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The Latest Breaking News from Bernard Arnault

LVMH's Bernard Arnault has quietly invested in AI startups via his family office

The AI startups raised $300 million in funding rounds this year, a part of which came from Arnault-backed tech VC Aglaé.

There are only 15 people whose wealth is greater than $100 billion (and some would be richer if they weren't giving it away)

There are only 15 people whose wealth is greater than $100 billion (and some would be richer if they weren't giving it away)

LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

The World's 10 Richest Men Just Lost $45 Billion. This Tech Founder Is The Biggest Loser.

The World's 10 Richest Men Just Lost $45 Billion. This Tech Founder Is The Biggest Loser.

The world's biggest billionaires had a rough Friday, led by Amazon founder Jeff Bezos. But most have had a great 2024.

Investors Business Daily

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Musk Warns Against Nepotism: 'Kids Make You Happy But Don't Automatically Pass Your Business To Them'

Elon Musk advocates for a meritocratic approach to corporate succession, opposing the automatic passing of businesses or shares to children without considering their qualifications.

International Business Times UK

LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases

“Continued economic and geopolitical uncertainties are still impacting certain businesses, notably wine and spirits,” LVMH CFO Jean-Jacques Guiony said.

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

These may be the most luxurious Olympics ever

The Independent UK

Richemont: Luxury Group In Sights Of LVMH'S Arnault?

The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses.

International Business Times

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David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

Blackpink Lisa's Boyfriend: Who Is Frédéric Arnault And What Is His Net Worth?

Blackpink Lisa's Boyfriend: Who Is Frédéric Arnault And What Is His Net Worth?

Although not confirmed, Frederic and Lisa's 'relationship' has been subject to speculations considering the couple's connection to luxury brands

International Business Times UK

LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-plus-hour days, even at 75

LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-plus-hour days, even at 75

The luxury magnate spends his mornings listening to classical music and his free time playing tennis with Roger Federer.

LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80

LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80

The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault doesn't plan to retire just yet.

Europe’s richest man Bernard Arnault just bought a quirky 3-star Parisian bistro that makes $100 roast chicken

Europe’s richest man Bernard Arnault just bought a quirky 3-star Parisian bistro that makes $100 roast chicken

The Parisian bistro may be more low key than LVMH's other businesses, but it has hosted many A-listers visiting the French capital.

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

The provost of Bernard Arnault and Mistral founder Arthur Mensch's college wants students to be well-rounded.

Family Affair: Two More Arnault Sons Join LVMH Board

Family Affair: Two More Arnault Sons Join LVMH Board

Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.

International Business Times

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The Guardian - UK

Six tips for budding centibillionaires (No 1: come from a very wealthy family)

The world’s richest people started near the top. Where does that leave the rest of us, asks Caroline Knowles, author of Serious Money: Walking Plutocratic London

International Business Times UK

French Businessman Beats Bezos and Musk As World's Richest Billionaire

LVMH founder, Bernard Arnault, is currently the world's richest person with a net worth of $228 billion, after his company generated $94 billion in revenue.

The Guardian - UK

All billionaires under 30 have inherited their wealth, research finds

Fifteen young billionaires are among the first wave of a $5.2tn transfer of wealth by the ageing super-rich

Taylor Swift Joins Forbes World's Billionaire List With Taylor Swift Joins Forbes World's Billionaire List With Top News.1Billion Fortune.1Billion Fortune

Taylor Swift joins Forbes Billionaire List with Taylor Swift Joins Forbes World's Billionaire List With Top News.1Billion Fortune.1 billion fortune. Bernard Arnault leads 2,781 billionaires. Tech giants and newcomers feature prominently.

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Steve Jobs asked the CEO of Louis Vuitton for advice when designing the retail experience at the very first Apple Store

Steve Jobs asked advice from Louis Vuitton's CEO before opening the first-ever Apple Store.

Frank Gehry’s Louis Vuitton handbags see fashion meet architecture

Frank Gehry and Louis Vuitton’s limited-edition sculptural bags tell a tale of sharp design and precise craftsmanship. Here, the architect tells the story behind the project

International Business Times

Paris Olympics Set For Gold Medal In Luxury Promotion

From the podium to athletes' wardrobes, French luxury goods giant LVMH is planning to put high-end Gallic chic at the heart of the Paris Olympics, underlining how sport has become a promotional platform for even the most exclusive brands.

International Business Times

LVMH Posts Record Sales And Profit In 2023

The world's largest luxury goods group LVMH announced record results Thursday, even as growth slowed towards the end of last year and sales of spirits shrank.

Evening Standard

Elon Musk loses $11bn from his fortune as Tesla shares tumble after profits fall

But he still remains the richest person in the world with a net worth believed to be above $200 billion

Oxfam Predicts Trillionaire Within Decade Amidst Growing Global Inequalities

Oxfam warns that the world could have its first trillionaire within a decade, highlighting growing inequalities exacerbated by the pandemic.

The Conversation

As the billionaires gather at Davos, it's worth examining what's become of their dreams

Gathering for their annual World Economic Forum at Davos in Switzerland this week, the world’s business and political elite will be digesting some unpleasant reading courtesy of the aid agency Oxfam International.

People

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Bernard Arnault

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