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

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.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani ... Other billionaires in attendance included the world’s three wealthiest people—Tesla chief and Trump backer Elon Musk ($433.9 billion), Meta CEO Mark Zuckerberg ($211 ...

Bernard Arnault, the founder and CEO of LVMH Moët ... Zuckerberg and Musk are the next-biggest gainers. The Meta and Tesla CEOs have added around $9 billion and $7 billion to their respective ...

“The golden age of America begins right now,” Trump proclaimed. For his billionaire backers, it has already begun.

The LVMH Moët Hennessy Louis Vuitton titan had prime seating near former Presidents Bill Clinton, George Bush and Barack Obama.

Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown ... his involvement in companies such as Tesla (TSLA) and SpaceX and, of course ...

"I didn't want to get out of my seat because I didn't want to lose it," said one guest at President Trump's pre-inauguration Candlelight Dinner.

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. ■

The list of global businessmen and CEOs sitting on the dais for the inauguration adds up to more than $12 trillion in market value and more than $1 trillion in global wealth. From Elon Musk, to Bernard Arnault,