The stock surge also pushes LVMH’s market cap to €304.89—making it Europe’s second most valuable company by market cap.
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The world's 10 richest people had a combined $135.33 billion rally in the stock market on Wednesday. Stocks surged after Trump said he'd rolled back tariff plans that had caused the market to plunge.
The sustained buying blitz brings Arnault and his family closer to owning half of the high-end brand juggernaut.