When Amazon founder Jeff Bezos recently went into space, there was a lot of talk about the richest man on earth in his absence. But this time, the name of the top rich man has changed as the world is not 11 minutes of lies. Last Friday, Shares of Amazon fell 7.6 percent in one day. That reduced Bezos’ wealth to 1.3 trillion dollars. According to Forbes, Bernard Arnault, owner of the French luxury company Moyet Hennessy Louis Vuitton (MHLV), took the opportunity to become the richest man in the world.
Since the end of May this year, there has been a fierce battle between the two millionaires to become the world’s wealthiest people. This fight lasted till the beginning of June. But for 50 days, Bezos was the richest man in the world.
However, Bernard Arnault did not take advantage of the stock market on Friday. The total share of his luxury brand fell 1.4 percent. Bernard Arnault also lost 2.9 billion, but his net worth was 19.29 billion, 500 million more than Bezos by the end of the week. That’s how Bernard Arnault left Bezos behind. Since the end of May this year, there has been a fierce battle between the two millionaires to become the world’s wealthiest people. This fight lasted till the beginning of June. But for 50 days, Bezos was the richest man in the world. Even the massive cost of his spaceflight on July 20 did not move him from the position of the top rich man.
Bernard Arnault’s wealth has increased by 10 trillion dollars since the Corona outbreak last year. The MHLV sales chart was fixed at the top last summer. Naturally, Bernard Arnault, who owns 48 percent of the company’s shares, has a market capitalization of over Rs 40,000 crore. MHLV’s companies are Louis Vuitton, Moyet & Chandon, Christian Dior, and Tiffany & Co.
Amazon did well in the second quarter, despite falling stock prices. At that time, their sales were 11 thousand 300 million dollars. 27% is more than the same period last year. However, in the first quarter of this year, the growth of Amazon was 44 percent. Amazon says its revenue in the third quarter will be between 10,600 and 11,200 billion dollars. However, market analysts had expected 11.9 billion.