US, WASHINGTON (ORDO NEWS) — The fortune of the owner of Louis Vuitton and Dior, Bernard Arnault, grew by $ 8.1 billion over the week and again exceeded $ 100 billion. In general, the fortunes of the ten most wealthy billionaires in the week increased by $ 33.6 billion.
The fortune of the owner of Louis Vuitton and Dior Bernard Arnault for seven days, by May 28, increased by $ 8.1 billion, according to the American Forbes. The publication also presented the top ten billionaires whose fortunes increased most significantly during this time – the cumulative increase was $ 33.6 billion.
By May 28, Arno’s fortune had grown to $ 103.4 billion, which allowed him to re-enter the list of people with twelve-digit fortunes. In part, the Frenchman’s fortune was facilitated by the fact that the European Union announced a stimulus package of € 750 million, American Forbes notes. On this news, the European market has grown. The Euronext 100 index, which includes shares of the Arno-owned LVMH holding, rose by almost 6% by Thursday. Following the results of seven days, LVMH shares went up by 8%.
In January, the Frenchman several times briefly took the first place in the list of the richest people in the world, and at the peak of the value of LVMH shares his fortune was $ 117 billion. But later, due to the pandemic that forced to close stores and hit consumer activity, Arno’s fortune decreased significantly and fell below $ 100 billion.
Against the backdrop of growing optimism regarding the lifting of restrictions, the shares of some other European companies from the spheres of fashion and consumer goods have risen in price, the American Forbes notes. So, co-founder of Zara brand owning Spanish retailer Inditex, Amancio Ortega, became the second in the list of billionaires whose fortune increased the most in a week. The price of Inditex shares jumped by almost 10% compared to last Thursday. In addition, the fortunes of the founder of luxury goods producer Kering François Pinault and co-owner of L’Oreal Francoise Bettencourt-Meyers have grown significantly.
The stock prices of companies owned by billionaires rose in Japan. Japanese securities showed growth after the government on Monday announced the lifting of the state of emergency. The fortune of the richest man in Japan, Tadashi Yanai, who founded Fast Retailing (the owner of Uniqlo), grew by $ 2.8 billion. Fast Retailing shares went up about 12% this week. In addition, at a price close to the record, shares of Keyence are traded, which produces sensors needed to automate production. The fortune of its founder, Takemitsu Takizaki, grew by $ 2.1 billion.
A complete list of billionaires whose fortunes grew the most during the week is as follows:
1. Bernard Arnault – $ 103.4 billion (an increase of $ 8.1 billion)
2. Amancio Ortega – $ 65.7 billion (an increase of $ 4.9 billion)
3. Warren Buffett – $ 72.8 billion (an increase of $ 3.9 billion)
4. Franus Pino – $ 35.6 billion (an increase of $ 3.2 billion)
5. Francoise Bettencourt-Myers – $ 57.2 billion (an increase of $ 3 billion)
6. Tadashi Yanai – $ 26.9 billion (an increase of $ 2.8 billion)
7. Takemitsu Takizaki – $ 24.1 billion (an increase of $ 2.3 billion)
8. Leonardo Del Vecchio – $ 20.2 billion (an increase of $ 1.8 billion)
9. Carlos Slim – $ 52.9 billion (an increase of $ 1.8 billion)
10. Jorge Paulo Lemann – $ 15 billion (an increase of $ 1.7 billion)
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