Bernard Arnault.
AFP via Getty Images
Less than a month after reaching the pinnacle of a $200 billion net worth for the third time in late April, Amazon founder Jeff Bezos can no longer claim to be the richest person in the world. He now has a neighbor at the top spot: French billionaire Bernard Arnault, the head of luxury goods group LVMH, ended the day $800 million richer—with a net worth of $186 billion—after the company’s shares closed nearly half a percent higher in Europe. On the other side of the Atlantic, Amazon stock dropped by a little more than 1% on Friday, shaving $2.3 billion from Bezos’ net worth and placing both men at the $186 billion mark.
For a brief moment just before the market closed in New York on Friday, Arnault was roughly $100 million richer than Bezos and alone at the top. It’s not the first time that’s happened: At around 10:30 am ET on December 16, 2019, Arnault edged past Bezos until Amazon stock…
