Jeff Bezos' net worth reportedly surpasses Bernard Arnault's

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Jeff Bezos' net worth reportedly surpasses Bernard Arnault's
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Jeff Bezos' personal fortune climbed higher Monday than LVMH CEO Bernard Arnault's, according to Bloomberg. The outlet pegged the Amazon cofounder's net worth at $156.3 billion.

Jeff Bezos on Monday saw the value of his personal fortune surpass LVMH CEO Bernard Arnault's, according to Bloomberg. The net worth of the Amazon founder hit $156.3 billion Monday afternoon, boosting Bezos from third to second richest on the outlet’s global ranking of billionaires. Tesla and SpaceX CEO Elon Musk still held the top spot at $234 billion, Bloomberg reported.

So far in 2023, Bezos has gained $49.3 billion in net worth, Bloomberg reported. The title of world’s second-richest person prior to Bezos' rise belonged to Arnault. The change in ranking stemmed from LVMH’s recent quarterly performance and a $6.8 billion drop in Arnault's net worth, according to the outlet.

Fendi, Louis Vuitton, Tag Heuer, Christian Dior and other brands fall under the LVMH umbrella. The luxury goods company posted a market capitalization of $351.89 billion as of Tuesday. Bloomberg on Monday afternoon estimated the LVMH CEO’s value as $155.1 billion. With their personal fortunes within $1.2 billion of one another, day-to-day movement in Amazon and LMVH stock prices could lead to more changes in the rankings.

The other two individuals in Bloomberg’s top five were Microsoft co-founder Bill Gates at $125 billion and Google co-founder Larry Page at $123 billion.

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