Slips to Fifth Place

LVMH’s Bernard Arnault Slips to Fifth Place After $32 Billion Loss in 2024

Bernard Arnault, the chairman and CEO of luxury conglomerate LVMH, was once the world's richest person, but he lost that title in September 2024 following a significant 20% drop in his company's stock, linked to ongoing geopolitical tensions. As of now, Arnault's net worth stands at $176 billion, a steep...