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France’s richest man and LVMH boss Bernard Arnault slams proposed billionaire tax

22 September 2025
in Business
Reading Time: 2 mins read
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France’s richest man and LVMH boss Bernard Arnault slams proposed billionaire tax
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PARIS – Bernard Arnault, the boss of luxury goods group LVMH and France’s richest man, has attacked a proposed 2% tax on billionaires as an assault on France’s economy and denounced the plan’s architect as a far-left ideologue.

The tax, which would target wealth above 100 million euros ($117 million), has gained political traction in France, where Prime Minister Sébastien Lecornu faces pressure from the Socialist Party to include it in the 2026 budget or face a confidence vote that could topple his government.

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