"The ups and downs of the luxury market have catapulted Arnault up and down the billionaire list. As the leader of LVMH with a 48% stake in the business, his fortune is largely at the whim of whether consumers are buying up opulent products like Louis Vuitton bags, TAG Heuer watches, and Dom Perignon champagne. But Arnault's current high of $192 billion isn't anywhere near his high of $209 billion in January this year."
"At the start of 2025, LVMH was reporting a positive outlook. Despite an "unfavorable economic environment," the business said, 2024 revenue stood at €84.7 billion ($98.8 billion) and profits soared €19.6 billion ($22.9 billion), with major gains being made in Asia, the U.S., and Europe. However, over the following months, the billionaire's fortune would plummet to lows of $148 billion in April and $146 billion in June."
Bernard Arnault's net worth surged from $173 billion to $192 billion between October 14 and 15, a $19 billion increase that moved him from eighth to seventh richest, surpassing Steve Ballmer. Arnault holds a 48% stake in LVMH, so his wealth closely tracks luxury sales of brands like Louis Vuitton, TAG Heuer and Dom Perignon. LVMH reported €84.7 billion in 2024 revenue and €19.6 billion in profits, with gains across Asia, the U.S. and Europe. Arnault's fortune fell to as low as $146 billion midyear but began to recover after a Q3 revenue uptick and accompanying share surge.
Read at Fortune
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