Bernand Arnault, who owns LVMH – which includes luxury brands such as Louis Vuitton, Moet & Chandon, and Christian Dior – saw a considerable drop in his fortune after shares of the conglomerate declined five per cent on Tuesday. Arnault’s net worth is currently at $192 billion – $12 billion higher than Elon Musk
Arnault s fortune comes from the pandemic-defying performance by luxury group LVMH (Louis Vuitton Moet Hennessy) that also owns names like Fendi, Christian Dior and Givenchy