Arnault Wins Big on China Stimulus With $17 Billion Wealth Surge

LVMH has been a beneficiary of China’s luxury spending
Gain follows China’s mega-stimulus package to revive economy

Bernard Arnault Photographer: Bloomberg/Bloomberg

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By Diana Li

September 26, 2024 at 8:57 PM UTC

This article is for subscribers only.

Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by $24 billion.

Then China’s top leaders gave the green light to supercharge stimulus in the world’s second-largest economy. And with that, the French tycoon’s wealth has been given new life.