On Thursday, LVMH CEO Bernard Arnault’s wealth grew by another $12 billion, solidifying his lead as the world’s richest person, reports Bloomberg.
LVMH shares rose 5.7% after the company released a strong sales report, driven by Chinese shoppers emerging from pandemic lockdowns.
The Frenchman’s fortune soared to $210 Billion, widening the gap with the second richest man in the world, Elon Musk, at $180 billion.