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Fortune

Prarthana Prakash

LVMH's Bernard Arnault became richer after China unveiled its stimulus measures

Bernard Arnault LVMH China Luxury

bernard arnault (Credit: Nathan Laine/Bloomberg)

LVMH patriarch Bernard Arnault had a short-lived time as the world’s fifth-richest man.

The French magnate shed about $54 billion in wealth amid a painful luxury slump, only to be bumped right back up by a spot—placing him after Elon Musk, Jeff Bezos, and Mark Zuckerberg on the Bloomberg Billionaires Index.

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