Bernard Arnault

A startup backed by the world's second richest person, Bernard Arnault, can detect if that Louis Vuitton bag you have your eyes on is fake or real. What Happened: Entrupy, backed by LVMH Moet Hennessy Louis Vuitton SE (OTCPK: LVMHF), claims that it can detect whether that pre-owned luxury bag you'...

The rich have gotten richer in 2023 and Elon Musk is once again the richest person in the world after briefly being passed in 2022 and a portion of 2023. Here's a look at how much the top ten billionaires are currently worth and how their wealth has increased in 2023. What Happened: Elon Musk was...

The stock market saw a decline in 2022 with the S&P 500, which is tracked by the SPDR S&P 500 ETF Trust (NYSE: SPY), falling 19.2%. This decline marked the worst performance for the S&P 500 since 2008 and sent the wealth of the richest people in the world down. With stocks...

Amazon.com, Inc.‘s (NASDAQ:AMZN) second-quarter earnings report has driven Jeff Bezos’ fortune by $11 billion, solidifying his status as one of the world’s richest people.  What Happened: The e-commerce behemoth’s earnings report, released after the closing bell on...

Tesla, Inc. (NASDAQ:TSLA) shares slumped nearly 10% Thursday following the electric vehicle pioneer's earnings. What Happened: The Tesla stock plunge wiped off roughly $90 billion off the company's market capitalization. The negative reaction was despite the second-quarter top- and bottom-line...

After posting its worse stock performance since going public in 2010, shares of Tesla Inc (NASDAQ: TSLA) have rebounded in 2023. Here’s a look at the impact of the Tesla stock surge in 2023 and the impact it has on the wealth of its CEO Elon Musk. What Happened: So far this year, Musk added...

The French stock market, as represented by the CAC 40 index, has risen for five days this week, gaining 3.3% and marking the best weekly performance since the end of March. This occurred despite the fact that nationwide protests have erupted in recent days, with images of burning streets and police...

The world's two richest individuals, Louis Vuitton's Bernard Arnault and Tesla Inc CEO Elon Musk, lunched together on Friday in Paris. Two of the world's richest individuals, Louis Vuitton‘s (OTC:LVMUY) Bernard Arnault and Tesla...

Nvidia Corp.'s (NASDAQ:NVDA) CEO Jensen Huang is rumored to be visiting China on Tuesday for the first time in four years. Incidentally, a slew of corporate head honchos have been heading to the country. What Happened: China has held out a lot of promise for U.S. companies, given its status as a...

One of the most well-known figures in the world and the most followed person on Twitter has regained the title of world’s richest person. Here’s a look at how the wealth of Elon Musk breaks down and compares to second place.  What Happened: Musk lost the title of the world’s...

Bernard Arnault, CEO and chairman of LVMH Moet Hennessy Louis Vuitton (OTCPK: LVMHF), has decided to scrap his plans to build a luxury hotel in Beverly Hills.  Beverly Hills residents voted against the project, Bloomberg reported on Friday. Although some votes still need to be...

The CEO and co-founder of one of the largest technology companies in the world is likely smiling, with shares continuing their strong year-to-date gains and his wealth soaring following a rough 2022. What Happened: A strong first-quarter earnings report from Meta Platforms (NASDAQ: META)...

Bernard Arnault, the 74-year-old CEO of LVMH Moët Hennessy Louis Vuitton, is the world's richest man with an estimated net worth of over $200 billion. While the majority of his wealth comes from his luxury goods empire, Arnault has also established himself as a prominent investor, backing...

The surge in value of one luxury goods company has catapulted its CEO further up the world’s richest list. Here’s a look at just how much Bernard Arnault is worth now. What Happened: A legend in the fashion and luxury goods space, Bernard Arnault is the CEO and chairman of LVMH...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer the world’s richest person. He’s been once again pipped by Bernard Arnault, the CEO of LVMH Moet Hennessy Louis Vuitton SA (OTC: LVMUY). What Happened: Musk’s worth at the time of writing was $176 billion, while Arnault, who...