Bernard Arnault, the French man who owns LVMH, the largest luxury group in the world, has once again left Jeff Bezos, the American man who owns Amazon, the largest online store in the world, becomes the richest man in the world.
According to Forbes latest report on 17 January 2020, Jeff Bezos’s worth slid by $760 million to $115.6 billion as Amazon shares dipped 0.7%, while Bernard Arnault gained $1.9 billion in net worth as LVMH stock edged up by 0.7% to make his net worth increasing to $117 billion, $15 billion more than his net worth at the time when he apparead on the cover of Forbes in October 2019.
It is not the first time LVMH triumphs over Amazon. In December 2019 for a short while Bernard Arnault has replaced Jeff Bezos as the richest man on the planet.
Let’s hope that this time, the French man of elegance who collects art, plays tennis and piano will triumph over the American man who has made his online store a largest juggle in the world flooded with cheaply and badly made stuff that are disgusting to look at and terrible to use.
The triumph of Bernard Arnault, will hopefully awaken more people’s appreciation of objects of beauty, quality and elegance in
As Bernard Arnault he himself has said to Forbes, “It’s just the beginning.”