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Doloresz Katanich

'Deadly for our economy': French billionaire Bernard Arnault slams wealth tax

Bernard Arnault Gabriel Zucman Economy France Fabien Roussel Sébastien Lecornu Thomas Piketty the Green Party

The CEO of luxury group LVMH, Bernard Arnault, said that a proposed 2% levy on France's wealthiest citizens — those with assets worth more than €100 million — is “an offensive that is deadly for our economy”. The multi-billionaire made the comments to the Sunday Times.

Bernard Arnault, once the world's richest person, has a fortune estimated to be worth $157.1bn (€133.5bn), according to Forbes.

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