wealth is $5.2 billion less. Bezos currently has a net worth of $112.3 billion.
Arnault, 70, controls half of LVMH through his family company. At present, LVMH group has 75 high-end brands, covering five main areas of wine and spirits, fashion and leather goods, perfume and cosmetics, watches and jewelry, and high-end retail groups. LVHM's well-known brands include Louis Vuitton, Luo Yiwei, Dior, Bulgari, zhemova, sailin, Fendi, Givenchy, Guerlain, etc.
This is a great year for the luxury giant. When Forbes released the 2019 global rich list in March this year, Arnault also ranked fourth with a net asset of US $76 billion, behind Bezos, gates and Buffett. But since then, his LVMH group's share price has soared by more than a third.
According to the monitoring of fashion business express, LVMH's share price reached 398.4 euros on Monday, and its market value once exceeded 200 billion euros. At present, the market value of LVMH competitor and Gucci parent company Kaiyun group is 65.56 billion euros, Hermes group is 68.85 billion euros, and Richemont group is 37.77 billion euros.
It is noteworthy that LVMH is negotiating with Tiffany, an American luxury jewelry brand, on the acquisition. As of Monday's closing, LVMH's share price rose 2.12% to 397.5 euros last week, with a market value of about 1967 billion euros.