Bullet points of LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
Bullet points of LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
- Bernard Arnault's net worth has decreased by $54 billion from its March peak.
- LVMH stock has slumped 16% this year, affecting the company's sales and profits.
- Arnault's net worth has tanked by $30 billion this year, making him the biggest wealth loser among the 500 individuals on Bloomberg's list.
- LVMH's troubles are attributed to a 16% slump in its stock price, which has been hit by softer demand and profits.
- Bernard Arnault's net worth has decreased by $54 billion from its March peak.
- LVMH stock has slumped 16% this year, affecting the company's sales and profits.
- Arnault's net worth has tanked by $30 billion this year, making him the biggest wealth loser among the 500 individuals on Bloomberg's list.
- LVMH's troubles are attributed to a 16% slump in its stock price, which has been hit by softer demand and profits.