These 10 Billionaires Got $34 Billion Richer This Week, Led By Luxury Goods Tycoon Bernard Arnault

, the world's top 10 billionaire gainers added a total of $33.6 billion to their net worths in the seven days ending Thursday, May 28.

Part of the boost came after the European Union announced a widely anticipated and larger-than-expected $830 million stimulus package for the region on Wednesday; European stocks soared as a result. The blue-chip heavy Euronext 100 index, which includes the stocks of L'Oréal, LVMH and AB InBev—all tied to the week’s top 10 gainers—climbed nearly 6% in the week through Thursday, outpacing the S&P 500’s gain of just under 3%.

LVMH shares ended the seven days up 8%, and Arnault's fortune climbed by $8.1 billion, making the luxury goods tycoon a centibillionaire once again, worth $103.4 billion. Like most of this week's billionaire gainers, however, Arnault's gains came in the wake of recent declines. Back in, the luxury goods kingpin briefly became the richest person on earth , and was worth $117 billion when LVMH stock hit an all-time high.

Several other European fashion and consumer goods powerhouses also jumped this week as increased optimism over economies reopening propped up stocks., Europe's second-richest man and the cofounder and former chair of Spain-based clothing retailer Inditex Group, is the week's second largest gainer. Shares of the Inditex, parent of the Zara chain, surged nearly 10% since last Thursday, adding $4.9 billion to Ortega's fortune, which ended Thursday at $65.7 billion.

This is awesome!!!

Couldn't care less. Forbes maybe instead of talking about millionaires, talk about those people who have a difference during this difficult time. Focus on that!

Er erinnert mich an den hausinger_ihk. Naja, wird er schon sein, gehört er doch dazu.

ceoworld 🔥🔥🔥⚔️

Maybe donate it to WHO or charities or better yet fun vaccination research

This might be misleading, to say the rich are exploiting the poor and making more money. Whereas it could have been the projecting or even less than what they would have earned had there be no coronavirus

Throw me a cpl bucks for gas ⛽️

And they say the world is moving towards an economic crunch. How is that even possible?

Thoughts and prayers!

No one cares

Kill them

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