France’s Bernard Arnault becomes the world’s richest person

The Briefing

• French billionaire, Bernard Arnault, became the world’s richest person with a net worth surpassing $186B
• Arnault, whose fortunes are largely tied to luxury conglomerate LVMH, has seen a staggering 145% increase in his net worth since the beginning of the pandemic

This week, French billionaire, Bernard Arnault, became the world’s richest person.

Arnault’s rise into top spot is particularly noteworthy since American billionaires – particularly in the technology sector – have dominated the world’s richest people ranking for a number of years. Amazon’s Jeff Bezos remains neck-and-neck with Arnault, with Elon Musk still within striking distance.

Rank	Name	Country	Net Worth (May 24, 2021)
1	Bernard Arnault	France	$186.3 billion
2	Jeff Bezos	United States	$186.0 billion
3	Elon Musk	United States	$147.3 billion

Jeff Bezos began 2021 in top spot, but has been challenged by both Elon Musk and Bernard Arnault. The former took a hit after Tesla’s stock began to cool off after hitting a record high in Q1 2021.