Forbes has released the world's richest man, Bernard Arnault aged 72, the world's richest man. Jeff Bezos slips to second.
Bernard Property worth $ 19,910 crore according to Indian currency its over 14 billion. Bezos, founder of Amazon now has worth $ 19,380 crore.. In third place is Elon Musk, whose net worth is $ 18,470 billion.
Bernard Arnold is a French citizen and the head of Luxury Goods Company called Louis Vuitton Mot Honesi (LMHV). The company sell world's largest luxury goods under many brands like Fendi, Christian Dior, Givenchy.
LMHV Company recorded revenue of 14 billion in the first quarter of 2021. This is an increase of 32 per cent compared to the first quarter of 2020. Also, it recorded a 30 per cent growth in organic sales. 2020 saw a decline in growth due to the corona virus. However, in 2021 it recorded growth. Also, organic sales increased by 8% compared to 2019, the company said.