jeff bezos is once again the richest man on earth

Jeff Bezos [photo courtesy]>

Jeff Bezos [photo courtesy]

by Beatrice Ambasa June 11, 2021

On Monday, Bernard Arnault, Chief Executive Officer of French luxury conglomerate LVMH, claimed the title of the richest man on Earth with a net worth of $186.2 billion, according to Forbes, toppling Amazon CEO Jeff Bezos as world's richest man. 

 According to Forbes' Real Time Billionaire rankings on Monday, Arnault finished the day with $186.3 billion to his name, compared with Bezos' $186 billion, a whopping $300 million above the latter.

 Arnault also remained firmly ahead of Tesla and SpaceX CEO Elon Musk, worth $147.3 billion, Forbes added.

However, the position Arnault took lasted only for a day.

 On Tuesday, Bezos' net worth soared by USD 313 million to USD 189.2 billion, thereby overtaking Arnault, who stood at 189.1 billion, an increase of USD 251 million. 

At the third place was yet again Elon Musk with a net worth of USD 155.1 billion.

Meanwhile, a study, by Comparison, a company which helps organisations compare different business products, earlier this month had said that despite losing an estimated $38 billion as part of his recent divorce, Bezos is still by far the world's richest person. His net worth has grown by 34 per cent on average over the last five years.

The study further added that the Amazon founder could become the world's first trillionaire as early as 2026, at which point he will be aged 62.