French Billionaire Rakes in $17 Billion Amid China’s Economic Stimulus Boost
The billionaire behind French luxury giant LVMH, Bernard Arnaut, saw his wealth skyrocket by $17 billion in just one day, following China’s announcement of new economic stimulus measures aimed at boosting growth. Some are calling these the much-anticipated “bazookas” needed to restore confidence in the economy. Arnaut wasn’t the only beneficiary. According to Reuters, Chinese…