French fashion tycoon Bernard Arnault overtakes Jeff Bezos to become the world’s richest man

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French fashion tycoon Bernard Arnault today crept ahead of Jeff Bezos to become the world’s richest man as his net worth climbed to $186.3billion.

The chief executive of Moët Hennessy Louis Vuitton (LVMH) saw his luxury goods firm stock increase by 0.4 per cent during the first hours of trading on Monday.

The rise pushed Arnault’s personal stake up by more than $600million and placed LVMH’s market cap at $320billion, according to Forbes.

Arnault’s overall net worth has jumped to $186.3billion, reportedly seeing him edge past Amazon CEO Jeff Bezos, who is worth $186billion, by ‘only’ $300million in the world’s rich list.

It comes just days after Arnault pushed Elon Musk, worth $147.3billion, out of his spot as the world’s second richest man after Tesla’s share price sank.

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