News
Bernard Arnault Becomes The Fourth Richest Man In The World
Capitalism’s global conquest continues as entrepreneurs around the globe mint fortunes in everything from cryptocurrencies to telecom to fashion. Louis Vuitton (LVMH) maker, Chairman and CEO, Bernard Arnault, has overtaken Zara founder, Amancio Ortega, to become the fourth richest man in the world! According to recent numbers, Amancio’s net worth stands at $ 70.7 billion! The last couple of months have had a lot of ups and downs for the filthily rich people of the world.
With the new numbers, this Frenchman is not only the fourth richest man in the world but is also the richest man in all of Europe. With around 2,208 billionaires from over 72 countries, including the first ever from Hungarian and Zimbabwe, this elite group is now worth around $ 9.1 trillion. This astounding number was marked up by 18% as compared to last year’s net worth!
Their average net worth is a record $ 4.1 billion. Americans lead the way with a record 585 billionaires, closely followed by China, with 373 billionaires. Centi billionaire Jeff Bezos secures the list’s top spot for the first time, becoming the only person to appear on the list with a 12 figure fortune. Bezon’s fortune leapt up by more than $ 39 million, moving Bill Gates to the second position.
The list has 259 newcomers on the list including the first ever cryptocurrency billionaires, two Canadians whose toy company is right behind Hatchimals and PAW Patrol, two Americans who founded the online retailer Wayfair and a 35 year old heiress who runs In N Out Burger. With Bernard Arnault joining the ranks, there is a definite change in the way the world is growing. The year 2018 is clearly progressing towards innovation, progression and excellence.
With every new addition to the billionaires’ list, the mysteries of the world are revealed one page a time. With Bill Gates moved to the second position on the list and Bernard Arnault becoming a part of it, the list for this year is surprising, to say the least!
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