Bernard Arnault Returns To The Top Ranks Of The "Rich List"

Bernard Arnault Returns To The Top Ranks Of The "Rich List" French businessman Bernard Arnault has returns to the top ranks of the "rich list". Known as Europe's richest person, Arnault's fortune has increased by $ 8.3 billion this week. Bernard Arnault added $ 8.3 billion to his fortune this week, climbing to the top ranks of the list of the richest people in the world. Arnault's luxury brand LVMH posted unexpectedly good financial results in the third quarter of this year. Following this announcement, his fortune increased to $ 8.3 billion last week. The famous businessman ranked fifth in the Bloomberg Billionaires Index, after Jeff Bezos, Bill Gates, Elon Musk and Mark Zuckerberg. Bernard Arnault's fortune, which has not exceeded $ 100 billion since reaching the record in January with $ 109.4 billion, had almost halved in two months due to the economic effects of the coronavirus epidemic. Luxury consumption suffered a severe loss with the closure of stores due to the coronavirus measures taken all over the world. The 71-year-old businessman's fortune has dropped by $ 8.7 billion since the beginning of this year, despite the latest increase recorded. This is the fifth sharpest drop in the Bloomberg index, which tracks the world's wealthiest 500 people. In general, 2020 has been a symbolic year for the earnings of the world's richest business people. The total wealth of the people on the list increased by 16.8 percent to $ 986 billion since the beginning of the year.