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LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout

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Bernard Arnault was the richest person on the planet six months ago; now he's flirting with fifth place. Arnault is the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury-goods behemoth. In late March, he was worth an estimated $231 billion, ranking him ahead of Tesla CEO…

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