He’s someone Trump really looks up to and wants to make happy,” a source said of LVMH CEO Bernard Arnault, the wealthiest man in France.

The ceremony in the US Capitol underscored the president’s deepening ties to titans of industry and the shifting stances of those who previously scorned him.

PARIS (Reuters) - Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" in the country that contrasted with the "cold shower" of potentially higher corporate taxes in France.

Trump's inauguration drew several business and tech CEOs, including Jeff Bezos, Mark Zuckerberg, Elon Musk, Tim Cook, and TikTok's Shou Zi Chew.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.

The LVMH Moët Hennessy Louis Vuitton titan had prime seating near former Presidents Bill Clinton, George Bush and Barack Obama.

The world is set to witness the emergence of five trillionaires within the next decade, according to Oxfam's latest inequality

Explore how tech billionaires like Elon Musk, Jeff Bezos, and Mark Zuckerberg shaped the narrative at Donald Trump’s second inauguration.

Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown ... in companies such as Tesla (TSLA) and SpaceX and, of course, the social media ...

When Donald Trump was sworn in on Monday, he was flanked by billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg.Also on the dais was Apple CEO Tim Cook, Open AI's CEO Sam Altman, and Bernard Arnault owner of L-V-M-H which owns luxury brands like Dior and Louis Vuitton.

Rapper Jay-Z has been the world's richest musician for the past eight years, with a net worth of $2.5 billion, according to Forbes - twice as much as Taylor Swift.