July 27, 2021

Forbes 2020 Ranking Billionaires: Bernard Arnault On The Podium

GettyImages-1150381392 |
Bernard Arnault, LVMH, 76 billion

Surprise of the 2020 edition of the ranking of billionaires Forbes, the founder of LMVH, Bernard Arnault climbs on the podium of the richest men in the world, behind Jeff Bezos and Bill Gates.

Unalterable. Neither the stock market crash nor the coronavirus crisis, nor even his divorce seems to be able to slow down the irresistible rise of Jeff Bezos. In the midst of a global pandemic, the businessman at the head of the online merchant Amazon even allows himself to recruit… 100,000 people. Extraordinary figures, like his fortune: 113 billion dollars. Admittedly down by 18 billion compared to 2019, it now propels him far ahead of second, Bill Gates ($ 98 billion) in Forbes’ exclusive annual ranking of the 20 richest people in the world.

This year, the first Frenchman, Bernard Arnault, climbs on the podium and dethrones the Oracle of Omaha, Warren Buffett of third place with a professional heritage estimated at 76 billion dollars.

Note that Buffet’s fortune plummeted by nearly 15 billion in one year, from 82.5 billion dollars to 67.5 billion, following the shock of the financial markets in early March. He lost nearly 10 billion valuation in a few days.

Larry Ellison (Oracle) completes the Top 5 of the 20 richest people in the world with an estimated fortune of $ 59 billion.

In this ranking of billionaires, there are now three women, including a Frenchwoman, Françoise Bettencourt Meyers, heir to L’Oréal. The latter, however, loses her title of the richest woman in the world, in favor of another heiress, Alice Walton who benefits, like her two brothers, from the good performance of the large distribution company created by her father Sam, Walmart. His fortune is estimated at 54.6 billion against 48.9 billion for Bettencourt-Meyers, demoted to 15th place.

The third woman in the ranking, Julie Koch, also heir with her three children of 42% of her husband’s Koch oil empire, is in 19th place.

Note that in this world ranking only three Europeans appear, the two French and the Spaniard Amancio Ortéga (Zara / Inditex). Two Chinese are also present. Jack Ma, the founder of Alibaba in 17th place (38.8 billion dollars) and Ma Hateng, the boss of Tencent in 20th place with a fortune estimated at 38.1 billion dollars.

The Mexican Carlos Slim remains the only billionaire not from these three parts of the world, since the exit of the ranking of Mukesh Amabami, the boss of Reliance Industry whose fortune has melted by a third in two months, following the stock market crash.

Technology remains the dominant sector in the ranking with 9 billionaires out of 20. “Big tech” like Google, Facebook, Amazon or Microsoft have become empires in a single generation.
In total, the 20 richest people in the world accumulate a global fortune of 1,090 billion dollars, a figure down about 10% over one year.

RFind the Top 20 in the Forbes 2020 ranking of global billionaires below.

Ranking Firstname name Fortune in dollars Nationality Business
#1 Jeff Bezos $113 Mds American Amazon
#2 Bill Gates $98 Mds American Microsoft
#3 Bernard Arnault (and his family) $76 Mds French LVMH
#4 Warren Buffett $67,5 Mds American Berkshire Hathaway
#5 Larry Ellisson $59 Mds American Software
#6 Amancio Ortega $55,1 Mds Spanish Zara / Inditex
#7 Mark Zuckerberg $54,7 Mds American Facebook
#8 Jim Walton $54,6 Mds American Walmart
#9 Alice Walton $54,4 Mds American Walmart
#10 S. Robson Walton $54,1 Mds American Walmart
#11 Steve Ballmer $52,7 Mds American Microsoft
#11 Carlos Slim Helu (and his family) $52,1 Mds Mexican Télécom
#13 Larry Page $50,9 Mds American Google
#14 Sergey Brin $49,1 Mds American Google
#15 Françoise Bettencourt Meyers (and her family) $48,9 Mds French L’Oreal
#16 Michael Bloomberg $48 Mds American Bloomberg LP
#17 Jack Ma $38,8 Mds Chinese Alibaba
#18 Charles Koch $38,2 Mds American Koch Industries
#19 Julia Koch (and her family) $38,2 Mds American Koch Industries
#20 Ma Huateng $38,1 Mds Chinese Tencent