He lost more than $ 12 billion in one day. With a heritage of 151 billion, Bernard Arnault is now “more” than in seventh place in the classification of the wealthiest people. This is indicated by the index of the group specializing in the Bloomberg financial markets, which classifies the most richest personalities on the planet.
While he was in 5th place in early April according to this classification, the owner of the LVMH group is today behind Elon Musk (313 billion), Jeff Bezos (201 billion), Mark Zuckerberg (185 billion), Warren Buffet (156 billion), Bill Gates, (159 billion) and Larry Ellison (156 billion).
The LVMH price drops on the stock market
As BFMTV explains, this descent into the ranking is linked to the drop in the stock market price of the luxury group LVMH, which dropped by 7.82 % on Tuesday. This is explained in particular by the quarterly results unveiled by the group on Monday evening, deemed disappointing because it is largely below expectations.
This disappointment is particularly crystallizing on the “fashion and leather goods” division of LVMH, whose revenues fell 5 % over the first three months of the year. This is explained in particular by a drop in demand from Chinese customers, more cautious because of the economic context.
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