LVMH chairman and CEO Bernard Arnault has joined the โcentibillionairesโ club. Never heard of that term before? Neither had we, but we suppose itโs probably due to the fact that it only has three members.
Just three. Only three individuals in the world have a net worth north of US$100 billion. Let that sink in for a moment.
Arnault scraped in on Tuesday when LVMHโs stock jumped 2.9 per cent (โฌ368.80 EUR), confirming his revised net worth of US$100.4 billion, roughly 3 per cent of Franceโs economy.
To no oneโs surprise, Amazon CEO Jeff Bezos is still the king of the castle with US$157.54 billion (his divorce settlement doesnโt come into effect until July), followed by Bill Gates, whoโs not that far above Arnault himself, sitting on US$103.05 billion, according to Forbesโ real-time billionaires list.
LVMHโs success this year has attributed to a wealth increase of $32 billion USD for Arnault this year alone.
RELATED: A Look At LVMH Chairman Bernard Arnaultโs $200 Million Feadship Symphony
Source: BOF.com
