Bernard Arnault, CEO of luxury giant LVMH, has experienced a significant decline in his net worth, dropping from the top spot to nearly fifth place on the Bloomberg Billionaires Index. The decline is attributed to a drop in LVMH’s stock price and challenges in the luxury goods market.
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French billionaire Bernard Arnault, CEO of luxury goods conglomerate LVMH, has been aggressively investing in artificial intelligence (AI) startups through his family office, Aglaé Ventures. His investments, totaling over $300 million in 2024 alone, reflect a strategic move to diversify his portfolio and stay ahead of the curve in the rapidly evolving technology landscape.