LVMH shares jumped to a record as Chinese shoppers splashed out on luxury handbags and jewelry, helping sales to top estimates. Demand grew in every region in the first three months as shoppers snapped up luxury items, from Christian Dior handbags to Tiffany rings. LVMH's multibillionaire founder, Bernard Arnault, saw his fortune cross the symbolic $200 billion threshold last week. On Thursday, it stood at $198 billion, according to the Bloomberg Billionaires Index, making Arnault the world's wealthiest person. Caroline Connan reports on Bloomberg Television.
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