LVMH Chairman Bernard Arnault Overtakes Warren Buffett on "World's Richest" List

There is always a big-money battle underway at the top of the Forbes food chain. The publication’s ever-slightly-ebbing “World’s Richest” list, where the likes of Jeff Bezos, Bill Gates, Warren Buffett, Bernard Arnault, and Carlos Slim hold court, saw a new bout of activity on Wednesday. Bernard Arnault, the chairman of LVMH Moët Hennessy Louis Vuitton, jumped from the number 4 position to number 3, thereby, ousting 88-year old American business magnate Warren Buffett. 

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