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EXPLAINED: 7 | Vintage Vibes

World’s richest person sees $11 billion in wealth wiped out

A share price bloodbath massively impacted Bernard Arnault's wallet - but he's still the wealthiest person on the planet.

Fortune

Why quiet luxury in India is not quiet

Subdued old-money aesthetic is being discussed as America’s biggest fashion trend, but in the subcontinent things are a little different

The Hindu

Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise?

When the world's richest person sits down for monthly lunches in Paris with his five children, he's searching for his successor. Welcome to the house of Arnault.

ABC News

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The Richest People in the World as 2024 Ends

Where the richest people in the world ended 2024, including Larry Ellison, Elon Musk and Warren Buffett.

Kiplinger

Armed robbers steal millions of pounds worth of jewellery in raid on Bulgari store

The latest raid saw three men arrive at the boutique in Place Vendome in broad daylight on Saturday afternoon, as dozens of tourists and other passers-by looked on

Daily Mirror

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

Financial Times

LVMH becomes first European company to reach $500bn valuation

Shares in group, which owns Louis Vuitton, Christian Dior and Tiffany, are up 30% this year

The Guardian - UK

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Elon Musk Could Learn a Thing or Two From Bernard Arnault

Luxury conglomerate LVMH reported Q1 2023 results on April 12. You would hardly know from its results that there was a possible recession around the corner. Iconic companies tend to be like that.

Barchart

Asian rebound helps push LVMH first quarter revenue beyond €20 billion

The world’s richest man Bernard Arnault is set to benefit from the jump in sales

Evening Standard

Here’s What You Could Buy With Elon Musk’s Fortune

Elon Musk is the second-richest person in the world as of Sunday, with a net worth of $171 billion compared to Bernard Arnault

Zenger

Elon Musk net worth: Is he still the richest person in the world?

Has X's owner regained top spot after being ousted by French fashion mogul Bernard Arnault in the exclusive Forbes’ list?

Evening Standard

Fortune of world’s richest person Bernard Arnault tops $200bn

LVMH chair becomes only third person – after Elon Musk and Jeff Bezos – to ever amass such wealth

The Guardian - UK

The world's richest man just got richer. LVMH boss Bernard Arnault’s wealth has topped $200 billion for the first time

The French billionaire’s fortune has soared this year.

Fortune

Elon Musk ‘tweets himself out of top spot’ as world’s richest billionaire

Tech mogul now second-richest billionaire after $39bn of his net worth knocked off in a year

The Independent UK

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Reuters

China's super rich population drops as tech crackdown, global factors hurt wealth

More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing's crackdown on major tech companies hurt the super wealthy, a ranking of the world's wealthiest showed.

Fortune

48 hours after he was crowned the world's richest person, Elon Musk loses top spot—again

LVMH founder Bernard Arnault is once again the wealthiest person on the planet.

Fortune

Move over Bernard Arnault, Musk is officially the richest person on Earth...again

Tesla's share price shot up by nearly 100% as of the close of play on February 27 when compared to its low in early January.

The Independent UK

Elon Musk loses rank as world’s richest person two days after reclaiming it from LVMH’s Bernard Arnault

Billionaire lost title last year as Tesla shares dipped

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The Times of India

Elon Musk nears world’s richest title again

WASHINGTON: Elon Musk is closing in on recapturing his title as the world’s richest person since falling behind Bernard Arnault in December, thanks to Tesla Inc.’s 70% rise this year.

Fortune

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.

The Guardian - UK

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

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?

Fortune

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

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

The Guardian - UK

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 Times of India

Meet Pietro Beccari: The new CEO of Louis Vuitton

French luxury house, Louis Vuitton Malletier, also known as Louis Vuitton is witnessing a management change. The chairman of the company, Bernard Arnault has reshuffled top management. Now, Pietro Beccari, who has been the head of Dior since 2018, will replace long-time Louis Vuitton CEO Michael Burke and Bernard has…

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