Bernard Arnault, the richest man in the world, is the head of the LVMH empire - a $500 billion luxury powerhouse home to dozens of iconic brands like Louis Vuitton, Tiffany, Dom Pérignon, and.

Jeff Bezos.

Share this article. Arnault's net worth was hit by a 5% drop in LVMH's share price.

The gap between.

5 billion so far this year.

( Reuters: Yoan. 2bil) wiped from his fortune in one day over concerns that a softening US economy would dampen demand for luxury goods. How much of a rugby fanatic are you? Answer these 5 simple rugby questions and stand the chance of.

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1 day ago · Bernard Arnault, the world's richest person, saw $11.

5 billion, making him the second richest person in the world.

The world’s richest man just got richer. .

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. 6 billion, according to the Bloomberg Billionaires Index. May 24, 2023, 4:08 AM PDT.

Elon Musk, founder of Tesla and SpaceX, last year topped Forbes' annual list of the 25 Richest People in the World, but saw his fortune decline by $39 billion, from. . Forbes’ 37th Annual World’s Billionaires List: Facts And Figures 2023 Apr 4, 2023 New Billionaires 2023: Jimmy Buffett, LeBron James And 148 Others Join The Ranks This Year. The founder of LVMH — whose offerings include Louis Vuitton handbags , Moet & Chandon champagne and Christian Dior gowns — had seen his wealth balloon. Arnault's net worth was hit by a 5% drop in LVMH's share price.

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Elon Musk, founder of Tesla and SpaceX, last year topped Forbes' annual list of the 25 Richest People in the World, but saw his fortune decline by $39 billion, from.

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A little more than a year after reaching the top, he has been eclipsed by 73-year-old French billionaire Bernard Arnault, according to analysts at Forbes.

Voters in Beverly Hills, synonymous with wealth and extravagance, are pushing back against the city.