Jeff Bezos is now the richest person in the world after surpassing Bernard Arnault
Jeff Bezos, the founder of Amazon, on Thursday, March 21, replaced Bernard Arnault as the richest person in the world.
According to data from the Bloomberg Billionaires Index, Bezos has a net worth of US$201 billion.
His net worth increased by $2 billion from $199 billion on March 20.
The publication said Bezos' source of wealth comes from his e-commerce and cloud computing company Amazon, as well as investments in the media and streaming markets.
Arnault fell from the top spot after a $3 billion decline in his net worth, which dropped from $202 billion to $199 billion in 24 hours.
After the crash, Arnault, owner of Louis Vuitton and Moët Hennessy (LVMH), is now second on the list of the world's richest people. Arnault is described as an investor and art collector, with an empire of 75 fashion and cosmetics brands, which includes Sephora.
The French businessman also owns the jewelry company Tiffany & Co. after acquiring the company for US$16 billion in 2021.
Elon Musk, owner of Tesla and X (formerly Twitter), closely follows the Frenchman in third place, with a net worth of US$189 billion.
Facebook founder Mark Zuckerberg comes in fourth place, with an estimated wealth of US$179 billion, while Bill Gates, founder of Microsoft, comes in fifth place, with an estimated net worth of US$153 billion.
Source: www.lindaikejisblog.com