Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Bernard Arnault"


25 mentions found


Jeff Bezos has reclaimed the title of the world's richest person from luxury tycoon Bernard Arnault. Bezos, Amazon's cofounder, now leads Bloomberg's Billionaires Index with a $209 billion net worth. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementJeff Bezos has reclaimed the top spot as the world's richest person once again. According to Bloomberg's Billionaires Index, the Amazon cofounder has dethroned Bernard Arnault and now ranks first among the world's 500 richest billionaires.
Persons: Jeff Bezos, Bernard Arnault, Elon Musk, Organizations: Service, Amazon, Business
Starbucks didn't sell its own coffee early on"When Starbucks opened in Pike Place Market in 1971, they were using Peet's Coffee. Howard Shultz is going to acquire Starbucks Coffee Company, and he's never going to hear from you again." Together the trio made the "huge decision" to sell Starbucks coffee in Costco, which sparked a "revolt inside the halls of Starbucks," Schultz said. Related storiesThe former Starbucks CEO faced similar blowback when he agreed to let United Airlines serve his company's coffee. "We're not a beverage company serving coffee, we are a coffee company serving people.
Persons: , Howard Schultz, Schultz, Bill Gates, Steve Jobs, Costco's, Bernard Arnault, Lavazza, I've, Samuel Stroum, it's, Howard Shultz, he's, Brian Ach, latte, Jeff Brotman, Jim Sinegal, they've, Coke, Pepsi, Steve, Justin Sullivan, Blackstone, Alexandre, Louis Vuitton, Alexandre Arnault, Donato Sardella, Louis Organizations: Service, Starbucks, Business, Pepsi, Microsoft, Starbucks Coffee Company, Costco, United Airlines, Starbucks Facebook, Staff, Getty, Tiffany's, Louis Vuitton Locations: Coke, Pike, San Francisco, Seattle, Chicago, America, Costco, Atlanta, New York, Apple's, California, Mobile, Italy, Milan
When is a fashion show not just a fashion show? Indeed, the front-row stars are as much an attention-grabbing part of the shows as the shows themselves. In a world of fashion micro-trends, that may be the biggest trend of all. This was especially true this season, as the shows of the five big heritage French brands — Chanel, Louis Vuitton, Hermès, Dior and Balenciaga — served as de facto calling cards for the Paris Olympics, which is being touted as the most “fashion” Olympics ever. It is no coincidence that two of those brands, Louis Vuitton and Dior, are owned by LVMH, which is a top-line sponsor of the Olympics.
Persons: — Chanel, Louis Vuitton, Hermès, Dior, Balenciaga —, Bernard Arnault, Balenciaga Organizations: Paris Olympics, Dior, LVMH, Hermès Locations: China, France
Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The eldest daughter of the world's richest man, LVMH CEO Bernard Arnault, the 49-year-old Delphine is now a year into her role as CEO of Dior. Since 2000, her career has spanned multiple roles with LVMH, including CEO of Dior since 2023.
Persons: Delphine Arnault, LVMH, Bernard Arnault, Christian Dior, Louis Vuitton, , Delphine, Delphine Arnault's Organizations: McKinsey, TAG, Service, Dior Locations: Berluti
For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.
Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain
Elon Musk has gained $36 billion in net worth over the last week, per Bloomberg. Musk is reaping the benefits after Tesla shares surged following his successful trip to China. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementElon Musk is $36 billion richer following his recent trip to China. Three years later, he's now behind LVMH boss Bernard Arnault and Amazon founder Jeff Bezos, with a current estimated net worth of $202 billion.
Persons: Elon Musk, , Elon, Musk, Dan Ives, he's, Bernard Arnault, Jeff Bezos, Tesla Organizations: Bloomberg, Service, Tesla, SpaceX, Amazon Locations: China, China . China
Luxury powerhouse LVMH is investing billions in real estate, The Wall Street Journal reported. Michael Burke, head of LVMH Fashion Group, told the Journal, "We're creating a city." According to the Journal, the company spent $2.1 billion last year acquiring properties in Paris ahead of the Olympic games. Related storiesThe luxury brand is among several spending billions on luxury stores and experiences. Chanel and LVMH are also interested in purchasing properties on New York's Fifth Avenue and the Champs-Élysées in Paris, the Journal reported.
Persons: , Louis Vuitton Moët Hennessy, Louis Vuitton, Frank Gehry, Michael Burke, we're, Burke, Bernard Arnault, Saint Laurent, Chanel, LVMH, Amar Sitayeb, Saint, Alan DeSousa Organizations: Street Journal, Service, Wall Street Journal, Dior, LVMH, Design, Miami Design District, Gucci, Montenapoleone, The New York Times, Times, Canada, Laurent, Global News, Business Locations: Paris, Pont Neuf, Miami, Montreal, Milan's, New, The, Marais
Bernard Arnault has appointed two more of his children to LVMH's board. Alexandre Arnault is a vice president at Tiffany & Co. and Frédéric Arnault heads LVMH's watches division. AdvertisementThe French luxury-goods billionaire Bernard Arnault, who's the world's richest person, has appointed two more of his children to LVMH's board. Only Jean Arnault, Bernard Arnault's youngest son, doesn't sit on the company's board. Bernard Arnault is the world's richest person, with a net worth of about $221 billion, according to estimates by Bloomberg.
Persons: Bernard Arnault, Alexandre Arnault, Frédéric, Bernard Arnault's, , Frédéric Arnault, Delphine Arnault, Dior Couture, Antoine Arnault, LVMH, Jean Arnault, doesn't, Louis Vuitton's, Louis Vuitton, Dior, Marc Jacobs, Givenchy Organizations: Tiffany, Service, Christian Dior, Bloomberg
Mark Zuckerberg has overtaken Elon Musk as the world's third-richest person, with a $175 billion fortune. Zuckerberg has gained $47 billion in wealth this year while Musk has lost $55 billion, according to data from Bloomberg. Mark Zuckerberg had a net worth of $175 billion as of Wednesday, just slightly overtaking Musk's net worth of $174 billion. Year-to-date, Zuckerberg has added $47.3 billion to his net worth while Musk has seen his net worth decline by $55.2 billion. Related storyMusk is ahead of Bill Gates' $149 billion fortune, while Zuckerberg is behind Jeff Bezos' $203 billion fortune and Bernard Arnault's $221 billion net worth.
Persons: Mark Zuckerberg, Elon Musk, Zuckerberg, Musk, , Bill Gates, Jeff Bezos, Bernard Arnault's Organizations: Bloomberg, Meta, Service, Tesla, Facebook, SpaceX
The stock drop has fueled an estimated $160 billion decline in Elon Musk's net worth. AdvertisementTesla's mounting troubles have dealt a heavy blow to Elon Musk's net worth. However, Musk's net worth has plunged by about $160 billion since then to $178 billion at Tuesday's close. Musk's net worth has taken a big hit from the decline because his 13% stake in the automaker makes up a big chunk of his wealth. He topped the Bloomberg rich list with a $229 billion fortune in January, but his net worth has crashed by $51 billion, or 22%, since then.
Persons: , Elon, Warren Buffett, LVMH's Bernard Arnault, Jeff Bezos, Meta's Mark Zuckerberg, Musk, He's, Zuckerberg, isn't Organizations: Service, Bloomberg, SpaceX, Buffett, Tesla, Twitter Locations: Elon Musk's
Read previewIt's been just about a year since Koru, Jeff Bezos' $500 million megayacht, set sail from the Oceanco shipyard in the Netherlands, capturing the attention of yachting insiders and land dwellers alike. Unlike many other megayachts, Koru, which media billionaire Barry Diller's Eos inspired, is designed as a sailing yacht. AdvertisementLike most other megayachts, Koru is powered by her engines, which are reportedly innovative in their use of a kinetic energy recovery system. AdvertisementTeak or not, the yachting industry isn't generally known for being all that environmentally friendly — or indeed lowkey, so many who BI talked to didn't buy into the idea that Koru is "too much." It's the latest superyacht to capture the yachting world's attention.
Persons: , Jeff Bezos, Koru, they'd, Federico Rossi, Barry Diller's Eos, he'd, Bezos, Lauren Sanchez, Origin's, Shephard, That's, Anders Kurtén, I'm, Jerry Jones, Bernard Arnault, Mark Zuckerberg Organizations: Service, Palm, Business, Industry, Yachts Locations: Netherlands, St, Myanmar
Jeff Bezos and Bernard Arnault have a combined net worth of around $400 billion. Bezos and Arnault are the world's richest people, topping Bloomberg's Billionaires Index. AdvertisementJeff Bezos and Bernard Arnault are the world's two richest people, with a combined net worth of around $400 billion. Arnault, the owner of the luxury goods conglomerate LVMH, is ranked first on Bloomberg's Billionaires Index, with a net worth of $202 billion. Amazon founder Bezos is ranked second on the index, with a net worth of $197 billion.
Persons: Jeff Bezos, Bernard Arnault, , Dom Pérignon, Bezos Organizations: Service, Tiffany
In 2021, the inaugural recipients of the prize were Van Jones, a lawyer and CNN commentator, and chef José Andrés, each of whom received $100 million. They also serve as national spokespeople for the Brain Health Project, which focuses on brain health and brain performance with a concentration on veterans. Longoria, who starred in the television series “Desperate Housewives,” has focused on education and entrepreneurship in Latino communities. The Eva Longoria Foundation aims to connect Latinos and Latinas in lower-income areas with peer mentors, and Longoria has a start-up fund for Latino-owned small businesses. Bezos and Sánchez pledged $100 million to recovery efforts in Maui after the devastating wildfires in 2023, though the donation has come under scrutiny.
Persons: Jeff Bezos, Lauren Sánchez, Bill McRaven, Eva Longoria, Bernard Arnault, Van Jones, José Andrés, Dolly Parton, McRaven, , Lauren, Jeff, ” McRaven, Longoria, , ” Longoria, Bezos, Warren Buffett, Melinda French Gates, Bill Gates, MacKenzie Scott, Sánchez Organizations: New, New York CNN, Amazon, University of Texas, Bloomberg, CNN, Warrior Foundation, Brain Health, , Fund Locations: New York, Bezos, Maui
CNN —After a first intervention for the fashion house’s seismic creative director John Galliano failed, Dior’s then-CEO Sidney Toledano staged a second, more serious one. In response, as Toledano recounts in the new documentary “High & Low: John Galliano,” the then-50-year-old gym-obsessive ripped open his shirt to reveal a rippling torso and said, “Does this look like the body of an alcoholic?”And so the designer’s drinking and pill-popping rolled on. At least, “High & Low” director Kevin Macdonald, whose documentary performs a thrilling autopsy of Galliano’s career collapse, thinks so. Nicholas MatthewsUnraveling threadsAs its title suggests, “High & Low” scrutinizes the designer’s extraordinary rise and dramatic flameout. John Galliano, pictured at his home in Beauvais, France.
Persons: John Galliano, Dior’s, Sidney Toledano, Galliano, Dior, Bernard Arnault, Arnault, Toledano, , Perle, Hitler, ” John Galliano, France —, Dominique Charriau, decamped, Low, Kevin Macdonald, I’d, ” Macdonald, , , Macdonald, Anna Wintour — Galliano’s, , Wintour, ’ ” Macdonald, shouldn’t, I’m, John —, Nicholas Matthews Galliano, Nicholas Matthews, ” Johann Brun, John, “ John, ” Galliano, John Galliano’s, Derek Hudson, He’s, you’d, John then, Tim Blanks, Cecil B, DeMille, Kate Moss, Jamie Hince, Oscar de la, Maison, Pat McGrath, Galliano’s, it’s Organizations: CNN, Paris Fashion, Couture, Rodin, Dior, Hulton Locations: Paris, France, Scottish, Couture, Beauvais
Sephora's CEO said the company had benefited from the "lipstick effect," The FT reported. Sephora's CEO, Guillaume Motte, told The FT that its sales success, which is highlighted in LVMH's 2023 annual results, benefited from the "lipstick effect." In-store sales have driven Sephora's recent growth, Motte told The FT. In the annual results report, Arnault linked the company's growth to the "ever-growing popularity of Sephora's store concept worldwide." The US is Sephora's biggest market and "we are gaining market share there like crazy," Motte told The FT. Across North America, Sephora reached $10 billion in revenue in 2023.
Persons: LVMH, , Guillaume Motte, Alpha, Gen Zers, Motte, Bernard Arnault, Jeff Bezos, Arnault, Sephora Organizations: Service, FT Locations: North America
Tesla's market value has tumbled $234 billion this year, or more than McDonald's or Disney are worth. Elon Musk's EV maker is close to losing more value than Netflix or Coke's entire market caps. AdvertisementTesla's market value has plunged by an astounding $234 billion this year — that's considerably more than McDonald's ($212 billion), Disney ($202 billion), and Cisco ($199 billion) are worth. That decline is close to the entire market caps of Netflix ($259 billion) and Coca-Cola ($257 billion), and larger than the entire market value of American Express ($158 billion) and Nike ($148 billion). It's also worth noting that Tesla is still worth more than 10 times the value of either General Motors ($46 billion) or Ford ($49 billion).
Persons: , It's, He's, LVMH's Bernard Arnault, Jeff Bezos, Tesla, Musk, hasn't, Ross Gerber Organizations: Elon Musk's, Netflix, Service, Disney, Cisco, American Express, Nike, FedEx, Bloomberg, Motors, Ford Locations: China
The Tesla CEO's wealth has dropped by almost $40 billion since the start of 2024. The EV maker's sagging stock price has taken its toll on Musk's net worth. The Tesla CEO's net worth has plunged by almost $40 billion this year, according to the Bloomberg Billionaires Index. AdvertisementThe LVMH chief is worth $197 billion, $1 billion more than Bezos, after adding $18 billion to his worth this year. Most of Musk's wealth comes from his 21% stake in the EV maker.
Persons: Elon, , Jeff Bezos, He's, Bernard Arnault, it's, Arnault, Musk Organizations: Service, Tesla, Bloomberg Locations: China, Delaware
Bernard Arnault is the CEO and founder of the luxury conglomerate LVMH. He currently has a fortune of $197 billion making him the world's richest person. The title often bounces between Arnault, Amazon founder Jeff Bezos, and Tesla CEO Elon Musk. AdvertisementBernard Arnault, CEO of LVMH, has once again become the world's richest person with a fortune of $197 billion, snagging the title from Jeff Bezos. As of Thursday, his fortune has been eclipsed by Arnault by only $1 billion, according to Bloomberg's Billionaire Index.
Persons: Bernard Arnault, Jeff Bezos, Elon Musk, Organizations: Amazon, Tesla, Service, Arnault
Jeff Bezos just reclaimed his title as the world's richest person. AdvertisementIt's been more than two years since Amazon founder Jeff Bezos was the world's richest person, but he's now back in the lead again. Bezos reclaimed the top spot after a sustained rally in Big Tech shares on the back of the artificial intelligence boom. The last time Bezos was the world's richest person was in 2021. Bezos first surpassed Microsoft cofounder Bill Gates as the world's richest person in 2017.
Persons: Jeff Bezos, Elon Musk, , It's, he's, Bezos, Musk, Bill Gates, Bernard Arnault, LVMH Moet Hennessy Louis Vuitton Organizations: Big Tech, Bloomberg, Service, Amazon, Bezos, Origin, Microsoft, EV maker's Locations: China
Jeff Bezos has surpassed Elon Musk to once again become the world's richest person. AdvertisementWith a $200 billion fortune, Amazon founder Jeff Bezos has surpassed Elon Musk to once again become the world's richest person. Musk has lost $31 billion in wealth so far this year to a total net worth of $198 billion as of Monday. Musk's wealth is derived from his $77 billion stake in Tesla, as well as his $71 billion stake in SpaceX. The top five richest person ranking is rounded out by Mark Zuckerberg, who has a $179 billion net worth, and Bill Gates, who has a $150 billion net worth.
Persons: Jeff Bezos, Elon Musk, Bezos, Musk, Bernard Arnault, Mark Zuckerberg, Bill Gates Organizations: Bloomberg, SpaceX, The Locations: Amazon
New York CNN —Jeff Bezos has reclaimed the title of the richest person on earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday. The Amazon founder’s net worth was $200 billion, while Musk followed at $198 billion. Musk has lost about $31 billion over the past year, while Bezos has gained $23 billion, according to the index. The three centibillionaires — Musk, Arnault and Bezos — have been in competition with each other for the top spot for months. Of course, the title of the richest person on earth swaps every few months, depending on markets performance.
Persons: Jeff Bezos, Elon, Musk, Bezos, Bernard Arnault, Louis Vuitton, Dior, Celine, Arnault, Michelle Toh, Tami Luhby, Chris Isidore Organizations: New, New York CNN, Bloomberg Locations: New York, Delaware
How Hermes Became the Ultimate Status Symbol
  + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +11 min
Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.
Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, , waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn
How Hermès became the ultimate status symbol
  + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +11 min
A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.
Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, , waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn
CNN —Nvidia CEO Jensen Huang’s wealth saw a major boost on Thursday as the company he cofounded in 1993 surged in value. Huang, 61, is now worth an estimated $68.1 billion, passing Charles Koch and rapidly gaining on members of the Walton family, who own Walmart, which has a roughly $471 billion market cap. Huang has been at the helm of Nvidia since its beginning, serving as co-founder, CEO, president and board member. Shares of AMD (AMD) were 11% higher on Thursday and Microsoft (MSFT) rose 2%. But the company’s soaring stock price over the past year — shares grew around 230% in 2023 — means Nvidia is now deeply important to the broader market, too.
Persons: Jensen, Huang, Charles Koch, Walton, Elon Musk, Bernard Arnault, Jeff Bezos, Chris Malachowsky, Curtis Priem, Priem, Dan Morgan, Goldman Sachs, ” CNN’s Clare Duffy, Nicole Goodkind Organizations: CNN, Nvidia, Bloomberg, Walmart, Elon, Oregon State University, Stanford University, Devices, Wall Street, AMD, Microsoft, IBM, Synovus Trust Company, Google, Cisco Locations: Malachowsky
Read previewJeff Bezos this week unloaded 12 million shares of Amazon stock, netting him about $2 billion in a strategic move that may position him to once again claim the title of "world's richest man." Before this week's sale of Amazon stock, Bezos' net worth was only $5 billion behind Musk's $200 billion fortune, putting the title of #1 billionaire well within reach. This week's stock sale is not Bezos' first time offloading a large portion of his Amazon holdings, though it is the only major sale he's made since 2021. That year, Bezos sold $2.5 billion worth of shares as he prepared to step down as CEO. In 2019, Bezos offloaded roughly $2.8 billion worth of the company's stock.
Persons: , Jeff Bezos, Bezos, Elon, Bill Gates, Forbes, Musk, Musk's, Bernard Arnault, he's Organizations: Service, Business, Bloomberg, Tesla, SpaceX, The Boring Company, Amazon Locations: Delaware, New York
Total: 25