Amid the Coronavirus pandemic, Bernard Arnault, the richest man in Europe and the world's third-richest billionaire, has incurred an extraordinary loss of $30 billion, making him the individual with the largest monetary setback globally. The 71-year-old Frenchman serves as the chairman and CEO of the esteemed luxury conglomerate LVMH Moët Hennessy, which manages a portfolio of 70 luxury brands, including Louis Vuitton and Sephora. As the global economy grapples with the effects of the pandemic, LVMH shares have witnessed a 19% decline in the span of a year, as reported by Bloomberg. This plunge has resulted in Arnault's net worth plummeting by a staggering $30 billion according to the Bloomberg Billionaires Index, surpassing the losses of any other ...

The Coronavirus pandemic has caused Bernard Arnault, the wealthiest man in Europe and the third-richest billionaire globally, to suffer a remarkable $30 billion loss, making him the biggest loser in the world during this crisis.   The 71-year-old Frenchman is the chairman and CEO of LVMH Moët Hennessy, a prestigious luxury empire overseeing a portfolio of 70 luxury brands including Louis Vuitton and Sephora.    Amid the global economic downturn due to the pandemic, LVMH shares plunged by 19% in a year, as reported by Bloomberg.   This has led to a staggering drop in Arnault's net worth by $30 billion, according to the Bloomberg Billionaires Index, making him the individual who has suffered the most during this period.   As of May 6, his net worth was reported to be $77 billion, con...