Arnold, the richest man in Europe and chairman and CEO of LVMH Moët Hennessy Group, lost US $ 30 billion during the epidemic. The group’s stock price also fell by 19%, and many stores were closed and suffered severe financial losses. According to Forbes magazine, Arnold’s worth is about $ 77 billion.
According to analysis, the group’s profits in the first half of this year will be lost by half. Arnold and four other executives have given up part of their salary.