Bernard Arnault, chairman of French luxury conglomerate LVMH, saw his wealth surge by $17 billion in a single day, thanks to China’s latest economic stimulus measures aimed at reviving growth. This comes after a series of announcements from Chinese leadership designed to restore confidence in the country’s struggling economy, which had been dampening demand for…
The fortune of Bernard Arnault, the world’s richest person, has topped $200bn for the first time as shares in his French LVMH luxury goods empire hit a record high. The 74-year-old has become only the third person in history to amass an estimated fortune above the $200bn (£160bn) threshold. Tesla’s Elon Musk and Amazon’s Jeff…
Elon Musk has officially lost his spot as the world’s richest person to Bernard Arnault, the Chairman and CEO of French luxury conglomerate, LVMH Moet Hennessy Louis Vuitton as reported by The Whistler. According to the Forbes real-time billionaires list, Bernard Arnault and family are now worth $191 billion while Musk is worth $174.9 billion….
