in a crisis a lot of people say things will never
Bernard Arnault Has Lost More Money Than Anyone In The World In Coronavirus Crisis HighlightsBernard Arnault's LVMH shares went down 19% this yearHis net worth has shrunk by more than $30 billion"We are very much long term oriented": LVMH's Chief Financial Officer In his ninth floor office on Paris's Avenue Montaigne, Europe's wealthiest man, Bernard Arnault, is spending long hours plotting a post virus future for his luxury goods empire, LVMH. At 71, the billionaire has lived through several crises, but none quite like this one, with his fake designer bags armada of more than 70 brands from Dior to Fendi hit from all sides. Arnault's wealth has plunged. With LVMH shares down 19% this year, his net worth has shrunk by more than $30 billion losing more money than any other individual in the world, according to the Bloomberg Billionaires Index. Chairman Jeff Bezos had gained. Undeterred, Arnault has been heading to his war room every day, where he's ...
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