He’s someone Trump really looks up to and wants to make happy,” a source said of LVMH CEO Bernard Arnault, the wealthiest man in France.
Jean Arnault, director of Louis Vuitton’s watch division, has to contend with a tough luxury market and stubborn young consumers.
LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.
For his latest Vuitton collection, Pharrell Williams tapped his best bud Nigo to be co-creative director. And Bernard Arnault made it back from the Trump inauguration to see it.
The LVMH Moët Hennessy Louis Vuitton titan had prime seating near former Presidents Bill Clinton, George Bush and Barack Obama.
Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.
The European corporate fashion business is known to be worried about the possible impact of a trade war between the U.S. and Europe under Trump.
From the color of their neckties to the fit of their suits, male politicians can be intentional with their choices.
LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.
"I didn't want to get out of my seat because I didn't want to lose it," said one guest at President Trump's pre-inauguration Candlelight Dinner.
TikTok's ban could be a big win for its tech rivals. Here are the companies that have the most to gain.
Billionaires like Elon Musk and Jeff Bezos owe their success to prestigious universities, shaping their paths through innovation and education.