World's richest man Bernard Arnault's company LVMH's market value surpassed $500 billion, becoming the first European company to reach this milestone. This comes less than two weeks after LVMH joined the ranks of the world's 10 biggest companies. The demand for LVMH products like Louis Vuitton handbags, Moët & Chandon champagne and Dior gowns has held up despite surging inflation.