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Europe’s Richest Man Earns $39 Billion in 2019

Europe’s Richest Man Earns $39 Billion in 2019

Bernard Arnault

Bernard Arnault

Photographer: Marlene Awaad/Bloomberg

Luxurious Gains
Bernard Arnault

Photographer: Marlene Awaad/Bloomberg

LVMH, the owner of luxury brands from Louis Vuitton to Dom Perignon, has gained $82 billion in market value this year, the most among European stocks. That would amount to a gain of about $39 billion for the region’s richest man, Bernard Arnault, who owns nearly half the company, according to Bloomberg data. The Swiss market also enjoyed a strong year, represented by Nestle SA and Roche Holding AG, while technology stocks remain hot, boosting sector giants ASML Holding NV and SAP SE.

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— With assistance by Albertina Torsoli