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The Latest Breaking News from Bernard Arnault

Elon Musk May Soon Reclaim Title of World's Richest Person

Separating the Tesla CEO and first place in the wealth standings is just $3 billion.

The Street

The Richest Man in the World Takes on Elon Musk

Bernard Arnault, the CEO of luxury giant LVMH, has just invested in the luxury car manufacturer Lotus, which is betting on EVs.

The Street

A battle may be shaping up between the two richest men in the world over who controls the luxury electric car market

The English sports car brand Lotus plans to float its shares on the Nasdaq stock market in the latter half of this year through a reverse merger with a SPAC firm backed by Bernard Arnault.

Fortune

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Elon Musk and Jeff Bezos Praise HBO's 'The Last of Us'

The two billionaires have just sung the praises of the new hit TV series, which is an adaptation of a videogame.

The Street

Chinese owner of Lotus Technology to list a stake in US via blank cheque firm

EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault

The Guardian - UK

Luxury giant LVMH sales, profit hit new highs

Paris (AFP) - The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan.

AFP

French luxury group LVMH posts record sales, net profit for 2022

Paris (AFP) - The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe and the United States.

AFP

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Flying shame: the scandalous rise of private jets

Last week, Rishi Sunak flew from London to Blackpool – his third private jet trip in 10 days. He’s far from the only one using air travel for short journeys. Just how much damage is this doing?

The Guardian - UK

Billionaire Adani Hit by Short-Seller's Fraud Allegations

The Indian executive's company faces a critical report from a firm famed for betting that stock prices will drop. His company shot right back.

The Street

Elon Musk Comes to the Rescue of Struggling President

The everything CEO meddles in geopolitical affairs and does not hesitate to comment on events unfolding in other countries.

The Street

This Chinese billionaire has lost $39 billion from his personal fortune

The real estate mogul has also been removed from high profile political networks.

Fortune

Battle for succession in house of Dior: siblings jostle to seize family crown

The world’s richest man, Bernard Arnault, is choosing which of his children will lead his $418bn conglomorate. Cue gold-plated intrigue and drama …

The Guardian - UK

Why LVMH's Bernard Arnault making his daughter Dior CEO could have drawbacks

Hiring your kids comes with massive pros and cons experts have warned — and even then they may need to work twice as hard to prove themselves to staff.

Fortune

Billionaire owner of LVMH appoints daughter to run Dior

Arnault, 73, overtook Tesla founder Elon Musk as the world’s richest man last year

The Independent UK

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AFP

Tycoon Arnault names daughter Delphine as Dior chief

Paris (AFP) - French billionaire Bernard Arnault announced Wednesday that his daughter Delphine would head his LVMH luxury empire's Dior fashion house in a leadership shuffle also featuring a new CEO at flagship brand Louis Vuitton.

Evening Standard

World’s richest man Bernard Arnault picks daughter Delphine to run Dior

All five of Arnault’s children are involved in the management of his luxury fashion empire at senior levels

Fortune

Elon Musk's net worth drop breaks world record as biggest in history

The Tesla and Twitter CEO has also lost the title of world's richest person, which has been handed to LVMH founder Bernard Arnault.

AFP

LVMH shakes up leadership at Louis Vuitton, Dior

Paris (AFP) - French luxury group LVMH announced a leadership shuffle on Wednesday, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture.

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Asharq Al-Awsat

LVMH Names New Louis Vuitton CEO, Puts Arnault Daughter in Charge of Dior

LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family's grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is…

Bangkok Post

Leadership shake-up at Dior, Louis Vuitton

PARIS: The French luxury group LVMH announced a leadership shuffle on Wednesday, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture.

AFP

LVMH shakes up leadership at Dior, Louis Vuitton

The Street

World's Richest Person Owns More Companies Than You Might Think

After Elon Musk lost so much net worth, the lord of luxury assumed the throne of world's richest billionaire.

The Guardian - UK

Prosecutors call for France’s former spy chief to stand trial

Bernard Squarcini and 10 others await magistrates’ decision on hearing charges including influence peddling and forgery

Radio France Internationale

Investigators call for French former spy chief to face trial on fraud charges

Following ten years of criminal investigation, French legal officials have called for the trial of Bernard Squarcini, former head of the French internal security agency, and 10 others, on charges of abuse of office, fraud and complicity in breaches of professional and judicial secrecy.

Daily Mirror

Elon Musk makes history by becoming the first person in the world to lose $200billion

Tesla owner and Twitter boss Elon Musk has now lost his spot as the world's richest man to French businessman Bernard Arnault

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