Bernard Arnault briefly topples Jeff Bezos as world's richest man
However, Arnault remains firmly ahead of Bill Gates ($107.8 billion), whom he passed for the number two spot on Friday. Last month, Arnault was able to slide into second place due to rising LVMH stock. Shares have bounced around since Arnault struck a deal to acquire American jeweller Tiffany & Co on November 25.
Bernard Arnault, Chief Executive Officer of French luxury conglomerate LVMH, claimed the title of the richest man on Earth with a net worth of $109.6 billion, Photo: Reuters