Bernard Arnault

LVMH CEO Bernard Arnault revealed he owned nearly 20% of Netflix in 1999 but sold most of his stake in 2003, missing out on a potential $60 billion fortune as Netflix's valuation grew 600-fold. He acknowledged selling too early, a pattern he repeated with Apple and Google investments.

Bernard Arnault, CEO of LVMH, expressed regret over selling his early stakes in Netflix and Google, which he said led to missed opportunities as both companies' values surged. He acquired nearly 20% of Netflix in 1999 but sold by 2003, and later sold Google shares received during the dot-com crash. Despite these exits, Arnault remains one of the world's wealthiest individuals with an estimated $156 billion fortune.

Tiffany & Co. contributed to a 9% growth in LVMH's watches and jewelry division in the past six months, driven by strong sales in the US, Asia, and Japan. The brand's HardWear and Knot collections saw 75% and 50% growth, respectively, while LVMH shifted Tiffany's focus to gold and high jewelry to meet demand.

LVMH CEO Bernard Arnault denied reports that his children are competing to become the company's next CEO, calling the claims fictional. Investors have expressed a desire for clarity on his succession after nearly 40 years leading the luxury conglomerate.

Bernard Arnault is working to maintain control over his media outlets. The article mentions an event in Paris where Vincent Bolloré and Bernard Arnault attended the 200th anniversary celebration of Le Figaro.

The article discusses Bernard Arnault's business-first approach with foreign leaders, including mentions of interactions with Trump and Putin. A specific example includes Russian President Vladimir Putin meeting Arnault at the Château Cheval Blanc vineyard in Saint-Emilion, Gironde, on February 12, 2003.

A French court disrupted Bernard Arnault's American weekend plans. Hélène Mercier-Arnault and Bernard Arnault were photographed arriving at the Elysée Palace in Paris on June 29, 2026.

Bernard Arnault and his wife face a €22.5 million tax assessment in France, including additional contributions for 2010 and wealth solidarity tax for 2012-2015. The Paris administrative court of appeal's decision will be appealed to the Council of State.

Bernard Arnault, France’s richest man and owner of LVMH, has been ordered to pay €22.5 million in back taxes and will appeal the ruling.

Bernard Arnault, owner of brands like Louis Vuitton and Dior, faces accusations of monopolizing French business press after acquiring a leading weekly. Journalists' unions criticize his ownership of most business and economic publications in France.