Friday, May 7

Tag: risk-taker

Europe’s wealthiest man, Bernard Arnault has Lost $30BILLION During Coronavirus Crisis
Lifestyle

Europe’s wealthiest man, Bernard Arnault has Lost $30BILLION During Coronavirus Crisis

Bernard Arnault, the richest man in Europe and third-richest billionaire worldwide, has lost an astonishing $30billion during the Coronavirus pandemic more than any other person in the world. The Frenchman, 71,  is the chairman and CEO of the prestigious luxury empire LVMH Moët Hennessy and oversees a portfolio of 70 luxury brands, including Louis Vuitton and Sephora. While the economy is struggling globally due to the Coronavirus pandemic, LVMH shares has plummeted by 19% in a year, Bloomberg reported. It means Arnault's net worth has plunged by a staggering $30billion, as calculated by the Bloomberg Billionaires Index. It was also reported that he has lost more than any other individual in the world. As of May 6, the businessman had lost as much money as Jeff Bezos, ch...

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