French fashion tycoon Bernard Arnault is the world’s richest person this Monday morning, with an estimated net worth of $186.3 billion—putting him $300 million above Jeff Bezos, who is worth $186 billion, and Elon Musk, worth $147.3 billion. Europe’s Luxury LockdownLVMH and Arnault represent the remarkable rise of Europe’s luxury and fashion houses during the lockdown. He even overtook Bezos to briefly become the world’s richest person, at around 10:30 a.m. EST on December 16, 2019, when he edged past Bezos. Since the start of the pandemic, the net worths of the world’s richest people have fluctuated wildly, with many jumping by billions. Elon Musk briefly became the richest person in the world in January 2021, when his net worth hit $189.7 billion.

Source: Forbes May 24, 2021 12:27 UTC