• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
Graph showing downward trend of Bernard Arnault's net worth. - Supply Chain News

Bernard Arnault’s Ranking on the World Billionaire List Shifts

10/18/2023
Netanyahu at White House as Trump Hints at New Tariffs

Netanyahu at White House as Trump Hints at New Tariffs

07/08/2025
Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

Reciprocal Tariff Deadline Extended to August 1 as Trump Renews Duty Threats

07/08/2025
Trump Extends Tariff Deadline, Warns of New Duties Up to 40%

Trump Extends Tariff Deadline, Warns of New Duties Up to 40%

07/08/2025
Trump Sets 25% Tariffs on Japan, South Korea, Adds Duties for 12 Nations

25% Tariffs on Japan, South Korea Set, Plus New Duties for 12 Nations, Trump Confirms

07/08/2025
Trump Extends Tariff Deadline for 14 Countries Until August

Tariff Deadline for 14 Countries Extended Until August, Says Trump

07/08/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex® Expands Global Presence with Sustainable Engineering and Clean Energy Solutions

07/07/2025
Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

Innovative Filtrex Techno Engineering India Pvt. Ltd. Earns Nomination for Go Global Awards 2025

07/07/2025
Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

Q2 U.S. Auto Sales Grow, While Tariffs Threaten Higher Prices

07/03/2025
Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

Rising Import Costs Put Pressure on U.S. Restaurants Amid Tariffs

07/03/2025
Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

Vietnam Trade Deal Secured as U.S. Prepares for Tariff Changes

07/03/2025
U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

U.S. and Vietnam Reach Trade Agreement Including New 20% Tariff on Imports

07/03/2025
Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

Uncertainty Grows as July 9 Tariff Deadline Nears Amid Ongoing Trade Talks

07/03/2025
supplychainreport
Thursday, July 10, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

Bernard Arnault’s Ranking on the World Billionaire List Shifts

by Raxer X.
10/18/2023
in Luxury Goods

Bernard Arnault, the founder and CEO of LVMH, a company renowned for its luxury brands like Louis Vuitton, Dior, and Tiffany, recently saw a change in his position on the world billionaire list, as reported by Bloomberg. His estimated net worth stands at around US $155 billion, placing him in the third position. This shift was primarily due to tech billionaire and Amazon CEO Jeff Bezos, with an estimated net worth of US $156 billion, overtaking him.

Topping the list is South African-born Elon Musk, whose fortune is valued at approximately US $243 billion. It’s noteworthy that the list is predominantly dominated by American tech entrepreneurs, making Bernard Arnault the sole European representative and the only billionaire focused on the consumer industry.

YOU MAY ALSO LIKE

Designer Fragrances Embrace Niche Market Trends

Luxury Brands Adjust Strategies to Appeal to Aspirational Consumers

Arnault’s fortune experienced a decrease of approximately $7 billion, which could be attributed to a combination of factors, including deviations from expected sales targets and challenges arising from post-lockdown spending patterns, sluggish sales in China, and uncertain interest rates. Reuters noted that these factors also adversely affected LVMH’s stock prices.

In September, LVMH lost its title as Europe’s most valuable company. Other luxury brands, such as Burberry and South African-owned Richemont, which owns Cartier, faced similar setbacks.

Nonetheless, there is some positive news to highlight as LVMH reported a 9% increase in revenue within the fashion and leather goods sector for the third quarter. “After three strong and exceptional years, growth is now approaching figures more in line with historical averages,” stated LVMH’s chief financial officer, Jean-Jacques Guiony, as reported by Reuters.

JP Morgan, a prominent American banking institution, expressed some reservations regarding the fashion stock. “LVMH, in our view, remains one of the top-quality players in the sector and one of the companies expected to weather the ongoing volatility relatively well. However, given the current negative earnings momentum and an uncertain outlook, we anticipate limited potential for immediate revaluation,” as cited in a note attached to the report.

Your go-to for supply chain report news updates: The Supply Chain Report. For international trade tools, see ADAMftd.com.

#BernardArnault #LVMH #LouisVuitton #Dior #Tiffany #JeffBezos #ElonMusk #BillionaireList #LuxuryBrands #FashionIndustry #TechBillionaires #LVMHStock #GlobalEconomy #BusinessNews #LuxurySector #RevenueGrowth #ConsumerIndustry #FashionAndLeatherGoods #JPmorgan #MarketVolatility

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.