The richest man in the world arrives in China
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The richest man in the world Bernard Arnault arrives in China
Bernard Arnault, CEO and Chairman of the Board of Directors of Louis Vuitton Moët Hennessy (LVMH), arrived in China after sales of the company’s luxury goods in China increased several times, according to CNN.
Since the lifting of strict restrictions related to the coronavirus, this was the first visit of a French billionaire to China. On Tuesday, June 27, Arno was spotted at several shopping malls in central Beijing, photos surfaced on Chinese social media.
Bernard Arnault is following the lead of Elon Musk, CEO of Tesla, and Jamie Dimon, CEO of JP Morgan, who also visited China, the channel notes.
LVMH, the French luxury goods manufacturer, has become the first European company to exceed $500 billion in total valuation. This growth was driven by increased demand from Chinese buyers for luxury goods and the strengthening of the euro.
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