Europe’s Richest Man Gains $11 Billion on Day Stocks Surged

Luxury-goods mogul Bernard Arnault has been hard hit by the spread of the coronavirus, losing more financially than anyone else in the world.

He’s directly enlisted his conglomerate -- which controls Christian Dior and Louis Vuitton -- in the battle against the virus by financing the delivery of millions of medical masks to France from Chinese suppliers and converting a Dior perfume factory outside Orleans into a producer of hand sanitizer.