Elon Musk and Bernard Arnault, the 2 richest of us within the enviornment, shared lunch in Paris on Friday, assembly at a luxury hotel with finish relatives earlier than a abilities convention hosted by an Arnault-owned firm the set up Musk is talking.
Antoine, Bernard and Alexandre Arnault were at lunch with Elon Musk on Friday—Delphine Arnault used to be … [+] not.
AFP via Getty Photographs
Key Facts
Arnault, the 74-yr-frail luxury items executive with a family fortune price an estimated $233 billion, told French news program Quotidien he used to be assembly the Tesla CEO, price $237 billion, for lunch because “I do know him [and] I mediate he’s an distinctive entrepreneur.”
The two dined at Cheval Blanc, the plush hotel chain that’s owned by LVMH Moët Hennessy Louis Vuitton, the plush items conglomerate basically based by Arnault in 1987, according to Bloomberg.
The LVMH CEO also brought alongside his sons, Antoine and Alexandre Arnault, 46 and 31, respectively, while Musk used to be accompanied by his mother, Maye, an Instagram post from Antoine showed.
It used to be unclear what the neighborhood ate one day of the meal.
Key Background
The nature of Musk and Arnault’s dialogue over lunch used to be not made public nonetheless may per chance be pleased incorporated talk about Arnault’s involvement with social media and promoting. Twitter has struggled with reducing promoting earnings since he bought it in October, nonetheless Musk has lawful handed over the reins, heralding a attainable unusual generation for the platform. After his lunch with Arnault, Musk may per chance be scheduled to talk at a Viva Technology occasion, which is hosted by promoting companies Publicis Groupe SA and Les Echos, owned by Arnault’s LVMH. Arnault’s keeping firm, Agache, backs a enterprise capital agency with investments in TikTok guardian firm ByteDance.
Tangent
Musk is in France this week to meet with President Emmanuel Macron to talk about constructing a Tesla factory within the nation. Macron posted a checklist of the 2 men smiling on his Twitter Friday morning with the caption: “Let’s work together! #ChooseFrance.”
Forbes Valuation
Collectively, the 2 men portion a entire cost of roughly $470 billion. Musk rose again as a lot as his rating as the wealthiest particular person within the enviornment earlier this month as Tesla shares were on an upward trajectory. The overwhelming majority of Arnault’s fortune comes from his possession of LVMH, which encompasses greater than 70 luxury brands love Fendi, Givenchy and Tiffany & Co.
