Louis Vuitton maker LVMH CEO becomes world's 4th richest man

Louis Vuitton maker LVMH's Chairman and CEO Bernard Arnault has overtaken Zara Founder Amancio Ortega to become the world's fourth richest person, according to Bloomberg. Arnault has a net worth of $70.7 billion and has also become the richest person in Europe. This comes after shares of his company Christian Dior rose to a record high on Thursday.