The state of the owner of Louis Vuitton again exceeded $100 billion

Состояние владельца Louis Vuitton снова превысило $100 млрд

The head of the group of companies Louis Vuitton Moët Hennessy Bernard Arnault a week increased his fortune by $8.1 billion, after which it again exceeded $100 billion, reported by Forbes.

The publication took into account changes that have occurred in the week from 21 to 28 may.

Partly it was promoted by the announcement by the EU on new measures to support the economy, writes Forbes. After that, European shares rose, in particular, the stock price of LVMH has increased by almost 10%. The state of the Arno reached $103.4 billion

With the beginning of the year the Arno several times, became the richest man in the world, his fortune at its peak was estimated at $117 billion, while the value of LVMH shares have reached record highs. However, with the beginning of the pandemic, the situation has worsened and the Arno lost its leading position, the newspaper notes.

The billionaire led the top 10 businessmen according to Forbes in the amount of the weekly income. Second place was taken by co-founder of Inditex Amancio Ortega. Shares of Inditex (parent company of Zara network) for the week have increased in price 10%, and the Ortega earned $4.9 billion After that his fortune increased to us $65.7 bn

Only ten businessmen from the Forbes list for the week earned a total of $33.6 billion. it also includes an American businessman and investor Warren Buffett, founder Kerin Francois Pinault, co-owner of L’oreal françoise Bettencourt-Meyers, the founder of Uniqlo, Tadashi Yanai and others.

Earlier, analysts said that within two months of the pandemic the U.S. billionaires increased their fortunes by $434 billion (from 18 March to 19 may). Most in percentage earned the Menards owner John Menard, Jr. (62,8%) and entrepreneur Elon Musk (48%).