Arnault taps more wealth from luxury firm LVMH

Bernard Arnault, Europe’s richest man, got another boost as LVMH shares hit a record, due to better-than-expected sales of Louis Vuitton handbags and leather goods.

The Frenchman, whose fortune has increased by $19bn (€17bn) in 2019, is rubbing shoulders with Bill Gates and Warren Buffett in the Bloomberg Billionaires Index, with a net worth of $87bn.