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LVMH's Bernard Arnault overtakes Mark Zuckerberg to become 3rd-richest person after $30 billion wealth surge
China's stimulus plans have lit a fire under LVMH stock, boosting CEO Bernard Arnault's net worth from $177 billion to $207 billion in just five days.
Bernard Arnault overtakes Mark Zuckerberg on wealth rankings following $30 billion boost
"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."
Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world
Recent figures from Bloomberg’s Billionaire Index show Zuckerberg has grown his personal fortune by a whopping $73.4 billion in 2024 to $201 billion.
Mark Zuckerberg Joins the $200 Billion Club, Ranks 4th Worldwide
Despite Facebook's waning popularity, Mark Zuckerberg’s financial position remains strong. Zuckerberg has now entered the exclusive $200 billion club, joining Elon Musk, Jeff Bezos, and Bernard Arnault as the fourth member.
Mark Zuckerberg's wealth has now surpassed 200 billion dollars
According to the Forbes Wealth Index, the Facebook founder has increased his net worth from 73.4 billion dollars to 201 billion dollars in 2024. The Meta CEO is currently the fourth richest person in the world.
3h
How a micro miniskirt helped Prada buck the luxury slump
Thanks to coveted designs from Miu Miu and a company-wide turnaround strategy, Prada is one of the few luxury success stories ...
2d
LVMH deal spurs rally in Moncler, speculation about luxury sector M&A
Shares in Moncler rose sharply on Friday after French rival LVMH invested in the Italian outerwear specialist, fuelling ...
36m
Bluestar Alliance, LLC announces that it has acquired Off-White LLC, the company which owns the Off-White brand, from LVMH
LVMH announces that it has sold Off-White LLC, the company that owns the Off-White brand, to Bluestar Alliance, LLC, a New York-based brand management company. Terms of the transaction are not being ...
3d
on MSN
LVMH Invests in Moncler Through Deal With CEO Ruffini
French luxury heavyweight LVMH is investing in Moncler in a transaction that gives LVMH a seat on the board of the Italian ...
4d
on MSN
LVMH’s Head of Sephora, Department Store Division to Leave
The head of LVMH’s business unit that operates the Sephora beauty chain and Parisian department stores is leaving the luxury ...
1d
LVMH And Hermes International, Luxury Alpha
Discover why luxury companies like LVMH and Hermès are solid investments worth considering for long-term growth in your ...
3d
LVMH Expands Industry Influence With Investment in Moncler
LVMH is investing in Moncler in a transaction that gives the luxury heavyweight a seat on the board of the Italian fashion ...
3d
LVMH Invests in Luxury Outdoor Brand Moncler
LVMH is investing in designer outerwear label Moncler SpA in a deal that will give the French luxury conglomerate a seat on ...
3d
Hermès boss doesn’t like the company being compared to archrival LVMH, which once tried to buy the Birkin bag maker
Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to ...
2d
LVMH takes stake in Moncler, fuelling speculation about luxury sector M&A
Shares in Moncler rose sharply on Friday after French rival LVMH invested in the Italian outerwear specialist.
2d
LVMH invests in maker of $2,000 TikTok-viral ski jacket
Moncler has become all the rage in recent years under Remo Ruffini’s leadership—and LVMH was probably drawn to its success.
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