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Forbes: 2019 biggest winners and losers
02-01-2020 13:25
Forbes: 2019 biggest winners and losers
Forbes: 2019 biggest winners and losers

To sum up the results of 2019, Forbes Magazine has published the list of the biggest winners and losers among billionaires in 2019. According to the ranking, Bernard Arnault, the owner of Louis Vuitton Moet Hennessy, has become the most successful businessman in 2019 being on the top of the Forbes list. As the demand for luxury goods is increasing all over the world, Arnault’s fortune is rapidly growing. It is believed that the wealthy Chinese customers and their dedication to luxury brands caused this record growth of billionaire’s wealth.  As a result, his net worth has increased by almost $40 billion over the past year. Bernard Arnault is the world’s third-richest man on the planet with a fortune of at least $100 billion. Facebook CEO Mark Zuckerberg and Amancio Ortega, the head of Inditex, are following him in the ranking taking the third and the second positions. Their fortune increased by $22.1 billion and $17.3 billion respectively. Among those who incurred some significant losses was Jeff Bezos, the CEO of Amazon and one of the wealthiest people in the world. In 2019, Bezos’ fortune dropped by approximately $13.1 billion due to a divorce. Indian tech magnate Azim Premji, the chairman of Wipro Limited, lost a billion less than Jeff Bezos. Finally, Subhash Chandra, the owner of the Indian media conglomerate Essel Group, found his capital shrunk by $3.4 billion.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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