Who does not know Bernard Arnault? His LVMH, which sells about 75 brands from hand bags to perfumes, does not need any identity. Many common and special people of the world use his brand. But his days are not going well for some time. The French businessman may be the second richest businessman in the world at present, but there has been a big decline in his wealth in the last 75 days.
The shares of his company LVMH have seen a decline of about 11 percent in the last one month. Whereas in the last 6 months it has declined by 13 percent. The special thing in the past is that in 75 days there has been a decline of Rs 4 lakh crore in his wealth. Let us also tell you how much wealth he has left.
5.50 billion dollars lost in one day
On Monday, LVMH shares saw a decline of more than two and a half percent. Due to which his wealth has also declined. Talking about the figures, according to Bloomberg Billionaires Index, after the market closed on Monday, his total wealth has reduced by 5.5 billion dollars i.e. 46 thousand crore rupees. This means that there has been a decrease of 3.3 percent in the total net worth. A week ago his total wealth was more than $172 billion. In such a situation, his total wealth has declined by more than 8 billion dollars in a week. At present, Bernard Arnault's total wealth has come to 164 billion dollars.
48 billion dollars lost in 75 days
The last two and a half months i.e. 75 days have not been good for Bernard Arnault. On July 14, 2023, the total wealth of the French businessman was $ 212 billion. Which has reduced to 164 billion dollars today. This means that his wealth has decreased by $48 billion during this period. If it is weighed in rupees, then Arnault's net worth has reduced by about Rs 4 lakh crore in a span of 75 days. If we talk about the current year, it is definitely a little positive, but the increase is very less. As of today, in the year 2023, his wealth has seen an increase of only $1.62 billion.
Empire worth more than 400 billion dollars
French group LVMH is the 18th largest company in the world. Whose market cap is more than 402 billion dollars. After handbags and perfumes, the company sells many other products including clothing. The special thing is that in April 2023, the valuation of the company had reached close to 50 billion dollars. Since then the company's market cap has declined by more than $90 billion. However, this year the company's valuation has seen a growth of more than 10 percent. The market cap of the company in the year 2022 was $363.55 billion. In the last 20 years, the valuation of the company has seen an increase of 1868 percent i.e. about 20 times.
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