Particle.news

Download on the App Store

BERNARD ARNAULT BECOMES RICHEST PERSON DESPITE PROTESTS, AMID CHINA-LED LUXURY BOOM

Image
Image
Image
Image

Overview

  • Arnault's wealth hit $210 billion as LVMH shares surged on strong earnings fueled by Chinese demand.
  • Protestors stormed LVMH's Paris headquarters on the same day Arnault's fortune reached a record high.
  • Arnault widened his lead as the world's richest person, surpassing Elon Musk.
  • LVMH's first quarter revenue jumped 17% to $21 billion, reflecting strong luxury goods sales in China.