FRANCE - Bernard Arnault Richest Man in the World

Arno Froese

French fashion tycoon Bernard Arnault is the world’s richest person, with an estimated net worth of $186.3 billion—putting him $300 million above Jeff Bezos, who is worth $186 billion, and Elon Musk, worth $147.3 billion. [Since publication, Bezos has recaptured the top spot.]

Arnault’s fortune has jumped from $76 billion in March 2020 to $186.3 billion, a massive rise of over $110 billion in the past 14 months, thanks to a pandemic-defying performance by his luxury group LVMH (Louis Vuitton Moët Hennessy).

LVMH and Arnault represent the remarkable rise of Europe’s luxury and fashion houses during the lockdown.

For a number of years at the start of the century, the richest Europeans were Aldi founders Theo and Karl Albrecht of budget supermarket fame. They made it to the top 10 but never claimed the No. 1 spot. Bernard Arnault debuted among the top 10 in mid 2005, with a $13 billion fortune. Arnault has been in the top 5 since 2018 and was No. 11 the previous year. He became the third-richest person in 2019, with a $76 billion fortune. 

Since the start of the pandemic, the net worths of the world’s richest people have fluctuated wildly, with many jumping by billions.

-www.forbes.com, 24 May 2021

Arno's Commentary

The rich and super-rich usually originate from rich countries. As the article indicates, the rich got richer, even during the pandemic. Often, it is said, “…and the poor get poorer.” That, however, is not really the case when one checks the various statistics from international perspectives. The world is growing in riches—and, we must add, peace—which has become a reality in the so-called European world (Europe, North and South America, Australia). Between those nations, war is virtually out of the question. However, the rest of the world is growing at an amazing rate too. A recent article we published showed that communist Beijing is now the billionaire capital of the world, replacing New York. Furthermore, China claims to produce more millionaires than the US. 

This tendency will and must continue.

Speaking of riches and power, we are reminded of the first world ruler, Nebuchadnezzar: “At the end of twelve months he walked in the palace of the kingdom of Babylon. The king spake, and said, Is not this great Babylon, that I have built for the house of the kingdom by the might of my power, and for the honour of my majesty?” (Daniel 4:29-30). But Nebuchadnezzar was humbled after he had become an animal-like person. He later proclaimed, “Now I Nebuchadnezzar praise and extol and honour the King of heaven, all whose works are truth, and his ways judgment: and those that walk in pride he is able to abase” (verse 37).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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