“Bernard Arnault,” founder of the LVMH empire, dropped to second place in the world's richest people.
On October 17, 2566, Bloomberg News reported that Bernard Arnault, CEO of LVMH Falling to number 2 as the richest person in the world after LVMH shares were heavily sold off. As a result, his net worth fell below Amazon.com Inc. CEO Jeff Bezos.
Bernard Arnault is the founder and CEO of LVMH, the French luxury powerhouse. Including brands such as Louis Vuitton and Moet & Chandon, wealth has dropped by $6.8 billion since Wednesday. When a company reports declining sales growth
ปัจจุบัน Bernard Arnault's wealth is valued at $1.551 billion. That's lower than Jeff Bezos' $1.563 billion, according to the Bloomberg Billionaires Index.
Arnault became the world's richest person in late 2565, surpassing Tesla Inc.'s Elon Musk, as technology stocks struggle in the face of high inflation. He dropped below Musk again in May. But it hasn't been lower than second place since October 2022.
The hit to Arnault's wealth is reflected in stagnant sales. which has an impact on luxury products this year This comes amid falling demand from inflation-weary US consumers. and a major economic recovery in China. LVMH shares fell about 10% in Paris in the three days after the earnings report. before rebounding on Monday and falling 1.9% this year.
ในIn contrast, Bezos and Musk benefited from the resurgence of Musk's technology stocks, adding another $9.68 billion this year. Tesla's stock soars 106%, Bezos's wealth surges $4.93 billion in 2566, along with Amazon shares surge 58%
Read other news
