Bernard Arnault, the founder and CEO of LVMH Mot Hennessy Louis Vuitton, has become about $14 billion richer already in 2025, according to the Bloomberg Billionaires Index.
He leapfrogged Oracle cofounder Larry Ellison on Thursday to take fourth place on Bloomberg’s rich list with an estimated $190 billion fortune, adding $15 billion to his net worth in just one day.
The luxury tycoon has gained more wealth this year than Binance founder Changpeng Zhao, who was up nearly $12 billion at Thursday’s market close, and the “Donald of Dubai” Hussain Sajwani, up around $10 billion.
Zuckerberg and Musk are the next-biggest gainers. The Meta and Tesla CEOs have added around $9 billion and $7 billion to their respective fortunes in just over two weeks, respectively.
Arnault’s net worth soared on Thursday as LVMH stock surged 9% to close at its highest price since September. Arnault owns about 48% of the luxury conglomerate, which houses around 75 brands, including Tiffany & Co, Dom Perignon, and Sephora.
The shares jumped on hopes of a rebound in luxury demand after rival Richemont — the owner of brands like Cartier and Chlo — reported record quarterly sales with around 20% growth across Europe, the Americas, Japan, and the Middle East and Africa.
Consumer appetite for pricey products came roaring back after the pandemic as people resumed traveling and shopping again. But the luxury business has struggled more recently as brisk inflation, higher interest rates, and economic fears have dampened demand even among well-heeled buyers.
The group benefited from the buzz around artificial intelligence, the Federal Reserve’s interest rate cuts, an improved US economic outlook, and hopes that Donald Trump’s planned tax cuts and deregulation as president will boost corporate profits.
LVMH’s Bernard Arnault Takes Over Larry Ellison as the World’s 4th-Richest Person with $15 Billion Gain in a Day
In a stunning turn of events, Bernard Arnault, the chairman and CEO of LVMH Moët Hennessy Louis Vuitton, has surpassed Larry Ellison, the co-founder and former CEO of Oracle Corporation, to become the world’s fourth-richest person.
Arnault’s net worth soared by an astonishing $15 billion in just one day, thanks to a surge in LVMH’s stock price following a strong quarterly earnings report. This massive increase in wealth propelled him past Ellison, who has long been a fixture in the top ranks of the world’s wealthiest individuals.
Arnault’s rise in the rankings is a testament to his business acumen and the success of LVMH, the luxury goods conglomerate he has built over the years. With a portfolio of brands that includes Louis Vuitton, Dior, and Moët & Chandon, Arnault has solidified his position as one of the most powerful figures in the fashion and luxury industry.
As Arnault takes his place among the elite few at the top of the global wealth pyramid, the world watches in awe at his meteoric rise and the shifting sands of fortune in the ultra-competitive world of billionaires.
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LVMH, Bernard Arnault, Larry Ellison, world’s 4th-richest person, $15 billion gain, wealth ranking, billionaire news, business updates
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