Overtaking Elon Musk to become the richest man in the world, Bernard Arnault, the billionaire CEO and chairman of LVMH, a multinational luxury goods firm that owns brands including Louis Vuitton, is taking over front pages. Forbes magazine reported that Arnault and his family's wealth increased by $23.6 billion last Friday, bringing their total net worth to $207.8 billion
ANKARA - The world's 10 richest men have more than doubled their collective fortunes - from USD700 billion to USD1.5 trillion - in the first two years of the Covid-19 pandemic, UK-based charity Oxfam said on Monday. Incomes of the 99 percent of the world population have dropped in the same period, and over 160 million people slipped into poverty, according to Oxfam, which released a report titled Inequality Kills. "If these ten men were to lose 99.999 percent of their wealth tomorrow, they would still be richer than 99 percent of all the people on this planet," said Gabriela Bucher, the charity's executive director, adding, "They now have six times more wealth than the poorest 3.1 billion people." According to Oxfam, inequality caused the death of one person every four seconds, or at least 21,000 people every day. "This is a conservative finding based on deaths globally from lack of access to healthcare, gender-based violence, hunger, and climate breakd
Bernard Arnault and family, have become the world’s richest beating Jeff Bezos owner of the biggest online retail platform Amazon, according to Forbes.