A strong quarter from Richemont lifted luxury stocks, including LVMH. LVMH and Richemont have both struggled in China. The report bodes well for LVMH's upcoming results. As of 1:07 p.m. ET ...

Bernard Arnault, the CEO of LVMH (MC) who holds the fourth-place spot ... behind Bezos, Oracle (ORCL) founder Larry Ellison, who shot to the second-place spot in that ranking with a net worth ...