LVMH's Arnault Supplants Ortega as World's Fourth-Richest Person
(Bloomberg) -- It has been a roller coaster ride for the planet's richest people this week as tariffs and tech roiled markets.
Bernard Arnault, chairman of luxury-goods maker LVMH, reached a new level of rich as his Christian Dior SE rose to a record Thursday, making him the fourth-wealthiest person, surpassing Spaniard Amancio Ortega on the Bloomberg Billionaires Index. The Frenchman is now worth $70.7 billion, the most of any European.
--With assistance from Tom Metcalf
To contact the reporter on this story: Devon Pendleton in London at dpendleton@bloomberg.net.
To contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Peter Eichenbaum
©2018 Bloomberg L.P.
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