Tuesday, May 11

Tag: Bernard Arnault

Amazon founder, Jeff Bezos tops Forbes billionaire list for the 4th year in a row
Lifestyle

Amazon founder, Jeff Bezos tops Forbes billionaire list for the 4th year in a row

Forbes has released its annual list of billionaires with Amazon founder Jeff Bezos topping it for the fourth consecutive year. The 57-year-old's worth increased to $177 billion, up to $64 billion from a year ago as a result of a spike in Amazon shares, the media company said on Tuesday, April 6. Tesla CEO, Elon Musk was the biggest gainer as he rocketed to the second spot with a $151 billion fortune, a whopping $126.4 billion gain a year ago when he ranked No. 31 and was worth $24.6 billion. This year’s billionaires are worth a combined $13.1 trillion, up from $8 trillion last year, Forbes said. "The very, very rich got very, very richer," said Forbes' Chief Content Officer Randall Lane, in an interview with Reuters Video News This year’s list has 493 newcomers, includin...
Jay-Z Sells 50% Stake of his Champagne Brand to Luxury Giant LVMH
Celebs

Jay-Z Sells 50% Stake of his Champagne Brand to Luxury Giant LVMH

Jay-Z has sold 50% stake of his Champagne brand, Armand de Brignac, to luxury giant LVMH’s Moët Hennessy in a partnership deal. The 51-year-old American entrepreneur and rapper sold half of his champagne brand to Moët Hennessy for an undisclosed price, and the Financial Times reports he said the move will help take Armand de Brignac to “the next level of taste and distribution.” On Monday, LVMH’s Moët Hennessy announced the partnership with Jay-Z through the 50 percent acquisition of his Armand de Brignac champagne brand. “I’m proud to welcome the Arnault family into ours through this partnership that began with Alexandre Arnault and continued with his father Bernard Arnault and Philippe Schaus, at my home in Los Angeles,” said Jay-Z of the new partnership in a statement. “...
Europe’s wealthiest man, Bernard Arnault has Lost $30BILLION During Coronavirus Crisis
Lifestyle

Europe’s wealthiest man, Bernard Arnault has Lost $30BILLION During Coronavirus Crisis

Bernard Arnault, the richest man in Europe and third-richest billionaire worldwide, has lost an astonishing $30billion during the Coronavirus pandemic more than any other person in the world. The Frenchman, 71,  is the chairman and CEO of the prestigious luxury empire LVMH Moët Hennessy and oversees a portfolio of 70 luxury brands, including Louis Vuitton and Sephora. While the economy is struggling globally due to the Coronavirus pandemic, LVMH shares has plummeted by 19% in a year, Bloomberg reported. It means Arnault's net worth has plunged by a staggering $30billion, as calculated by the Bloomberg Billionaires Index. It was also reported that he has lost more than any other individual in the world. As of May 6, the businessman had lost as much money as Jeff Bezos, ch...
Natalia Vodianova  is Set to Wed Antoine Arnault
Celebs

Natalia Vodianova is Set to Wed Antoine Arnault

37 years  years old  Russian supermodel, Natalia Vodianova is set to wed 42 years old Antoine Arnault, the son of French billionaire, Bernard Arnault, who is the boss of the world’s largest luxury-goods company, LVMH Moet Hennessy. According to Sebastian Shakespeare for Daily Mail, the supermodel accepted a proposal from Arnault, the son of the world’s third-richest man to marry him. The stunning Vogue cover star also confirmed their engagement by sharing a loved-up photo of she and Antoine enjoying an embrace while flaunting the sparkler on her ring finger. She wrote: 'This year has been beautiful and very memorable. 2020 here we come ?♥?? Can’t wait to celebrate next year with our loved ones @antoinearnault ????.' The suspermodel who has two children, Maxim, five, and...

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/gqbzggmy/public_html/wp-includes/functions.php on line 4757