French tycoon joins centibillionaire club

LVMH boss' firm gets huge lift from global stock surge following Covid-19 vaccine test

Mr Bernard Arnault and his wife Helene in a 2018 photo. PHOTO: BLOOMBERG The first four centibillionaires with fortunes exceeding US$100 billion are (from left) Mr Jeff Bezos, Mr Elon Musk, Mr Bill Gates and Mr Mark Zuckerberg
Mr Bernard Arnault and his wife Helene in a 2018 photo. .PHOTO: BLOOMBERG
The first four centibillionaires with fortunes exceeding US$100 billion are Mr Jeff Bezos (left), Mr Elon Musk (right), Mr Bill Gates and Mr Mark Zuckerberg.
The first four centibillionaires with fortunes exceeding US$100 billion are Mr Jeff Bezos (left), Mr Elon Musk (right), Mr Bill Gates and Mr Mark Zuckerberg.
The first four centibillionaires with fortunes exceeding US$100 billion are Mr Jeff Bezos, Mr Elon Musk, Mr Bill Gates (left) and Mr Mark Zuckerberg (right).
The first four centibillionaires with fortunes exceeding US$100 billion are Mr Jeff Bezos, Mr Elon Musk, Mr Bill Gates (left) and Mr Mark Zuckerberg (right).

NEW YORK • French luxury titan Bernard Arnault is a centibillionaire after promising results of a Covid-19 vaccine spurred global equities higher, including Mr Arnault's LVMH.

Mr Arnault joins tycoons Jeff Bezos, Bill Gates, Mark Zuckerberg and Elon Musk in the rarefied club. It is the first time five individuals have boasted fortunes exceeding US$100 billion (S$134.8 billion), according to the Bloomberg Billionaires Index, a daily wealth ranking. Overall, the group added US$68 billion to their collective fortune on Monday.

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A version of this article appeared in the print edition of The Straits Times on November 11, 2020, with the headline 'French tycoon joins centibillionaire club'. Print Edition | Subscribe