French fashion tycoon Bernard Arnault overtakes Jeff Bezos to become the world's richest man after his net worth climbs to $186 billion

French fashion tycoon Bernard Arnault today crept ahead of Jeff Bezos to become the world's richest man as his net worth climbed to $186.3billion.

The chief executive of Mo√ęt Hennessy Louis Vuitton (LVMH) saw his luxury goods firm stock increase by 0.4 percent during the first hours of trading on Monday.

The rise pushed Arnault's personal stake up by more than $600million and placed LVMH's market cap at $320billion, according to Forbes.

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