French tycoon joins centibillionaire club
LVMH boss' firm gets huge lift from global stock surge following Covid-19 vaccine test
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NEW YORK • French luxury titan Bernard Arnault is a centibillionaire after promising results of a Covid-19 vaccine spurred global equities higher, including Mr Arnault's LVMH.
Mr Arnault joins tycoons Jeff Bezos, Bill Gates, Mark Zuckerberg and Elon Musk in the rarefied club. It is the first time five individuals have boasted fortunes exceeding US$100 billion (S$134.8 billion), according to the Bloomberg Billionaires Index, a daily wealth ranking. Overall, the group added US$68 billion to their collective fortune on Monday.
