The luxury giant LVMH gathered up-and-coming watchmakers in Paris this week with its first watch prize and a party hosted by the youngest Arnault scion.
Category: High Net Worth Individuals
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Elon Musk’s Tesla Pay Package Is Struck Down by Judge
Shareholders had sued, arguing that Mr. Musk’s compensation — which helped make him the world’s richest person — was excessive.
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Patagonia Is Spending Millions on Conservation and Politics
$71 million of the clothing company’s earnings have been used since September 2022 to fund wildlife restoration, dam removal and Democratic groups.
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Bernard Arnault Names 2 More Sons to LVMH Board, Cementing Family Control
The move by France’s richest man extends a carefully-planned succession strategy for the world’s biggest luxury company.
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The Farmers Had What the Billionaires Wanted
In Solano County, Calif., a who’s who of tech money is trying to build a city from the ground up. But some of the locals whose families have been there for generations don’t want to sell the land.
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Billionaires Wanted to Save the News Industry. They’re Losing a Fortune.
Time magazine, The Washington Post and The Los Angeles Times — owned by Marc Benioff, Jeff Bezos, and Dr. Patrick Soon-Shiong — are still losing money.
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At Art Fraud Trial, Sotheby’s Is Pressed on Role in Sales to Russian Oligarch
The auction house is accused of helping an art dealer who the oligarch says defrauded him in several sales. A Sotheby’s specialist involved in some of the transactions defended his conduct.
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The Meme King of Longevity Now Wants to Sell You Olive Oil
Bryan Johnson, a data-obsessed Silicon Valley centimillionaire, is promoting food and supplements that promise to help people live longer. Scientists say his program is highly questionable. So why are people flocking to it?
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The Billionaires Spending a Fortune to Lure Scientists Away From Universities
Arena BioWorks is promising big paydays to nearly 100 researchers from Harvard, M.I.T. and other prestigious institutions.
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Townhouses Took Off in December, and Neighbors Filed a Rare Joint Listing
Two townhouses in the West Village, one owned by the producer Scott Rudin, are listed together at $37.5 million. They could be combined into a 40-foot-wide mansion.