LVMH's Arnault, France's wealthiest individual, criticizes suggested tax on billionaires

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Sep 21 2025

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Source: Reuters

Arnault's Opposition: Bernard Arnault, CEO of LVMH and France's wealthiest individual, criticized a proposed 2% tax on billionaires, claiming it threatens the French economy and labeling its creator, economist Gabriel Zucman, as a far-left ideologue.
Public Support for Tax: The tax, aimed at wealth exceeding 100 million euros, has garnered significant public backing, with a recent poll indicating 86% approval among citizens, despite Arnault's strong opposition.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

LVMH's Arnault, France's wealthiest individual, criticizes suggested tax on billionaires

About the author

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