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Showing posts from October, 2021

in a crisis a lot of people say things will never

Bernard Arnault Has Lost More Money Than Anyone In The World In Coronavirus Crisis HighlightsBernard Arnault's LVMH shares went down 19% this yearHis net worth has shrunk by more than $30 billion"We are very much long term oriented": LVMH's Chief Financial Officer In his ninth floor office on Paris's Avenue Montaigne, Europe's wealthiest man, Bernard Arnault, is spending long hours plotting a post virus future for his luxury goods empire, LVMH. At 71, the billionaire has lived through several crises, but none quite like this one, with his fake designer bags armada of more than 70 brands from Dior to Fendi hit from all sides. Arnault's wealth has plunged. With LVMH shares down 19% this year, his net worth has shrunk by more than $30 billion losing more money than any other individual in the world, according to the Bloomberg Billionaires Index. Chairman Jeff Bezos had gained. Undeterred, Arnault has been heading to his war room every day, where he's

house prices soaring at 10 times the rate of

Are Salma Hayek and her wealthy French husband set to join 'l'exodus' Are Salma Hayek and her billionaire French husband set to join 'l'exodus'? Hollywood star seen in London with top property agentHayek spotted leaving Claridge's in Mayfair with a top property agentShe is married to Franois Henri Pinault, owner of Gucci and YSLSpeculation rife they could be the latest wealthy people to leave FranceBusiness community angered at punitive tax regime of Socialist governmentBut Mr Pinault's firm denies he has any plans to transfer finances to London By Damien Gayle Salma Hayek and her billionaire Parisian husband are hunting for a new home in London, sparking suggestions they are set to join 'l'exodus' of wealthy French to countries with lower taxes. The Hollywood star, 47, and her 51 year old husband Franois Henri Pinault, owner 1:1 replica handbags of Gucci and Yves Saint Laurent, are said to be scouring Belgravia, Kensington and Notting