How Louis Vuitton CEO Squashed Tech Moguls To 200 Billion

In April 2018, he became the richest person in fashion, topping Zara's Amancio Ortega.[59] Arnault briefly surpassed Jeff Bezosto become the richest person in the world in December 2019.[60] He again became the world's richest person for a short time in January 2020.[61] Forbes estimates his fortune to be $181 billion. Arnault owned the 70 m (230 ft) converted research vessel Amadeus, which was sold in late 2015.[62] His current 101.5 m (333 ft) yacht Symphony was built in the Netherlands by Feadship.[63] In July 2019, Arnault became the second-richest man in the world, with a net worth of 103 billion dollars.[64]During the COVID-19 pandemic, Arnault saw his wealth shrink by 30 billion dollars as sales of luxury goods plummeted.[65] On 24 May 2021, he regained the status of wealthiest man in the world, with his net worth climbing to $186.3 billion. This occurred as sales of LVMH's luxury goods surged in China and other parts of Asia.

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