“Bernard Arnault”, the number 1 billionaire in the world, who controls LVMH, his wealth exceeded 2 billion dollars for the first time.
On April 5, 2566, Bloomberg News reported that Bernard Arnault, the richest billionaire in the world. Owner of luxury brand empire LVMH's wealth exceeds $2 billion for first time
By Bernard Arnault's wealth increased by $2.4 billion on Tuesday (April 4, 66) to $2.011 billion, a record high according to the Bloomberg Billionaires Index, higher than Tesla and Tesla CEO Elon Musk. ter and Jeff Bezos, the founder of Amazon and the only person to have made over $2 billion. and was the first person outside the United States to accomplish this feat.
Bernard Arnault, 74, overtook Musk to become the world's richest person for the first time in December 2565, with his LVMH Moet Hennessy Louis Vuitton SE empire outperforming the tech wealth that dominates Bloomberg's ranking of 500 people. The richest people around the world His net worth increased by $3.9 billion this year. This is because demand for high-end products remains resilient.
LVMH's stock price is at an all-time high. It benefited from an announcement last month that it would buy back as much as 1.5 billion euros, or about $1.6 billion, of shares. The company posted record sales of €7.92 billion last year. with revenue exceeding 2 billion euros from Louis Vuitton
In a recent informal Bloomberg survey of M&A fund managers, And analysts expect Arnault's group to take on competitors in a tough competitive environment for smaller companies. This billionaire was once called “Wolves in Cashmere” by descendants of the House of Hermes after he launched a failed bid to take over a rival luxury goods group.
