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News 2026-10-03 15:30 UTC

Bernard Arnault’s Net Worth Craters by $77 Billion as LVMH Stock Crashes

Bernard Arnault, the richest person in Europe, is having a bad year as its net worth plunges amid woes in the luxury goods industry. Arnault, who controls LVMH Moët Hennessy Louis Vuitton, has lost close to $77 billion this year, the largest decline of any billionaire. His net worth now stands at $131 billion, placing