Bernard Arnault’s fortune falls by $9 billion as LVMH shares plunge
Luxury goods conglomerate LVMH is no longer the world’s most valuable luxury brand, eclipsed by Hermès on Tuesday after it disclosed worse-than-expected Q1 results.
LVMH
The Top 10 Richest People In The World (April 2025)
Plunging Tesla shares in February shaved tens of billions off Elon Musk’s fortune. And Mark Zuckerberg became the world’s second richest person.
LVMH billionaire Bernard Arnault receives Malcolm S. Forbes Lifetime Achievement Award
Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok.
The 10 richest people in the world lose $66 billion in a day
The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.
Who is Frederic Arnault? Billionaire Bernard Arnault’s 29-year-old son picked to lead LVMH watch division
LVMH, the luxury fashion and alcohol giant owned by billionaire Bernard Arnault, named the owner’s 29-year-old son Frederic Arnault as head of the company’s watch division—joining his siblings in a senior leadership role at the family business.
LVMH shares drop on slower growth, wiping $6 billion from Bernard Arnault’s fortune
LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.
$470 billion in one photo: The world’s two richest people dine in Paris
Musk and Arnault brought along close family members for the meal, an Instagram post revealed.