Jeff Bezos only lasted a few days as the world's richest person — now it's Bernard Arnault again

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Bernard Arnault
Bernard Arnault is once again the world's richest person.

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Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board

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Actor Kris Wu, CEO of Rimowa, Alexandre Arnault, Frederic Arnault and Owner of LVMH Luxury Group Bernard Arnault attend the Louis Vuitton Menswear Fall/Winter 2020-2021 show as part of Paris Fashion Week on January 16, 2020 in Paris, France.
Alexandre, Frédéric, and Bernard Arnault in January 2020.

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Shakeup at LVMH as Antoine Arnault, Bernard Arnault's oldest son, steps down as the CEO of luxury shoe-maker Berluti

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Antoine Arnault (left) and his father, Bernard Arnault, the CEO of LVMH.
Antoine Arnault (left) and his father, Bernard Arnault, the CEO of LVMH.

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'Wolf in cashmere' Bernard Arnault loses his slot as the world's 2nd-richest man to Jeff Bezos as LVMH stock slips

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Bernard Arnault
LVMH founder Bernard Arnault.

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Shares of luxury brands are tumbling in a sign consumers' high-end spending spree is over

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Chinese tourists buying the luxury brand Louis Vuitton, Macau, China.
LVMH shares have tumbled in the past six months.

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Luxury tycoon Bernard Arnault dismissed comparisons between his family and the Roys in 'Succession' — and said he hopes there's no 'duel' to take over power

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Two men wearing grey lab coats labelled
Antoine and Bernard Arnault.

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CHART OF THE DAY: Ozempic maker Novo Nordisk overtakes LVMH to become the biggest company in Europe

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Novo Nordisk vs LVMH

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Chanel's CEO says she's been the 'first woman, the first brown person, the first Asian, the first Indian' in every job – and wants to lift others up

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Leena Nair speaking on a stage whilst wearing a red top
Chanel CEO Leena Nair.

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Coach is the new 'cool girl' brand for Gen Z

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Coach designer handbags
After years of sluggish sales, Coach has experienced a revival in recent years.

Edward Berthelot/Getty Images

The world's 6 richest people are closing in on a $1 trillion combined net worth after the stunning rally in stocks this year

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Jeff Bezos and Elon Musk
Jeff Bezos and Elon Musk.

Pascal Le Segretain/Getty Images and Michael M. Santiago/Getty Images

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