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The Latest Breaking News from Bernard Arnault

Elon Musk loses title of world’s richest person to Bernard Arnault

Loss of top spot to LVMH chief executive comes after Tesla shares more than halve in value

The Guardian - UK

Elon Musk knocked off top of Forbes rich list by Louis Vuitton boss Bernard Arnault

Twitter owner and Tesla boss Elon Musk is knocked off the top of the Forbes billionaire list after dropping billions from his net worth, according to Forbes.

ABC News

Elon Musk is no longer the world’s richest man—and the amount he’s lost this year is enough to land 4th place on the list

Investors have taken a tentative approach to Tesla in the wake of Musk’s $44 billion acquisition of social media platform Twitter.

Fortune

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Elon Musk could lose world’s richest person title as Tesla value almost halves

Founder’s net worth down about $70bn after fall in electric car maker’s share price since he bid for Twitter

The Guardian - UK

Elon Musk Briefly Loses Title as World’s Richest Person to LVMH's Arnault

Twitter owner and Tesla boss Elon Musk briefly lost his title as the world's richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the chief executive…

Asharq Al-Awsat

Meet the ultrawealthy children of the world's richest man Bernard Arnault, vying to take over his LVMH empire in a real-life 'Succession' plot

LVMH chief Bernard Arnault briefly unseated Elon Musk as the world's richest man at $184.7 billion. Meet his kids, who run Tag HEUER, design Louis Vuitton watches, and more.

Fortune

Bernard Arnault poised to oust Elon Musk as world's richest person

Bernard Arnault, CEO of Louis Vuitton's parent company, moves within stealing distance after a turbulent 2022.

Fortune

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Biden’s state dinner for Macron includes notable VIP guests

WASHINGTON — Apple Chief Executive Officer Tim Cook, Bank of America CEO Brian Moynihan, KKR and Co. co-founder Henry Kravis and film producer Jeffrey Katzenberg were among the guests Thursday at President Joe Biden’s first state dinner honoring French President Emmanuel Macron.

Tribune News Service

World's 2nd Richest Person Sells Private Jet, Fed Up With People Tracking It On Twitter: 'No One Can See Where I Go'

Luxury-goods company LVMH Moet Hennessy Louis Vuitton's (OTC:LVMUY) Bernard Arnault sold his private jet to stop Twitter accounts from tracking his travels.

Benzinga

Stella McCartney’s Paris show aims to set trend for subtle sustainability

Fashion designs featuring regenerative ‘shirt to dirt’ cotton and leather alternatives hit catwalk outside Pompidou Centre

The Guardian - UK

Gautam Adani briefly listed as world's second-richest person

Bernard Arnault and Mr. Adani traded the number two position during the day as the share prices of their companies fluctuated.

The Hindu

Indian tycoon Gautam Adani named world’s third richest person

Billionaire becomes first Asian person to break into the top three of world’s wealthy

The Guardian - UK

Gautam Adani overtakes Bernard Arnault to become world's 3rd richest person

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index. Full story on Dynamite News:

Dynamite News

France seeks to clamp down on 'ecocidal' private jets as climate crisis worsens

Politicians in France are discussing regulating or even banning the use of private jets as heatwaves and soaring energy prices focus attention on the urgency of tackling climate change. But some industry professionals say private jets are being unfairly targeted.

Radio France Internationale

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Evening Standard

Who are the top five richest people in the world? Trump win boosts Elon Musk's fortune

The X owner has seen his shares and bank balance rocket after Donald Trump’s victory in the election

The Guardian - UK

Uber offered shares to media barons for political help, leak reveals

Tech firm wooed owners of publications in Europe and India as it sought favourable treatment from governments, documents show

Input

Tag Heuer’s smartwatches let you flaunt your NFTs on your wrist

In case you wanted to terrorize people offline, too.

The Guardian - UK

Cultural relevance essential to business today, says Tiffany boss

Exhibition at Saatchi Gallery shows how important popular culture is to the jewellery brand

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Bangkok Post

Top 50 Richest People Have Lost More Than Half a Trillion Dollars This Year

The top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&P 500.

Evening Standard

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

Benzinga

5 People Richer Than Warren Buffett (For Now)

Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK-A) (NYSE: BRK-B) since 1970, has grown the firm to a market worth of $730 billion while ballooning his own net worth to a level that has anointed him the role of t

Radio France Internationale

Luxury goods market on a high, despite conflict, pandemic

Global luxury brands have posted strong results for the first quarter of this year despite global hardships including the conflict in Ukraine, inflation and Covid restrictions in Asia. This comes on the back of an exceptional year in 2021.

Bangkok Post

Gautam Adani Joins the Elite $100 Billion Club

The world has a new centibillionaire.

Asharq Al-Awsat

Louis Vuitton to Ramp up Production in France with 2 New Sites

Louis Vuitton, the world's largest luxury label and part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up production in France, with two new sites scheduled to open before the end of the year, LVMH boss Bernard Arnault said on Tuesday. "We are at the end - I hope…

Daily Mirror

World's biggest billionaire climate scroungers speeding up global heating

Some of the world's richest people are emitting many thousands of times more carbon dioxide into the atmosphere than the average person, meaning their contribution to global heating is as outsized as their wallets

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