Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

LVMH is the world's biggest luxury company ... The Motley Fool has positions in and recommends Airbnb, Apple, Nike, Starbucks, and Tesla. The Motley Fool recommends Burberry Group Plc, Diageo ...

A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.

"Elon and I have hugged it out," Dimon said, while praising Musk for running multiple high-profile companies such as Tesla, SpaceX and Neuralink.

A custom hat that was almost lost and a lingerie-inspired “shirt” that may still be at large: every inaugural fashion moment that nearly stole the show.

Donald Trump’s billionaire clique is a “threat to global stability”, a group of millionaires including a Disney heiress and Dale Vince, British energy boss, have claimed...

Bernard Arnault, billionaire chairman and CEO of global luxury goods company LVMH; such as Louis Vuitton. Posted: January 21, 2025 | Last updated: January 21, 2025

Tech billionaires, foreign diplomats and CEOs shadowed U.S. President Donald Trump on Monday, with several attending St. John's Church in Washington and seated prominently on the dais in the U.S. Capitol ahead of his speech.

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.