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The richest person in the world is getting richer

The wealth of the world’s richest person, Frenchman Bernard Arnault, rose by $12 billion last Thursday to $210 billion.

On the day of this announcement, French demonstrators tried to reach his office in protest, according to the “New York Post”. Bernard Arnault, 74, has been targeted as President Emmanuel Macron recently tried to push back the retirement age from 62 to 64 to ensure the sustainability of the pension system.

But the protesters are demanding that billionaires pay more.

Bernard Arnault, CEO and chairman of LVMH, now outstrips the fortune of the world’s second richest person, Elon Musk, by nearly $30 billion. Amazon founder Jeff Bezos is the third richest person in the world with $126 billion, according to Bloomberg.

The latest increase in Arnault’s fortune came as LVMH shares hit a record high in Paris on Thursday. The company reported an increase in sales due to China’s economic reopening, the first since the COVID-19 pandemic. LVMH-owned brands include Tiffany & Co., Christian Dior, Fendi, and Louis Vuitton.

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