LVMH's Arnault Supplants Ortega as World's Fourth-Richest Person

• April 06 2018
• Devon Pendleton

It has been a roller coaster ride for the planet’s richest people this week as tariffs and tech roiled markets.

It has been a roller coaster ride for the planet’s richest people this week as tariffs and tech roiled markets.

Bernard Arnault, chairman of luxury-goods maker LVMH, reached a new level of rich as his Christian Dior SE rose to a record Thursday, making him the fourth-wealthiest person, surpassing Spaniard Amancio Ortega on the Bloomberg Billionaires Index. The Frenchman is now worth $70.7 billion, the most of any European.

— With assistance by Tom Metcalf