Bernard Arnault Full Q&A Oxford Union (YouTube screen capture)
CEOWorld Magazine released its list of the wealthiest people in the world. Believe it or not, six out of the top ten are Jews, including Mark Zuckerberg and Larry Ellison.
French billionaire Bernard Arnault who was, for a short while anyway, the world’s wealthiest man has dropped down to second place with a total estimated net worth of $211.5 billion. He now follows Elon Musk, who once again sits on top of the world with a net worth of $229 billion.
The Beatles said that money can’t buy you love. Well, apparently it also can’t buy you that vanity hotel project that you wanted to build in one of the swankiest neighborhoods in America. Or at least it can’t do that for Bernard Arnault.
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Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group. His personal wealth increased by more than $110 billion in a little over a year’s time, going from $76 billion in March 2020 to $186.3 this May. His LVMH, which also owns household names like Fendi, Christian Dior and Givenchy, saw an unprecedented rise in its stock price during the Covid 19 crisis.
According to his official company bio, Bernard Arnault was born to an industrial family in Roubaix, France on March 5, 1949, Mr. Arnault attended the Roubaix lycée and the Faidherbe lycée in Lille. He then went on to study at the Ecole Polytechnique.
He began his professional career that year as an engineer with the Ferret-Savinel construction company and successively was promoted to various executive management positions before becoming Chairman in 1978.
Larry Ellison came in at number four on the list with a net worth of $141.1 billion. On the high-tech billionaires list he came in at number two.
Larry Ellison is an American billionaire business magnate and investor. He is the co-founder, executive chairman, chief technology officer (CTO) and former chief executive officer (CEO) of the American computer technology company Oracle Corporation. Ellison is also known for his 98% ownership stake in Lanai, the sixth-largest island in the Hawaiian Archipelago.
Ellison was born in New York City in 1944. He was adopted at birth and raised by his aunt and uncle. He dropped out of college twice before joining the Navy in 1966. After the Navy, he worked as a computer programmer for several companies before co-founding Oracle in 1977.
In addition to his business interests, Larry Ellison is also a philanthropist. He has donated millions of dollars to various causes, including the Ellison Medical Foundation, which supports research into Alzheimer’s disease. He is also a major collector of art and has a large collection of Japanese art.
Larry Page and Sergey Brin, the co-founders of Google, came in at numbers seven and eight respectively. Page is said to be worth $109.8 billion and Brin $104.3 billion. They came in at fourth and fifth place respectively on the high-tech billionaires list.
Facebook founder Mark Zuckerberg came in at number nine on the list with an estimated net worth of $101.7 billion. He placed number six out of all high-tech billionaires.
And Steve Ballmer, the Microsoft co-founder whose mother is Jewish, came in at number ten on the list with a net worth of $98.9 billion. He placed seventh six out of all high-tech billionaires.
