




Bernard Arnault, the chief executive of luxury brand Louis Vuitton's parent company LVMH (LVMH.PA), and his family briefly took the title as the world's richest, but were back at No. 2 with a personal wealth of $185.3 billion, according to Forbes.
The "ultra-polluting" lifestyles of billionaires are increasingly gaining scrutiny amid the climate crisis.
In 2017, L Catterton Asia had invested in Impresario, which backs popular f&b labels Social and Smoke House Deli.
Thanks to the unpredictable currents of the financial world, Bernard Arnault of LVMH has overtaken Jeff Bezos as the world’s richest person. Here are some of his business mantras.
In January 2021, LVMH acquired America's largest jewellery maker Tiffany & Co. for $15.8 million, making the largest luxury fashion business deal.
The other four “centibillionaires” are usual suspects Bill Gates, Elon Musk, Jeff Bezos and Mark Zuckerberg
India’s richest person has surged past some of the biggest tycoons in recent weeks including the Silicon Valley titans such as Elon Musk, Alphabet Inc. co-founders Sergey Brin and Larry Page, as well as Warren Buffett.
He marked his foray into the luxury market in 1984 when he acquired the French textile company that owned fashion house Christian Dior.
Fashion empire Louis Vuitton head Bernard Arnault had the largest individual gain of $39 billion, which catapulted him to the second spot
France's market regulator will seek the maximum possible fine against luxury giant LVMH for failing to disclose it was preparing to build a stake in rival Hermes initially revealed in 2010.
Mexican tycoon Carlos Slim is the richest person in the world for the second year in a row, Forbes said on Wednesday.