Arnault Snaps Up LVMH Shares After Vowing to Own More Than 50%

The day after French billionaire Bernard Arnault vowed to raise his stake in luxury conglomerate LVMH to majority ownership, he hunkered down and started buying.

Europe’s richest individual purchased roughly €100 million of stock on Jan. 28, according to a Paris stock market filing. That came just after Arnault had unveiled 2025 results that disappointed investors and he delivered a downbeat outlook, hitting the share price and handing him his biggest single-day personal wealth loss in dollars of $15 billion. Filings show he’s kept up the pace through holding companies, bringing total purchases through Feb. 4 to some 757,000 shares, worth about €407 million.