The coronavirus pandemic has also had its small effect on the richest. And, the main person to pay the price is none other than Bernard Arnault, CEO of the luxury group LVMH. Tuesday, in Bloomberg's continuous ranking , the Frenchman is demoted to sixth place in the world's largest fortunes. With a wealth of 79 billion dollars, he saw the Indian businessman Mukesh Ambani, boss of the conglomerate Reliance, pass in front of him, and his 79.8 billion and the American investor Warren Buffet endowed with 80.4 billion .
It must be said that the international health crisis has particularly affected the luxury industry, which has contributed to the loss of the businessman of 26 billion dollars since the beginning of the year. The world number one, LVMH announced on July 27 a net profit divided by six in the first half. Its operating margin, an indicator of its profitability, fell to 9%, against 21% a year earlier. "I don't think I have ever seen an alignment of the planets that is so negative", commented Jean-Jacques Guiony, the financial director of the group which includes 70 houses (Louis Vuitton, Fendi, Dior, Givenchy, Guerlain, Hennessy or even Sephora ).
The first woman is French
The heiress of L'Oréal, Françoise Bettencourt Meyers, however, has fared much better since the start of the year. His fortune increased over the period from $ 6 billion to $ 65 billion. She remains the first woman in the Bloomberg ranking, where she occupies eleventh place just behind Elon Musk with her 67.2 billion. François Pinault is the third French to appear in this ranking. With a wealth approaching 38 billion dollars, however, it only appears in 26th place.
Like every year, the ranking is dominated by Americans. Of the world's top 20 fortunes, 15 come from the United States, two from France, and the rest from India, Spain and finally China. But, in view of the yoyo movements made by the stock markets due to economic uncertainty as to the extent of the crisis, the places are far from fixed.
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