Tag Archives: bernard arnault

As LVMH records new levels in market valuation, its CEO and co-founder of the company is currently the world’s richest person. Luxury goods company LVMH has become the first European company to exceed $500 billion in market value. LVMH, which engages in the design, manufacture, and sale of luxury products globally, is the parent company of Louis Vuitton, Hennessy, and Moet & Chandon. Its other subsidiaries include Dior, Bvlgari, Sephora, Kenzo, Givenchy, etc. For Q1 2023, LVMH...

Thousands of Amazon.com Inc. sellers who built their businesses using China’s cheap and efficient manufacturers are on the spot as the coronavirus shuts factories there. AMZN stock was down on Tuesday but seems to start growing in the pre-market.Amazon.com Inc (NASDAQ: AMZN) is allegedly doing everything it can to stock up on inventory as the coronavirus (COVID-19) spreads at a rapid pace. Worries about it becoming a pandemic rise and people are buying everything from the stores (like this...

Amazon stock crashed more than 4% yesterday, causing CEO and founder Jeff Bezos to lose nearly $5 billion of his personal wealth.The effects of the coronavirus outbreak are still being felt all over the world. With each passing day, these effects are worsening and are getting harder to ignore. Stock markets all over the world are taking a plunge and a lot of money is being washed down the drain. This problem has hit the world’s richest man and Amazon.com Inc (NASDAQ: AMZN) CEO Jeff Bezos, who...

Spread and control of the coronavirus outbreak in China has impacted the sales of popular multinational conglomerates, LVMH, according to published revenue records.China’s Hold on Luxury RevenueAccording to records posted by LVMH, the recent disease outbreak surfacing very early in the year has already begun to affect overall sales of goods, significantly.The recent outbreak comes as a bigger test to last year’s skid with Hong Kong, which fortunately couldn’t stop the company from making...

A year ago Jeff Bezos, one of three richest men on Earth (two others are Bill Gates, Bernard Arnault), had a conversation with Saudi Arabia crown prince Mohammed bin Salman. According to the mysterious sources of the Guardian newspaper, the crown prince sent a malicious file containing a virus to Jeff via WhatsApp.Billionaire’s smartphone ha no chance to resist the virus, as it was packed inside a usual video file. The tricky conversation happened on May 1, 2019.The sources claim that during...

Easily one of the world’s richest people, Bill Gates says charity is the best way to spend his money. According to the entrepreneur and philanthropist, there really is no better way to spend the amount of money a billionaire makes.In a recent CNBC report, Bill Gates says that figuring out the best way to spend a ton of wealth can be pretty challenging. The report suggests that this could be a lot more challenging than the benefit of being able to buy anything you want with the...

Less than 4 months ago, the readers of Forbes magazine were able to see Bernard Arnault having 102 billion. Back then, the man told that he’s small compared to Microsoft. However, today Bernard has 7 billion dollars more than Bill Gates himself. Bill is the third biggest money owner on the planet. And the second one is Jeff Bezos. Yes, he has again lost his status of the richest person of the planet, this time not to Gates but to Arnault.And one only can wonder what those rich people do with...

This year was pretty good for one of the most famous world’s billionaires. However, the whole decade seems to finish even better. Take Warren Buffett for example. He is ending the year with a net worth of approximately $89 billion, up around $42 billion since 2010 and making him the seventh-biggest billionaire gainer of the past 10 years. Let it also be known that the Oracle of Omaha never sold any Berkshire Hathaway, and about 98% of his fortune is made up only of the company’s shares.But,...

Jeff Bezos has unexpectedly become the world’s richest man again. This occurred largely due to a significant increase in U.S. online sales which has risen by 15.8 % as opposed to last year. Online retailers have made sales of about $50.1 billion this month alone so far. This, of course, has been reflected in the rising prices in Amazon stock which stands at $1,818.51 per share which indicates a rise of about 1.20% in the past twenty-four hours. Amazon’s stock has rebounded largely in part to...

Multibillion-dollar luxury brands owner LVMH has reached a deal to acquire Tiffany & Co for $16.5 billion. Sources indicate that the luxury brand owner has finally gained the acceptance of this present deal for acquisition after both boards have approved it.LVMH is known globally for ownership of some of the world’s most luxurious brands which include Louis Vuitton, Christian Dior, and Moët & Chandon among 75 others commonly referred to as the “Maisons” or houses. LVMH has further...