Bernard Arnault consolidates his title as the richest man in the world. The day after LVMH’s first-quarter results were released on Wednesday, the head of the luxury group saw his fortune jump by $12 billion to $210 billion.
This is a record level for the French billionaire whose fortune also signs its second strongest progression in a single day, according to the ranking established by Bloomberg. The LVMH CEO is still ahead of Elon Musk ($180 billion) and Jeff Bezos ($126 billion).
LVMH sales rise 17% in the first quarter
This sudden jump in the fortunes of Bernard Arnault came after investors praised the good results of LVMH, the group announced on Wednesday a 17% increase in sales in the first quarter, thanks in particular to the lifting of sanitary restrictions. in China. In Paris, the LVMH share gained 5.7% and reached a record, allowing the company to enter the top 10 of the largest capitalizations in the world (444,000 million euros).
However, let’s remember that Bernard Arnault’s fortune comes from a 97.5% stake in Christian Dior, which in turn owns 41.4% of LVMH. The Arnault family also owns more than 6% of LVMH’s capital. At the beginning of April, the fortune of the French billionaire crossed the symbolic threshold of 200,000 million dollars. A first for a non-American personality.
Source: BFM TV
