How did Bernard Arnault, the world’s richest person and the CEO of French luxury goods firm LVMH, become a billionaire? This Forbes profile dives deep into ... Show more

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Yonhap News Agency May 11

(LEAD) LVMH CEO Arnault visits S. Korea for 1st time in three years: SEOUL, May 11 (Yonhap) -- LVMH Chairman and CEO Bernard Arnault visited a Louis ...

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Key FactsArnault Opposes France’s Proposed Wealth Tax

Sep 22, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: businessinsider.com

Bernard Arnault, CEO of LVMH and France’s richest individual, rejects the proposed 2% wealth tax targeting the ultra-rich.

The tax plan was introduced by economist Gabriel Zucman to affect those with net worths exceeding €100 million.

Arnault labels Zucman a far-left activist and claims the tax would devastate the French economy.

Zucman counters that the tax is essential for justice, social peace, and fiscal stability.

This is clearly not a technical or economic debate, but rather a clearly stated desire to destroy the French economy.
— Bernard Arnault commented on France's proposed 2% wealth tax in an interview with the British newspaper The Sunday Times.

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