Jeff Bezos on Monday saw the value of his personal fortune surpass LVMH CEO Bernard Arnault's, according to Bloomberg.
The net worth of the Amazon founder hit $156.3 billion Monday afternoon, boosting Bezos from third to second richest on the outlet’s global ranking of billionaires.Shares of Amazon have increased over 50% from the beginning of 2023, which helped Bezos move up Bloomberg’s list, according to the outlet.
The change in ranking stemmed from LVMH’s recent quarterly performance and a $6.8 billion drop in Arnault's net worth, according to the outlet. Shares of Amazon have increased over 50 per cent from the beginning of 2023, which helped Mr Bezos move up on the global rankings of billionaires list. Picture: GettyWith their personal fortunes within $1.2 billion of one another, day-to-day movement in Amazon and LMVH stock prices could lead to more changes in the rankings.