Bernard Arnault CEO of LVMH  has witnessed a major fluctuation in his wealth in recent weeks.   A few days back he lost billions and then recovered it too. The sway is being observed in his wealth after each change is triggered by a hint regarding Chinas economic rebound. The LVMH CEO found himself in fifth place on the worlds list of the richest people. However he quickly recovered and climbed to fourth and then third place in Bloomberg Billionaires Index. But this week China’s recovery plan got splendid response and the LVMH CEO lost $13 billion in wealth.  China had already announced a recovery plan late last month with a few major steps that include financial help for the countrys stock market and property sector.  LVMH’s shares witnessed a massive plunge of 7 % and soon the value of Arnault’s wealth saw a major dip of $13 billion as per business insider.  The drop was not only noted in the luxury sector but commodities stock also saw a plunge. The market experts were of the view that investors were not certain how China’s recovery plan would react further on its economy.  It is observed that China is a critical market for the luxury brands. Above all Chinese people often buy luxury products from overseas when they visit different countries.