invstr
Published in

invstr

Passing of the Throne 👑

In life, many have used capitalism to become billionaires, pushing to be the richest in the world. This is no easy task; it requires decades of hard work, effort, and ingenuity, with a select few achieving it. However, we know the one at the top currently, Jeff Bezos.

Bezos is the founder of Amazon, the online bookstore that has now turned into a company that does everything. After surviving the dot-com bubble, Amazon has turned into the fourth largest company by market cap in the world. They have infiltrated almost every industry, killing companies like Barnes and Noble and Toys R Us. Amazon’s share price has gone through the roof, contributing to his wealth. However, Bezos stepped down from his role as the CEO of Amazon to focus on his other entrepreneurial ventures like Blue Origin, his aerospace company that is a competitor to Elon Musk’s SpaceX.

Although Musk caught Bezos’s tail by leading him in net worth for a few days, Tesla stock fell, leaving Elon out of the hunt. However, Bezos was surprised once again recently, this time by Bernard Arnault. Arnault is the CEO of LVMH, a French luxury business that owns brands like Louis Vuitton and Dior. He has transformed the company into the largest of its kind, and he is truly a great leader. LVMH suffered during the pandemic, but the recovery has benefitted them greatly with many US and China shoppers buying their apparel. This has caused the share price of LVMH to rise exponentially, which allowed Arnault to inch ahead of Bezos. Unfortunately, this only stood for a day as Bezos reclaimed it very quickly. Bezos could be in for more, with many considering Amazon stock to be undervalued with all its recent acquisitions. Even though Bezos isn’t the CEO, he still owns enough shares for it to have an impact on his net worth, along with everything else he does. Do you think Arnault can pass Bezos?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Originally published at https://invstr.com on May 26, 2021.

--

--

--

Financial insights and news to helping educate investors. We deliver content from market leaders, academics, investors and more who are keen to share their intelligence on the latest business developments.

Recommended from Medium

Where Your Money Goes, & Why

Saveing — Paving the way for Smart Saving

Blockbuster’s 774% 1-Day Return Puts GameStop’s To Shame

The Active Bets That Passive Investors Unknowingly Take On

What’s Your Relationship With Money?

You are actually a REAL LIFE DUMMY if by the end of 2021 you still have ZERO passive income.

What Savings Goals Should I Focus On First?

14 Day Deadline to Return Security Deposits — New Rent Laws in New York

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Invstr

Invstr

Build confidence, and invest with knowledge. Play, learn, & invest on the Invstr app today! Available on iOS and Android. https://invstr.com/

More from Medium

Peak Pandemic and Inevitable Rising Inflation | Traders must pay attention.

Is Joel Greenblatt’s ‘Magic Formula’ Really ‘Magic’?

Tim Thorsen | Portfolio

Particularly beautiful Mel-spectrogram image. Like sound turned into fire.

Getting real about curing polygenic brain disease