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LVMH CEO Bernard Arnault Falls Out of World’s Top 10 Richest List Amid Luxury Slowdown
Summary by cosmeticsbusiness.com
3 Articles
3 Articles
LVMH CEO Bernard Arnault falls out of world’s top 10 richest list amid luxury slowdown
The billionaire Chairman and CEO of luxury giant LVMH no longer sits in the top ten richest people as technology moguls take over, according to the Bloomberg Billionaires Index. This is the first time Arnault has sat outside the top ten since 2017
Bernard Arnault is out of the top 10 world fortunes (Society Topics).
Bernard Arnault has lost $65 billion this year
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.
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