Tesla CEO Elon Musk's fortune tumbled by more than $17 billion on Wednesday, July 24, per Forbes estimates. Sliding stocks on Wednesday took a huge divot out of the fortunes of the world’s ultra-rich.

French luxury businessman Bernard Arnault is poised to see a significant drop in his fortune, potentially by several billion dollars. Nearly half of Arnault’s wealth is tied to his stake in LVMH-Moët ...

Bernard Arnault drew parallels between layoffs at Tiffany & Co. and job cuts at Meta on an earnings call Tuesday. The CEO of the luxury conglomerate LVMH said he talked with Mark Zuckerberg last week ...

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Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a mixed set of results from Louis Vuitton’s owner, LVMH. After Burberry and ...

LVMH lost its place among Europe’s top five listed companies as the luxury-goods maker endures its worst year-to-date slide since the 2008 financial crisis. The French company’s shares fell about 3% ...