Status of French LVMH head Bernard Arnault grew by $11 billion in one day

The status of the head of the French LVMH, which includes Christian Dior, Louis Vuitton and Givenchy, Bernard Arnault grew by $ 11 billion overnight amid strong growth in stock markets, Bloomberg reported on March 24.

“Christian Dior and LVMH shares went up in price, and its (Bernard Arnault) fortune rose by $11.3 billion in one day, the strongest growth triggered by stock dynamics in the history of the Bloomberg Billionaires Index,” the publication says.

According to the agency, the state of Arnault in 2019 showed the strongest growth in the BBI index, but now it has decreased by $ 35.2 billion due to risks around the coronavirus pandemic and concerns about the growth of the global economy.

The Arno is currently worth $70 billion, according to Bloomberg.

Besides, it is known that the condition of the head of Berkshire Hathaway investment firm Warren Buffet increased by $6.5 billion to $70.2 billion in a day, and the founder and beneficiary of Inditex holding (owns Zara brand) Amancio Ortega became richer by $5.9 billion, now his capital is $53 billion. At the same time, the total losses of 500 richest people in the world exceed one trillion dollars since the beginning of the year.

March 15, it was reported that the U.S. entrepreneur Ilon Mask, who previously called a silly panic over the coronavirus, lost more than $5.5 billion a week. Shares of the company founded by Mask Tesla fell by 22% against the background of the largest collapse in the U.S. markets since 1987.