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International Business Times
International Business Times
Business
Aurelie Carabin

France's Richest Man Takes Control Of Paris Match Magazine

Bernard Arnault is France's richest man (Credit: AFP)

Paris Match, a glossy French weekly known for its celebrity exclusives on Tuesday became part of the media empire of France's richest man Bernard Arnault, after a stint under right-wing tycoon Vincent Bollore's ownership.

The LVMH luxury conglomerate headed by Arnault, who regularly vies with the likes of Elon Musk for the title of the world's richest man, acquired the magazine in a deal worth 120 million euros ($133 million) first announced in February.

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