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The Guardian - UK

Business

Rupert Neate Wealth correspondent

Fortune of world’s richest person Bernard Arnault tops $200bn

Bernard Arnault Elon Musk LVMH Alexandre Arnault Frédéric Arnault Jean Arnault Jeff Bezos Louis Vuitton Tesla Inc. Christian Dior

LMVH head Bernard Arnault — Bernard Arnault’s fortune increased by $2.4bn on Tuesday to hit $201bn, according to the Bloomberg billionaires index. Photograph: Stefano Rellandini/AFP/Getty Images

The fortune of Bernard Arnault, the world’s richest person, has topped $200bn for the first time as shares in his French LVMH luxury goods empire hit a record high.

The 74-year-old has become only the third person in history to amass an estimated fortune above the $200bn (£160bn) threshold. Tesla’s Elon Musk and Amazon’s Jeff Bezos have previously hit the milestone before their fortunes dropped back as technology companies’ share prices fell.

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