The top 10 richest people in the world (May 2026)
There’s a new member of the $300 billion club and a second sibling from America’s richest family among the planet’s ten wealthiest people.
LVMH
Billionaire LVMH CEO Bernard Arnault warns of ‘world catastrophe’ if Iran War is unresolved
Luxury brands cited a slowdown in demand throughout the conflict, disrupting earnings.
LVMH founder Bernard Arnault’s fortune falls $50 billion this year
Luxury goods giant LVMH’s stock is down 26% this year amid declining revenue — due to Middle East conflicts and exchange rates—slashing nearly $50 billion from its billionaire owner Bernard Arnault’s fortune.
Luxury stocks—Hermès, Prada, more—boom as LVMH earnings fuel rally
The luxury bellwether reported sales growth for the first time this year.
Bernard Arnault’s fortune up $19 billion as LVMH earnings boost stock
The stock surge also pushes LVMH’s market cap to €304.89—making it Europe’s second most valuable company by market cap.
Bernard Arnault’s fortune falls by $9 billion as LVMH shares plunge
Luxury goods conglomerate LVMH is no longer the world’s most valuable luxury brand, eclipsed by Hermès on Tuesday after it disclosed worse-than-expected Q1 results.
LVMH billionaire Bernard Arnault receives Malcolm S. Forbes Lifetime Achievement Award
Bernard Arnault, chairman and CEO of LVMH Group, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok.
The 10 richest people in the world lose $66 billion in a day
The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors.
Who is Frederic Arnault? Billionaire Bernard Arnault’s 29-year-old son picked to lead LVMH watch division
LVMH, the luxury fashion and alcohol giant owned by billionaire Bernard Arnault, named the owner’s 29-year-old son Frederic Arnault as head of the company’s watch division—joining his siblings in a senior leadership role at the family business.
LVMH shares drop on slower growth, wiping $6 billion from Bernard Arnault’s fortune
LVMH reported a major slump in growth in its third-quarter results amid weakening demand for luxury goods.