LVMH's Bernard Arnault ousts Larry Ellison as the world's 4th-richest person after gaining $15 billion in one day
Briefly

Bernard Arnault's remarkable ascent in 2025 highlights a resurgent luxury market. LVMH's stock surge signals a rebound in consumer demand for high-end goods, driven by renewed spending as individuals travel and shop more post-pandemic.
In just one day, Bernard Arnault added $15 billion to his wealth, climbing to the world’s fourth richest person, as LVMH stock jumped 9% following strong earnings from a rival luxury goods company.
Arnault's ownership of nearly 48% in LVMH, which encompasses renowned brands like Tiffany & Co. and Dom Perignon, positions him to significantly benefit from the luxury market's recovery.
Despite challenges like inflation and economic uncertainties impacting consumer behavior, luxury demand appears to be revitalizing, indicated by the robust growth reported by competitors in the sector.
Read at Business Insider
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