French billionaire Bernard Arnault's fortune falls to $132 billion as LVMH sales slip
LVMH chairman Bernard Arnault's fortune keeps shrinking after a drop in Louis Vuitton and Dior sales in China sent the luxury giant's shares lower again.
Bernard Arnault
Billionaire Bernard Arnault has lost $65bn this year, more than anyone
Bernard Arnault's fortune has fallen by $65 billion since January, the steepest decline among the world's 500 wealthiest. LVMH shares trade at less than half their 2023 level, and for the first time since 2012 every one of the ten richest people is American.
Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.