Bernard Arnault, the chairman and CEO of LVMH, has experienced a significant drop in his net worth recently. As of September 2024, his net worth is estimated to be around $174.5 billion. This marks a substantial decrease from earlier in the year when his net worth was higher.
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This decline is attributed to various factors, including fluctuations in the stock market and changes in the luxury goods sector, which have impacted the value of LVMH shares.
Are you interested in more details about what might have caused this drop or how it compares to other billionaires’ fortunes?
Bernard Arnault & family: Chairman and CEO, LVMH Moët Hennessy Louis Vuitton
Here are the wealthiest people on Forbes' annual rich list.
What a year it’s been for the planet’s billionaires, whose fortunes continue to swell as global stock markets shrug off war, political unrest and lingering inflation. There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They’re richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021. Two-thirds of the list’s members are worth more than a year ago; only one fourth are poorer. Much of the gains come from the top 20, who added a combined $700 billion in wealth since 2023, and from the U.S., which now boasts a record 813 billionaires worth a combined $5.7 trillion. China remains second, with 473 (including Hong Kong) worth $1.7 trillion, despite weak consumer spending and a real estate bust that helped wipe out some $300 billion in wealth. India, which has 200 billionaires (also a record), ranks third. To calculate net worths, we used stock prices and exchange rates from March 8, 2024. See below for the full list of the world’s billionaires and our methodology. For daily updated net worths of all 2,781 billionaires, check out our real-time billionaires rankings.
How The World’s Richest Person Bernard Arnault Made His Money