LVMH Founder Bernard Arnault's Fortune Falls $50 Billion This Year [Yahoo! Finance]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Yahoo! Finance
(Photo by Stefano Rellandini / AFP) (Photo by STEFANO RELLANDINI/AFP via Getty Images) AFP via Getty Images Key Facts LVMH reported €19.1 billion in first quarter revenue, down 6% from the first quarter of 2025—though organic growth remained positive at 1%, with the gap between the two figures driven almost entirely by a 7% exchange rate headwind. Despite positive organic growth year-over-year, revenue is down nearly 16% from the final quarter of 2025, and the stock has nosedived around 26% this year—the company's worst start to a year on record, worse than the 2008 financial crisis, the pandemic and the dot-com bust, according to a Bloomberg analysis. The plunging stock price has wiped nearly $50 billion from the fortune of founder and CEO Bernard Arnault, who owns roughly 50% of LVMH and holds minority stakes in Hermes and Birkenstock. The company reported positive or neutral organic growth across most categories of its business—including wine and spirits, perfumes and
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