These 10 Billionaires Got $34 Billion Richer This Week, Led By Luxury Goods Tycoon Bernard Arnault - News Summed Up

These 10 Billionaires Got $34 Billion Richer This Week, Led By Luxury Goods Tycoon Bernard Arnault


LVMH shares ended the seven days up 8%, and Arnault's fortune climbed by $8.1 billion, making the luxury goods tycoon a centibillionaire once again, worth $103.4 billion. Back in mid-January, the luxury goods kingpin briefly became the richest person on earth (a few times), and was worth $117 billion when LVMH stock hit an all-time high. Several other European fashion and consumer goods powerhouses also jumped this week as increased optimism over economies reopening propped up stocks. They're trading near all-time highs, and Takizaki, who's now worth $24.1 billion, is $2.1 billion wealthier. Rick Wilking/Reuters/Newscom3 | WARREN BUFFETTNET WORTH | $72.8 BILLION, UP $3.9 BILLIONCOUNTRY | UNITED STATESSOURCE OF WEALTH | BERKSHIRE HATHAWAY4 | FRANCOIS PINAULTNET WORTH | $35.6 BILLION, UP $3.2 BILLIONCOUNTRY | FRANCESOURCE OF WEALTH | LUXURY GOODSBillionaire L'Oréal heiress Françoise Bettencourt Meyers.


Source: Forbes May 29, 2020 22:41 UTC



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