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The man who became richer than Elon Musk and Jeff Bezos This week a French luxury goods magnate overtook the American billionaires - this is how he did it Actor Kris Wu, CEO of Rimowa, Alexandre Arnault, Frederic Arnault and Bernard Arnault Credit: Getty Images  Don’t write off good old-fashioned fashion just yet. While Jeff Bezos and Elon Musk have been caught up in a space race, and the latter’s been mouthing off about cryptocurrency, Bernard Arnault sneaked ahead to become the richest man in the world this week. Even as Europe struggles to emerge from the pandemic, the LVMH chief executive’s luxury-goods fortune surged from $76 billion in March 2020 to $186.3 billion on Monday 24 July. The staggering $110bn rise in his fortune is thanks to LVMH shares soaring 0.4% during the early hours of trading on Monday, inflating Arnault’s personal stake by more than $600m. If there were ever a better excuse to pop the Moët. 

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