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The Person Who Lost Most Wealth During COVID-19 Crisis
By: Tupaki Desk | 8 May 2020 2:00 PM GMT
The devastating coronavirus has largely affected mankind like no other pandemic human's ever faced. When seen globally, 3.85 Million people are infected and 2,70,000 people died of this virus. Not just the humans, but it also brought the world business on its knees. From big to small companies and industries are greatly affected and drowned in the loses now.
Apparently, there is one man who lost more wealth during this crisis. Bernard Arnault, Europe's wealthiest man, owner of LVMH (LVMH Moet Hennessy Louis Vuitton SE) is the worst affected person on the face of the earth.
The company had come through several crises, but nothing like the existing COVID 19 crisis. As per the Bloomberg Billionaires Index, 71 year old Bernard Arnault's LVMH shares plunged by 19 percent this year and his net worth shrunk by more than USD 30 billion. This is most by any person in the world. As per the reports up to May 6, Bernard had lost the equivalent amount that Amazon.com Inc. Chairman Jeff Bezos had gained.
Apparently, there is one man who lost more wealth during this crisis. Bernard Arnault, Europe's wealthiest man, owner of LVMH (LVMH Moet Hennessy Louis Vuitton SE) is the worst affected person on the face of the earth.
The company had come through several crises, but nothing like the existing COVID 19 crisis. As per the Bloomberg Billionaires Index, 71 year old Bernard Arnault's LVMH shares plunged by 19 percent this year and his net worth shrunk by more than USD 30 billion. This is most by any person in the world. As per the reports up to May 6, Bernard had lost the equivalent amount that Amazon.com Inc. Chairman Jeff Bezos had gained.
