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Billionaire Bernard Arnault Loses $31,900,000,000 in One Year As Stock Prices Crumble: Report

French Billionaire Bernard Arnault’s net worth shrunk by over $53 billion in 2024 after a major correction in his stock portfolio. Arnault is the chairman and 48% owner of LVMH Moet Hennessy Louis Vuitton, the world’s largest manufacturer of luxury goods, which produces products like TAG Heuer watches and Dom Perignon champagne. According to Bloomberg’s Billionaire Index , Arnault’s net worth dropped from $231 billion to $178 billion between April and the end of 2024 – a $53 billion drop. The dip in Arnault’s net worth coincided with a nearly 40% shakeout in LVMH shares. Source: Bloomberg When zooming out, Arnault’s net worth has gone up exponentially in the last decade, and despite a rough 2024, he is still the sixth richest person in the world, behind Elon Musk, Jeff Bezos, Mark Zuckerberg, Larry Ellison, and Larry Page. In its recent Private’s Family Office Insight Series, Deloitte projects ultra-rich families who manage their wealth through private offices will grow their fortunes from $5.5 trillion today to $9.5 trillion in 2030. Dr. Rebecca Gooch, Deloitte Private’s global head of insights, says the mega-wealthy are growing their fortunes at a blistering pace. “Off the back of gains in their operating businesses and wider investments, the world’s most affluent families have been accumulating wealth at a meteoric pace – and we expect this trend to continue.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Billionaire Bernard Arnault Loses $31,900,000,000 in One Year As Stock Prices Crumble: Report appeared first on The Daily Hodl . CoinOtag

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Expert Says This XRP Next Leg Is About to Make People Question Their Reality

The XRP community is brimming with optimism as prominent voices predict a bullish surge for the digital asset. A recent tweet by crypto enthusiast Polly has fueled discussions. Polly stated , “This next leg for $XRP is about to make people question their reality and melt many faces.” This next leg for $XRP is about to make people question their reality and melt many faces pic.twitter.com/GarscaqREt — Polly (@0xsushi) January 3, 2025 This bold statement resonated with the XRP community, particularly long-term holders who have exhibited unwavering patience during volatile market cycles. A notable response came from Jator, who commented , “No doubt, brother! This is the moment $XRP holders have been waiting for. 7 years of diamond hands and unwavering faith are about to pay off big time. And let’s not forget, the $ARMY is right here alongside, ready to conquer new heights together.” His mention of $ARMY, a meme coin on the XRP Ledger, highlights the growing ecosystem surrounding XRP, which continues to attract attention and innovation. Technical Analysis Suggests a Promising Price Target Adding weight to the community’s optimism, renowned crypto analyst TonytheBull recently shared a technical analysis predicting a potential price breakout for XRP. According to his study, the formation of a bull flag—a classic pattern indicating upward momentum—could propel XRP’s price to $13 if confirmed under favorable market conditions. While he acknowledged the ambitious nature of this target, TonytheBull emphasized that it remains achievable within the right macroeconomic and market environment. Such predictions have sparked enthusiasm among investors, particularly those who believe XRP’s price has long been undervalued. The possible $13 target represents a substantial increase from current levels and could signify a pivotal moment in XRP’s market trajectory. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Ripple CEO Highlights Real-World Utility as a Key Driver The optimism is not limited to community speculation and technical analysis. Ripple CEO Brad Garlinghouse recently reinforced confidence in XRP’s future in a message to the community . In a post on X (formerly Twitter), he stated, “Momentum and increased focus on real-world utility continues to build.” His remarks emphasize Ripple’s commitment to expanding XRP’s adoption in practical use cases, particularly in cross-border payments and decentralized finance. The XRP Ledger itself continues to thrive, with projects like $ARMY showcasing its versatility and appeal to developers. These developments point to a growing ecosystem that could further enhance XRP’s value proposition as a utility-focused digital asset. As 2025 begins, XRP remains a focal point in the cryptocurrency market. Community optimism, technical insights, and Ripple’s strategic initiatives suggest that XRP could be positioned for a significant breakout. However, investors are encouraged to remain cautious, given the inherent volatility of the cryptocurrency market. For the XRP community, the current momentum represents not just price potential but also the validation of years of belief in the asset’s long-term promise. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Expert Says This XRP Next Leg Is About to Make People Question Their Reality appeared first on Times Tabloid . CoinOtag