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Fortune

Prarthana Prakash

Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth

Bernard Arnault China LVMH Luxury

bernard Arnault (Credit: Chesnot/Getty Images)

Bernard Arnault’s wealth has swayed by billions in recent weeks, and each time, a nudge on China’s economic rebound is all it took.

The LVMH CEO had a mildly painful year as he fell to fifth place among the world’s wealthiest people.

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Top stories on inkl right now

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One subscription that gives you access to news from hundreds of sites

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