The French multi -illiarch has almost 50 percent of the shares in the luxury group LVMH, which includes brands such as Louis Vuitton, Dior, Moët or Hennessy. But after Trump’s “Liberation Day”, these shares also dropped in value.
Arnault, who was also a guest at Trump’s inauguration, is only $ 150 billion, according to “Bloomberg Billionaires Index”. However, he still ranks fifth in the world’s richest people. The luxury entrepreneur lost about $ 19 billion Since last Wednesday. On Monday alone, the faults on the stock market pressed his pure assets by more than $ 7.5 billion.
A former Trump opponent, but now ally, is Sergey Brin, the co-founder of Google. He still holds more than 42 percent of the B shares in alphabet, the parent company of the search engine-but due to the special stock structure, it is only 25 percent of the voting rights.
Brin has lost $ 32.5 billion since the beginning of the year, and at least since Wednesday 9 billion dollars. Overall, according to “Bloomberg”, the pure assets are still $ 126 billion – and Brin is therefore in tenth tenth of the most wealthiest people in the world.
The threat of additional tariffs against China led to further turbulence on the global financial markets, which have been under pressure since Trump’s announcements in the past week.
On Monday, 2.4 percent was in the red on Monday during the Dow-Jones index. The Dax, which had already lost around eight percent on Thursday and Friday, dropped 4.3 percent on Monday. Investors fear that the tariffs could lead to higher prices, weaker demand and possibly a global recession.
