Bernard Arnault became richer again – over the past week, his fortune increased by $8 billion. The COVID-19 pandemic has had an impact on the billionaire’s business, as sales of luxury goods have plummeted this year.
Recently, however, the luxury goods industry has begun to recover its former sales volumes. As a result, the share price of the LVMH conglomerate rose by 6%, which contributed to the increase in the billionaire’s fortune.
You can read about how the pandemic affects the state of other billionaires here.