The richest man in the world loses 11 billion dollars in 24 hours
2023-05-24 14:05:41 TiranaPost
Bernard Arnault, the richest man in the world, lost 11.2 billion dollars of his fortune in one day due to the fall in the share price of European luxury companies.
Shares in LVMH fell 5% in Paris, amid a broader decline that wiped about $30 billion from the European luxury sector.
Even with the losses, the French billionaire still has a net worth of $191.6 billion, according to the Bloomberg Billionaires Index.
It has added $29.5 billion so far this year.