Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Eleanor Pringle

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

Bernard Arnault Jeff Bezos Amazon LVMH Jane Fraser United States Andrew Slimmon Andy Jassy JeanJacques Guiony US Federal Reserve

Bernard Arnault, left, has lost the number two position on the world's rich list to Amazon founder Jeff Bezos, right. (Credit: Left: Chesnot—Getty Images Right: Karwai Tang—WireImage/Getty Images)

Cooling customer demand has seen luxury tycoon Bernard Arnault—once the world's richest man—now lose his place as the second wealthiest person on earth.

The LVMH CEO will be familiar with his successor to the number two spot—it's Jeff Bezos, the billionaire founder of online giant Amazon.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Trump suggests he would let Iran ‘take out’ Los Angeles or San Diego

Trump suggests he would let Iran ‘take out’ Los Angeles or San Diego

Gavin Newsom calls comments ‘deranged and dangerous’ after president tells Nebraska rally: ‘They can take out a city’

The Guardian - UK

Hundreds of thousands expected as school protests start on ‘day of mobilisation’ across France – Europe live

Hundreds of thousands expected as school protests start on ‘day of mobilisation’ across France – Europe live

Trade unionists, teachers, public sector workers and parents’ groups are expected to join students in marches nationwide

The Guardian - UK

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Relations have soured between the two countries over a number of issues since 2023, but Hillel Newman says a ‘reset’ is possible

The Guardian - AU

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Neighboring states are also reporting hundreds of cases, with over 3,800 recorded across the country

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

President’s U-turn comes after Democrats and Republicans condemned use of tax dollars for pro-Trump ads

The Guardian - US

2 people killed, including a student, after Florida school bus rolls over in crash

2 people killed, including a student, after Florida school bus rolls over in crash

Florida bus crash: A tragic accident occurred in Winter Haven when a school bus was hit by an oncoming car. The bus carried nearly 40 people, including students and the driver. Following the crash, a student and the driver of another vehicle were reported dead. Emergency responders transported 26 students…

The Economic Times

Related Stories

Top stories on inkl right now

Trump suggests he would let Iran ‘take out’ Los Angeles or San Diego

Trump suggests he would let Iran ‘take out’ Los Angeles or San Diego

Gavin Newsom calls comments ‘deranged and dangerous’ after president tells Nebraska rally: ‘They can take out a city’

The Guardian - UK

Hundreds of thousands expected as school protests start on ‘day of mobilisation’ across France – Europe live

Hundreds of thousands expected as school protests start on ‘day of mobilisation’ across France – Europe live

Trade unionists, teachers, public sector workers and parents’ groups are expected to join students in marches nationwide

The Guardian - UK

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Israeli ambassador to Australia says he hopes for return to ‘traditional friendship’ on October 7 anniversary eve

Relations have soured between the two countries over a number of issues since 2023, but Hillel Newman says a ‘reset’ is possible

The Guardian - AU

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Pennsylvania faces largest measles outbreak in decades as case count rises to 1,000

Neighboring states are also reporting hundreds of cases, with over 3,800 recorded across the country

The Guardian - US

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

Trump says Super Pac will pay for taxpayer-funded ads that sparked outcry

President’s U-turn comes after Democrats and Republicans condemned use of tax dollars for pro-Trump ads

The Guardian - US

2 people killed, including a student, after Florida school bus rolls over in crash

2 people killed, including a student, after Florida school bus rolls over in crash

Florida bus crash: A tragic accident occurred in Winter Haven when a school bus was hit by an oncoming car. The bus carried nearly 40 people, including students and the driver. Following the crash, a student and the driver of another vehicle were reported dead. Emergency responders transported 26 students…

The Economic Times

Our Picks

Robert De Niro's canine secret leaves Wag the Dog co-star Woody Harrelson shocked

Woody Harrelson revealed his surprise at discovering that his Wag the Dog co-star Robert De Niro owns 18 dogs, two of which starred alongside him in his movie The Alto Knights.

More Than 37,000 Squishy Toys Recalled as Water Beads Inside Can Swell in a Child and Evade X-Rays

About 37,480 squishy toys with water beads are recalled. Learn the warning signs of ingestion and why X-rays may miss swallowed beads.

Is Store-Bought Rotisserie Chicken Actually Healthy? Here’s What to Check on the Label

A grocery store rotisserie chicken can make dinner easier without the cost of takeout or the work of cooking from scratch. It provides protein and can be used in salads, sandwiches, soups, and family meals throughout the week. However, not every rotisserie chicken has the same nutritional profile. Some contain…

Grocery Coupon Guide

Why Are Eggs Refrigerated in America but Left on the Shelf in Other Countries?

Walk into a grocery store in the United States, and you will find eggs in a refrigerated section. Visit many European grocery stores, however, and eggs may sit on ordinary shelves at room temperature. This difference often surprises American travelers who wonder why the same food requires different storage methods.…

Grocery Coupon Guide

Kim Kardashian Reveals Five Nannies for Four Kids as Kanye West and Bianca Censori Step Out in Los Angeles

Kanye West and Bianca Censori were seen with Playboi Carti at ComplexCon in Los Angeles, shortly after Kim Kardashian discussed raising their four children and using five nannies.

International Business Times UK

Woman says a male canvasser knocked at her door and wanted to talk pro-life. Then she asked him: ‘Have you ever been pregnant?’

She explained why she is pro-choice.

We Got This Covered

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play