The fortune of the world’s 10 wealthiest men doubled during the Covid pandemic, as per a report. During the first two years of Covid, poverty and inequality soared, Oxfam report said. These men’s wealth jumped from $700 billion to $1.5 trillion, an average rate of $1.3 billion/day. Oxfam said the fortune of the wealthiest men rose more during the pandemic than it did in the last 14 years. The Oxfam report said inequality is contributing to the death of 21,000 people every day. Oxfam report added that pandemic has plunged 160 million people into poverty.

Wealth of world’s 10 richest men doubled during Covid pandemic: Report

After Amazon founder Jeff Bezos' net worth dropped $13.9 billion in a day, Bernard Arnault, the chairman and CEO of the French luxury company LVMH Mot Hennessy - Louis Vuitton, became the world's richest person.&nbsp;

This isn't the first time Arnault has led the list of the world's wealthiest people.

In December 2019, January 2020, May 2021, and July 2021, he reached number one.&nbsp;

Givenchy, Guerlain, Marc Jacobs, Sephora, Tiffany &amp; Co., Emilio Pucci, Fendi, Loro Piana, Nicholas Kirkwood, Thomas Pink, R.M Williams, EDUN, Moynat, and Donna Karen are all part of Bernard Arnault's LVMH empire, which also includes TAG Heuer, De Beers, and Bulgari.&nbsp;

Arnault owns a 96.5 per cent stake in Christian Dior, which controls 41 per cent of LVMH.&nbsp;

According to the Bloomberg, he had spent $538 million buying shares of the world's largest luxury goods company in recent months.

The stock was purchased by the CEO through firms that he and his family own.&nbsp;

In Asia and the United States, the premium brand has been posting pre-pandemic sales figures.

Tourists flock to LVMH's home market in Europe for its prized handbags and booze.

Furthermore, as China's economy recovers from the effects of the COVID-19 epidemic, LVMH's sales are surging.

On the other hand, when Amazon's stock price plunged 7% last week after the firm reported second-quarter growth that fell short of expectations, Jeff Bezos' net worth plummeted $13.9 billion in a single day.&nbsp;

The Forbes Real-Time Billionaires list of the world's wealthiest people is as follows:&nbsp;

Bernard Arnault: $195.4 billion

Jeff Bezos: $192.4 billion

Elon Musk: $179.4 billion

Bill Gates: $131.6 billion

Mark Zuckerberg: $128.2 billion

Larry Page: $115.2 billion

Larry Ellison: $112.6 billion

Sergey Brin: $111.5 billion

Warren Buffett: $101.0 billion

Francoise Bettencourt Meyers: $92.0 billion

(With inputs from agencies)

After Amazon founder Jeff Bezos' net worth dropped $13.9 billion in a day, Bernard Arnault, the chairman and CEO of the French luxury company LVMH Mot Hennessy - Louis Vuitton, became the world's richest person.

After Amazon founder Jeff Bezos' net worth dropped $13.9 billion in a day, Bernard Arnault, the chairman and CEO of the French luxury company LVMH Mot Hennessy - Louis Vuitton, became the world's richest person. This isn't the first time Arnault has led the list of the world's wealthiest people. In December 2019, January 2020, May 2021, and July 2021, he reached number one. Givenchy, Guerlain, Marc Jacobs, Sephora, Tiffany & Co., Emilio Pucci, Fendi, Loro Piana, Nicholas Kirkwood, Thomas Pink, R.M Williams, EDUN, Moynat, and Donna Karen are all part of Bernard Arnault's LVMH empire, which also includes TAG Heuer, De Beers, and Bulgari. Arnault owns a 96.5 per cent stake in Christian Dior, which controls 41 per cent of LVMH. According to the Bloomberg, he had spent $538 million buying shares of the world's largest luxury goods company in recent months. The stock was purchased by the CEO through firms that he and his family own. In Asia and the United States, the premium brand has been posting pre-pandemic sales figures. Tourists flock to LVMH's home market in Europe for its prized handbags and booze. Furthermore, as China's economy recovers from the effects of the COVID-19 epidemic, LVMH's sales are surging. On the other hand, when Amazon's stock price plunged 7% last week after the firm reported second-quarter growth that fell short of expectations, Jeff Bezos' net worth plummeted $13.9 billion in a single day. The Forbes Real-Time Billionaires list of the world's wealthiest people is as follows: Bernard Arnault: $195.4 billion Jeff Bezos: $192.4 billion Elon Musk: $179.4 billion Bill Gates: $131.6 billion Mark Zuckerberg: $128.2 billion Larry Page: $115.2 billion Larry Ellison: $112.6 billion Sergey Brin: $111.5 billion Warren Buffett: $101.0 billion Francoise Bettencourt Meyers: $92.0 billion (With inputs from agencies)

Louis Vuitton owner Bernard Arnault surpasses Jeff Bezos to be the world’s richest person

Jeff Bezos is officially the richest person on the planet thanks to the success of Amazon -- but his bold vision extends to space and even time itself.

With Amazon&#39;s share price up nearly 60 percent during the past year, the personal wealth of the company&#39;s 54-year-old founder has doubled to more than $110 billion.

Bezos leapt past Bill Gates this week to the top spot on an annual Forbes magazine list of billionaires, relegating the Microsoft co-founder to second place with a net worth of about $90 billion.

He has gone on record with a formula for success that includes taking bold bets, riding change and rebounding from setbacks.

&quot;You need to be nimble and robust so you need to be able to take a punch and you also need to be quick and innovative and do new things at a higher speed, that&#39;s the best defence against the future,&quot; Bezos said in an interview published in Vanity Fair magazine last year.

&quot;You have to always be leaning into the future. If you&#39;re leaning away from the future, the future is gonna win, every time.&quot;Bezos&#39;s penchant for experimenting reportedly dates to a young age -- with one widely-recounted storytelling that he tried to dismantle his own crib as a toddler.

His mother was a teenager when she gave birth to Jeff in Albuquerque, New Mexico, on January 12, 1964.&nbsp;

She remarried when her son was about four years old, and he was legally adopted by his Cuban immigrant stepfather who worked as an engineer at a major petrochemical company.

His mother&#39;s family were settlers in Texas, where Bezos spent many a summer working at a ranch owned by a grandfather retired from a job as a regional director at the US Atomic Energy Commission.

Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University.

After graduating, he put his skills to work on Wall Street, whereby 1990 he had risen to be a senior vice president at investment firm D.E. Shaw.

He surprised peers by leaving his high-paid position about four years later to open an online bookseller called Amazon.com, which according to legend was started in a garage.

Jeffrey Preston Bezos went from being a boy with a love for how things work to being the man who built Amazon.com into an internet powerhouse.

Amazon grew to dominate commerce and become a formidable contender in cloud computing and artificial intelligence with its digital assistant Alexa.

The Seattle-based company was worth about $750 billion based on the price of its shares on Thursday.Bezos has such a proven track record for shaking up the business sectors he enters that he has been dubbed &quot;disruptor-in-chief.&quot;

Like his company, Bezos has also transformed with time, shaving his head and bulking up his body with exercise. The results were immortalized in a series of photos taken at a conference last year.

And, he seems to be growing more comfortable being in the public eye, according to recent portrait piece in The New York Times.

A fan of science fiction and in particular the British author Iain Banks, Bezos has passions other than Amazon.

Bezos called Banks &quot;a huge personal favorite&quot; in a tweet last month while announcing that Amazon Prime video service was working on a television series based on one of the author`s novels.

Bezos has invested some $42 million in the building a 150-meter-tall clock designed to keep time for 10,000 years. Built inside a mountain in Texas, the clock will be powered by geothermal energy.

&quot;Humans are now technologically advanced enough that we can create not only extraordinary wonders but also civilization-scale problems,&quot; Bezos said in a blog post devoted to the clock project.

&quot;We&#39;re likely to need more long-term thinking.&quot;

Bezos is also behind private space exploration operation Blue Origin, into which he usually invests money from selling Amazon shares.

Blue Origin has outlined plans to build a spaceship and lunar lander capable of delivering cargo to the moon, perhaps to support colonies there.

With the purchase of The Washington Post in 2013, the Internet entrepreneur added a prestigious news operation to his investments.

The Post, and Bezos himself have been targeted by US President Donald Trump. An open critic of Trump, Bezos has jokingly offered to send him into space.

Bezos has been married to Mackenzie Bezos, a writer, since 1993. They have four children.&nbsp;

With Amazon's share price up nearly 60 percent during the past year, the personal wealth of the company's 54-year-old founder has doubled to more than $110 billion

Jeff Bezos is officially the richest person on the planet thanks to the success of Amazon -- but his bold vision extends to space and even time itself. With Amazon's share price up nearly 60 percent during the past year, the personal wealth of the company's 54-year-old founder has doubled to more than $110 billion. Bezos leapt past Bill Gates this week to the top spot on an annual Forbes magazine list of billionaires, relegating the Microsoft co-founder to second place with a net worth of about $90 billion. He has gone on record with a formula for success that includes taking bold bets, riding change and rebounding from setbacks. "You need to be nimble and robust so you need to be able to take a punch and you also need to be quick and innovative and do new things at a higher speed, that's the best defence against the future," Bezos said in an interview published in Vanity Fair magazine last year. "You have to always be leaning into the future. If you're leaning away from the future, the future is gonna win, every time."Bezos's penchant for experimenting reportedly dates to a young age -- with one widely-recounted storytelling that he tried to dismantle his own crib as a toddler. His mother was a teenager when she gave birth to Jeff in Albuquerque, New Mexico, on January 12, 1964. She remarried when her son was about four years old, and he was legally adopted by his Cuban immigrant stepfather who worked as an engineer at a major petrochemical company. His mother's family were settlers in Texas, where Bezos spent many a summer working at a ranch owned by a grandfather retired from a job as a regional director at the US Atomic Energy Commission. Bezos was enchanted by computer science when the IT industry was in its infancy and he studied engineering at Princeton University. After graduating, he put his skills to work on Wall Street, whereby 1990 he had risen to be a senior vice president at investment firm D.E. Shaw. He surprised peers by leaving his high-paid position about four years later to open an online bookseller called Amazon.com, which according to legend was started in a garage. Jeffrey Preston Bezos went from being a boy with a love for how things work to being the man who built Amazon.com into an internet powerhouse. Amazon grew to dominate commerce and become a formidable contender in cloud computing and artificial intelligence with its digital assistant Alexa. The Seattle-based company was worth about $750 billion based on the price of its shares on Thursday.Bezos has such a proven track record for shaking up the business sectors he enters that he has been dubbed "disruptor-in-chief." Like his company, Bezos has also transformed with time, shaving his head and bulking up his body with exercise. The results were immortalized in a series of photos taken at a conference last year. And, he seems to be growing more comfortable being in the public eye, according to recent portrait piece in The New York Times. A fan of science fiction and in particular the British author Iain Banks, Bezos has passions other than Amazon. Bezos called Banks "a huge personal favorite" in a tweet last month while announcing that Amazon Prime video service was working on a television series based on one of the author`s novels. Bezos has invested some $42 million in the building a 150-meter-tall clock designed to keep time for 10,000 years. Built inside a mountain in Texas, the clock will be powered by geothermal energy. "Humans are now technologically advanced enough that we can create not only extraordinary wonders but also civilization-scale problems," Bezos said in a blog post devoted to the clock project. "We're likely to need more long-term thinking." Bezos is also behind private space exploration operation Blue Origin, into which he usually invests money from selling Amazon shares. Blue Origin has outlined plans to build a spaceship and lunar lander capable of delivering cargo to the moon, perhaps to support colonies there. With the purchase of The Washington Post in 2013, the Internet entrepreneur added a prestigious news operation to his investments. The Post, and Bezos himself have been targeted by US President Donald Trump. An open critic of Trump, Bezos has jokingly offered to send him into space. Bezos has been married to Mackenzie Bezos, a writer, since 1993. They have four children.

Jeff Bezos rockets to richest person on the planet

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