Bernard Arnault's Fortune Gets Fresh Lift From Louis Vuitton

LVMH beats analysts’ estimates despite fears of China slowdown
Arnault surpasses Buffett in wealth again as stock surges

Operations at The World's Best Airport — Photographer: Nicky Loh/Bloomberg

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By Robert Williams and Thomas Mulier

April 10, 2019 at 4:07 PM UTC

Updated on

April 11, 2019 at 8:44 PM UTC

Bernard Arnault, Europe’s richest man, got another boost as LVMH shares reached a record due to better-than-expected sales of Louis Vuitton handbags and leather goods.

The Frenchman, whose fortune has increased by almost $22 billion in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of more than $90 billion.