This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
News
Arnault buys €440 million worth of LVMH shares
LVMH chairman, Bernard Arnault, has put even more faith in the world’s premier luxury goods business he controls, by purchasing €440 million worth of shares in the company.
He recently bought €440 million (£375m) of the company’s shares. Arnault bought the stock through companies that he and his family control, as disclosed in statutory documents last week.
LVMH shares have surged more than 20% this year, making Arnault, aged 72, the world’s second-richest person after Amazon’s Jeff Bezos.
He is now worth $162 billion according to the Bloomberg Billionaires Index.