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Fortune

Prarthana Prakash

Europe's wealthiest billionaire Bernard Arnault hopes to use his ‘modest means’ to convince the EU to negotiate better with the U.S.

Bernard Arnault European Union LVMH Europe United States Donald Trump

LVMH CEO Bernard Arnault. (Credit: Chesnot—Getty Images)

Bernard Arnault, LVMH’s CEO and Europe’s richest man with a fortune of $156 billion, wants to negotiate a better tariff deal for Europe and America.

The luxury conglomerate chief believes conversations on trade matters between the EU and U.S. are “not going well” at the moment, he told French senators during a parliamentary hearing on Wednesday.

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