Bernard Arnault is the chief executive officer of French luxury brand conglomerate LVMH, which reported record revenue of €21bn in the first quarter
the French billionaire Bernard Arnaultthe richest person in the world, has seen his fortune grow by 12.5 billion dollars in one day, from Wednesday 12 to this Thursday 13. forbes. Arnault’s fortune is now estimated at $238.7 billion.
The businessman is the CEO of the luxury goods group Louis Vuitton Moët Hennessy (LVMH), which brings together brands such as Louis Vuitton, Christian Dior, Tiffany, Sephora, Givenchy and Marc Jacobs, among more than 70 brands. According to Forbes, the jump in his fortune comes after LVMH reported record revenue of 21 billion euros (R$114 billion) in the first quarter, up 17% on the year-to-date comparison. Thanks to the positive result, LVMH shares soared more than 5% on the stock market.
LVMH also reported an 18% increase in its organic sales, thanks to the return of Chinese consumers, one of the group’s largest markets.
Bernard Arnault, at the helm of LVMH for almost 30 years, replaced Elon Musk TO Forbes list of 2023 billionaires released earlier this month. Musk now appears in second place, with an estimated fortune of $188.3 billion.
Source: Terra
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