Bernard Arnault's LVMH empire just smashed the $500 billion market-value barrier, eclipsing Exxon and tailing Tesla

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A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner
Woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna

Thomson Reuters

The career rise of Bernard Arnault, the world's richest man and luxury-goods mogul who owns brands like Louis Vuitton and Dior

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Bernard Arnault, CEO of luxury-goods conglomerate LVMH.

Nicholas Kamm/Getty Images

Bernard Arnault, the French luxury tycoon, gathers his 5 kids monthly for a private work lunch and drills them on company strategy, report says

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LVMH CEO Bernard Arnault poses with five children and wife outside
From left: Alexandre, Frederic, and Jean Arnault, Helene Mercier, and Bernard, Delphine, and Antoine Arnault.

DENIS CHARLET/AFP via Getty Images

'Quiet luxury' is back for the first time since the Great Recession. Here's what it is and what brands stand to benefit.

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Model wears pink sunglasses, brown sweater, and plaid overcoat during Miu Miu fashion show
A model presents a creation for the Miu Miu Fall-Winter 2022-2023 collection fashion show.

JULIEN DE ROSA/AFP via Getty Images

LVMH CEO Bernard Arnault's wealth soared to a record high of $210 billion on the same day protestors swarmed the company's headquarters in Paris

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Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023.
Bernard Arnault, LVMH's chairman and CEO is the world's richest person.

Gonzalo Fuentes/Reuters

Photos show crowds storming the headquarters of the world's richest man as they protest France's proposed retirement age raise

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Railway workers on strike in France entered LVMH's headquarters with flags and flares
Protestors against the French government's proposal to raise the retirement age from 62 to 64 briefly stormed the LVMH headquarters.

Lewis Joly/AP Photo

LVMH boss Bernard Arnault's wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone

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LVMH CEO Bernard Arnault smiles while standing outside
Bernard Arnault, the CEO and chairman of LVMH, is now worth $201 billion.

CHRISTOPHE ARCHAMBAULT/AFP via Getty Images

The 'lipstick index' strikes again: Beauty shoppers are still spending big, even as US consumers dial back on everything else

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A shopper looks at beauty products at an Ulta Beauty shop inside a Target store.
Target says Ulta Beauty sales in its stores increased fourfold from 2021 to 2022.

Target

Pharrell Williams was just named the new creative director of Louis Vuitton's menswear division

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Pharrell Williams
Pharrell Williams was named "Men's Creative Director" of Louis Vuitton on Tuesday.

Axelle/Bauer-Griffin / Contributor/Getty Images

Nike is teaming up with Tiffany & Co. on a $400 shoe. Sneakerheads aren't impressed.

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nike tiffany & co sneaker collaboration box
The collaboration shoe is expected to retail at $400.

Nike

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