Bernard Arnault

11 Stories

The World's Richest Had a Very Good Post-Election Day

Elon Musk, Jeff Bezos, Larry Ellison saw windfalls in the billions after Trump was elected

(Newser) - Wednesday was a very good day for Donald Trump, who learned in its wee hours that he had secured himself a second term in the White House, but it was also a happy day for planet Earth's richest dudes as the stock market surged . Quartz takes a look around...

After Billionaire Buys da Vinci's Vineyard, It's Off Limits

Site in Milan where painter once lived hasn't offered tours since Bernard Arnault bought it

(Newser) - Typically, CNN Travel stories feature places you can visit. This one laments a historic locale in Italy that is now off limits to the public, with no clear sign of when, or if, that might change. The place in question: the remains of a vineyard once owned by none other...

Reward for the Super Rich: $14M a Day

That's how much the billionaires on Bloomberg's richest list made in the first half of the year

(Newser) - The stock market had a strong first half of the year, with the benchmark S&P rising 16% and the tech-heavy Nasdaq up an even stronger 39%. All of which translates into some hard-to-fathom profits for the richest of the rich. According to Bloomberg , the 500 people on its Billionaires...

Musk Is No Longer the World's Richest Man

His net worth has fallen more than $120B this year

(Newser) - When Elon Musk announced his intention to buy Twitter in April, he said it wasn't about making money—and the acquisition definitely hasn't made him richer. After a steep decline in the value of Tesla stock, which accounts for most of his wealth, Musk is no longer the...

Sick of Twitter Stalking, World's 2nd-Richest Man Dumps Private Jet

Bernard Arnault was tired of being tracked by Twitter accounts

(Newser) - File under "Problems of the 1%": LVMH chief executive Bernard Arnault, one of the world's richest men, is now renting private jets instead of using a company jet because he is fed up with having his movements tracked by Twitter accounts. "The group had a plane and...

This Man Pushed Bezos Down One Spot in Richest Rankings

Bloomberg ranks Gautam Adani as world's 2nd richest

(Newser) - Update: And then he was second. NPR reports that Gautam Adani of India has grabbed the No. 2 slot on the world's richest list from Jeff Bezos. It cites Bloomberg's Billionaires Index, which this week listed both Adani and Bezos as having a net worth of $147 billion;...

Meet the 10 Richest People in the World

You know many of them already, including Elon Musk at No. 1, per 'Forbes' annual billionaires ranking

(Newser) - If Forbes is trying to make us feel bad for the world's billionaires, it's not really working. The magazine notes that, collectively, this group is now worth $400 billion less than they were a year ago, thanks to the ongoing pandemic, tepid markets, and war—but 1,000...

Bill Gates No Longer Planet's 2nd Richest

Bernard Arnault jumps over him

(Newser) - In the seven years that Bloomberg has been putting out its Billionaires Index, Bill Gates has always ranked in the top 2. No more. On Tuesday, Bernard Arnault leaped over him and into the No. 2 spot, with a net worth of $107.6 billion, a slim $200 million over...

Backlash Begins Over Notre Dame Donations

Critics cite white privilege, and a billionaire donor responds

(Newser) - The $1 billion raised to rebuild Notre Dame Cathedral is now receiving a dose of controversy. The Washington Post is among several outlets reporting that criticism is mounting in regard to income inequality about the large donations that came from billionaires like Francois-Henri Pinault and Bernard Arnault. While most want...

Trump Still a Multi-Billionaire, but His Ranking Tumbles

He falls to No. 766 in newest ranking by 'Forbes'

(Newser) - President Trump probably won't be happy to see Forbes ' 2018 ranking of the world's richest people—he has fallen from No. 544 to No. 766. The list pegs Trump's fortune at $3.1 billion, $400 million less than in 2017. Forbes notes that New York City'...

French Slam Fleeing Richest Guy as 'Traitor'

'Ingrate' billionaire announces move to Belgium in wake of 75% tax

(Newser) - France's richest man has infuriated his countrymen by announcing a move to Belgium ahead of the Socialist government's planned 75% tax on the country's wealthiest citizens . Louis Vuitton CEO Bernauld Arnault denies he is seeking Belgian citizenship for tax reasons, but he has been denounced from all...

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