Investing
Stock Surge Produces Record 5 Tycoons With $100 Billion Fortunes
- LVMH’s Arnault is lastest person to join the exclusive club
- World’s 500 richest have added $1.2 trillion in wealth in 2020
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French luxury titan Bernard Arnault became a centibillionaire on Monday after promising results of a Covid-19 vaccine spurred global equities higher, including Arnault’s LVMH.
Arnault joins Jeff Bezos, Bill Gates, Mark Zuckerberg and Elon Musk in the rarefied club. It’s the first time five individuals have boasted fortunes exceeding $100 billion, according to the Bloomberg Billionaires Index, a daily wealth ranking. Overall, the group added $68 billion to their collective fortune today.