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The Wealthiest Person in France

Previously, we published a detailed report on the 30 Wealthiest People in France. In this article, will discuss the wealthiest person in France.

An Analysis of the French Economy

France ranks 5 on our detailed report on the 50 best countries in the world, based on four factors including the Human Development Index (HDI), R&D Expenditure, GDP (PPP), and International Migrant Stock. According to the European Union, France is expected to report dim economic growth at 0.7% in 2024 and is expected to rebound at 1.3% in 2025. Inflation is projected to decline to 2.5% in 2024 and 2% in 2025, due to falling energy and commodity prices. Public debt is expected to increase to 114% of GDP by 2025. According to Reuters, in the first quarter of 2024, the French economy gained momentum as consumer spending and business investment grew ahead of expectations. France, the second largest economy in the Euro Zone expanded by 0.2% in the first three months of the year. Economists polled by Reuters had an initial forecast of 0.1% and the Bank of France expected the economy to grow by 0.2%. Household consumption, a major driver of the economy, widened by 0.4% from 0.2% in the last quarter of 2023.

What’s New in the French Fashion Industry

Luxury French companies have been facing downturns in their returns due to economic uncertainty across the globe. On the other hand, fast fashion companies are experiencing momentum in France for their low-cost offerings. However, the French government is acting against these brands to protect the environment and established brands. On March 14, Reuters reported that the French Parliament approved a bill levying penalties on ultra-fast fashion products, especially by companies like Shein and Temu, to minimize the environmental impact. For every item, a penalty of EUR 10 is to be levied by 2030, and a ban on advertising such products was placed. Well-established companies rely on consumer demand forecasts, while companies like Shein and Temu can produce at scale due to extremely flexible supply chains and therefore charge prices in the single digits. This results in traditional players experiencing up to 40% waste. The Environmental Ministry in France also proposed a bill to levy an EU-level ban on the export of used clothes.

How is LVMH Revolutionizing the Luxury Market

While LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMHF) reported a decline in sales in the third quarter of 2023, it eventually gained momentum towards the end of the year and is following an upward trajectory into the first quarter of 2024. LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMHF) is a world leader in luxury goods and fashion products. The French luxury goods company is home to some of the leading brand names including Tiffany, Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, Bulgari. The company’s fashion and leather goods segment reported EUR 42.17 billion in revenue in 2023, up by 9% from 2022, and accounted for 49% of the total revenue in 2023. Adding to the above, the company achieved 3% organic growth in the first quarter of 2024, despite economic and geopolitical headwinds.

Despite slow growth in 2023, the company’s growth trajectory is exemplary. On June 20, The company acquired ‘Chez L’Ami Louis’, an authentic Parisian restaurant. The French restaurant is known for its culturally aligned dishes in a homely atmosphere. The company is stepping into new verticals, to preserve the unique character and identity of the restaurant. On June 25, LVMH (OTC:LVMHF) announced the acquisition of Swiza, owner of L’Epée 1839. Swiza is a Swiss high-end producer of clocks and has been operating for 185 years.

The environmental repercussions of fast fashion are immense. To counter the impact of fashion on the environment, LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTC:LVMHF) is making moves towards sustainability. In 2023, the company rejuvenated and preserved more than 3 million hectares of fauna and flora habitats. 63% of the company’s energy mix comes from renewable sources and has reduced CO2 emissions from energy consumption by 28% from its baseline in 2019. The company will be a crucial stakeholder in the Paris 2024 Olympic and Paralympic Games as a creative partner to make games more socially and environmentally responsible. On July 2, the company revealed eco-designed outfits and medal trays in collaboration with Paris 2024 for volunteer medal bearers during victory ceremonies for the Olympic and Paralympic Games Paris 2024. The outfits to be worn by 515 medal bearers will reflect the culture and heritage of France. The outfits will consist of a polo shirt and pants with a Gavroche cap, all 100% eco-friendly. The shirts and caps are made from jersey fabric made from recycled textiles using offcuts of LVMH products upcycled by Weturn, a French startup.

Now that we have studied the French economy, let’s take a look at the 30 wealthiest people in France. You can also read our piece on the wealthiest people in Australia.

Neirfy/Shutterstock.com

Our Methodology

To compile our list of the 30 wealthiest people in France, we utilized the real time billionaires data from Forbes and ranked the wealthiest people in France in ascending order of their net worths, as of July 9.

At Insider Monkey we are obsessed with the stocks that hedge funds pile into. The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).

The Wealthiest Person in France

Bernard Arnault

Net Worth as of July 9, 2024: $188.8 Billion

Bernard Arnault and his family are the richest people in France and have a combined net worth of $188.8 billion. He is the CEO of LVMH, the company behind 75 fashion brands including Louis Vuitton, Sephora, Tiffany, and Dior. He is also the third richest person in the world. All five of his children work at the company. He also owns Agache, a holding company behind venture capital firm Aglae Ventures. Aglae Ventures has made investments in Netflix and ByteDance.

Interested to see other wealthy individuals in France? Head over to our free detailed report on the 30 Wealthiest People in France.

At Insider Monkey, we delve into a variety of topics; however, our expertise lies in identifying the top performing stocks. Currently, Artificial Intelligence (AI) technology stands out as one of the most promising fields. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: Analyst Sees a New $25 Billion “Opportunity” for NVIDIA and Jim Cramer is Recommending These 10 Stocks in June.

Disclosure: None. This article is originally published on Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

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AI, Tariffs, Nuclear Power: One Undervalued Stock Connects ALL the Dots (Before It Explodes!)

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal!

AI is eating the world—and the machines behind it are ravenous.

Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink.

Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and building the digital future. But there’s one urgent question few are asking:

Where will all of that energy come from?

AI is the most electricity-hungry technology ever invented. Each data center powering large language models like ChatGPT consumes as much energy as a small city. And it’s about to get worse.

Even Sam Altman, the founder of OpenAI, issued a stark warning:

“The future of AI depends on an energy breakthrough.”

Elon Musk was even more blunt:

“AI will run out of electricity by next year.”

As the world chases faster, smarter machines, a hidden crisis is emerging behind the scenes. Power grids are strained. Electricity prices are rising. Utilities are scrambling to expand capacity.

And that’s where the real opportunity lies…

One little-known company—almost entirely overlooked by most AI investors—could be the ultimate backdoor play. It’s not a chipmaker. It’s not a cloud platform. But it might be the most important AI stock in the US owns critical energy infrastructure assets positioned to feed the coming AI energy spike.

As demand from AI data centers explodes, this company is gearing up to profit from the most valuable commodity in the digital age: electricity.

The “Toll Booth” Operator of the AI Energy Boom

  • It owns critical nuclear energy infrastructure assets, positioning it at the heart of America’s next-generation power strategy.
  • It’s one of the only global companies capable of executing large-scale, complex EPC (engineering, procurement, and construction) projects across oil, gas, renewable fuels, and industrial infrastructure.
  • It plays a pivotal role in U.S. LNG exportation—a sector about to explode under President Trump’s renewed “America First” energy doctrine.

Trump has made it clear: Europe and U.S. allies must buy American LNG.

And our company sits in the toll booth—collecting fees on every drop exported.

But that’s not all…

As Trump’s proposed tariffs push American manufacturers to bring their operations back home, this company will be first in line to rebuild, retrofit, and reengineer those facilities.

AI. Energy. Tariffs. Onshoring. This One Company Ties It All Together.

While the world is distracted by flashy AI tickers, a few smart investors are quietly scooping up shares of the one company powering it all from behind the scenes.

AI needs energy. Energy needs infrastructure.

And infrastructure needs a builder with experience, scale, and execution.

This company has its finger in every pie—and Wall Street is just starting to notice.

Wall Street is noticing this company also because it is quietly riding all of these tailwinds—without the sky-high valuation.

While most energy and utility firms are buried under mountains of debt and coughing up hefty interest payments just to appease bondholders…

This company is completely debt-free.

In fact, it’s sitting on a war chest of cash—equal to nearly one-third of its entire market cap.

It also owns a huge equity stake in another red-hot AI play, giving investors indirect exposure to multiple AI growth engines without paying a premium.

And here’s what the smart money has started whispering…

The Hedge Fund Secret That’s Starting to Leak Out

This stock is so off-the-radar, so absurdly undervalued, that some of the most secretive hedge fund managers in the world have begun pitching it at closed-door investment summits.

They’re sharing it quietly, away from the cameras, to rooms full of ultra-wealthy clients.

Why? Because excluding cash and investments, this company is trading at less than 7 times earnings.

And that’s for a business tied to:

  • The AI infrastructure supercycle
  • The onshoring boom driven by Trump-era tariffs
  • A surge in U.S. LNG exports
  • And a unique footprint in nuclear energy—the future of clean, reliable power

You simply won’t find another AI and energy stock this cheap… with this much upside.

This isn’t a hype stock. It’s not riding on hope.

It’s delivering real cash flows, owns critical infrastructure, and holds stakes in other major growth stories.

This is your chance to get in before the rockets take off!

Disruption is the New Name of the Game: Let’s face it, complacency breeds stagnation.

AI is the ultimate disruptor, and it’s shaking the foundations of traditional industries.

The companies that embrace AI will thrive, while the dinosaurs clinging to outdated methods will be left in the dust.

As an investor, you want to be on the side of the winners, and AI is the winning ticket.

The Talent Pool is Overflowing: The world’s brightest minds are flocking to AI.

From computer scientists to mathematicians, the next generation of innovators is pouring its energy into this field.

This influx of talent guarantees a constant stream of groundbreaking ideas and rapid advancements.

By investing in AI, you’re essentially backing the future.

The future is powered by artificial intelligence, and the time to invest is NOW.

Don’t be a spectator in this technological revolution.

Dive into the AI gold rush and watch your portfolio soar alongside the brightest minds of our generation.

This isn’t just about making money – it’s about being part of the future.

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Space is Limited! Only 1000 spots are available for this exclusive offer. Don’t let this chance slip away – subscribe to our Premium Readership Newsletter today and unlock the potential for a life-changing investment.

Here’s what to do next:

1. Head over to our website and subscribe to our Premium Readership Newsletter for just $9.99.

2. Enjoy a month of ad-free browsing, exclusive access to our in-depth report on the Trump tariff and nuclear energy company as well as the revolutionary AI-robotics company, and the upcoming issues of our Premium Readership Newsletter.

3. Sit back, relax, and know that you’re backed by our ironclad 30-day money-back guarantee.

Don’t miss out on this incredible opportunity! Subscribe now and take control of your AI investment future!


No worries about auto-renewals! Our 30-Day Money-Back Guarantee applies whether you’re joining us for the first time or renewing your subscription a month later!