Arnault's fortunes have sharply declined due to a 16% drop in LVMH stock, impacted by weaker consumer demand and lower profits across several sectors.
With a reported loss of $54 billion, Arnault's net worth has decreased significantly, making him the top wealth loser among the Bloomberg Billionaires Index.
The latest results revealed LVMH's underlying revenues grew only 2% and profits substantially fell in key sectors, reflecting broader economic challenges.
Arnault's decline from first to fifth place in wealth rankings illustrates not only personal loss but also the declining fortunes of luxury retail amid shifting market dynamics.
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