LYCOS RETRIEVER 
Bernard Arnault: Louis Vuitton
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Coming in at No. 2 is Delphine Arnault Gancia of France, daughter of Bernard Arnault who runs the Moet Hennessy Louis Vuitton (LVMH) luxury goods empire. Gancia is a former McKinsey consultant and the first woman to be named a director on the LVMH board, Forbes.com said.
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When the French corporate raider Bernard Arnault lost a bitter fight to acquire Gucci early this year, some people wondered whether he had any more tricks up his impeccably tailored sleeve. Indeed he did. Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton (LVMHY), is becoming Europe's largest cyberbusiness bankroller--seeding the Continent for the coming explosion of e-commerce.
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Bernard Arnault loves star brands. Dubbed "the Machiavelli of finance" by French newspaper Libération for clever financial transactions that made him chairman, CEO, and major shareholder of French luxury-goods conglomerate LVMH Moët Hennessy Louis Vuitton SA in 1990, it's his talent building star brands that has made him ascend to seventh place on the Forbes "World's Richest People" list, with a net worth of US$ 21.5 billion.
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The evening began with an exclusive cocktail reception in the new Champs-Elysees house, which was officially inaugurated at 6:30 pm by Bernard Arnault, President of LVMH Moet Hennessy Louis Vuitton, and Yves Carcelle, President of Louis Vuitton Malletier. The Champs-Elysees house, jointly designed by architects Eric Carlson and Peter Marino, represents a groundbreaking architectural achievement, conceived as a promenade of terraces in homage to the historical and cultural importance of the Champs-Elysees as the world's most stylish promenade.
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Groupe Les Echos was acquired in 2007 by Bernard Arnault's LVMH Moët Hennessy Louis Vuitton (LVMH), which announced that it would sell its La Tribune (France's second financial newspaper) to Alain Weill. Journalists on La Tribune had been strongly critical of alleged interference by Arnault.
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That actually could be music to Arnault's ears. It means Louis Vuitton is selling stupendously and making pots of money for the tycoon and his shareholders. But for devotees, the message is devastating. It means the famous logo is no longer the cachet-loaded item it once was. It still costs an arm and a leg, yet those buying are not the old-money, aristocratic clients who coveted craftsmanship and exclusivity. Instead they're the new luxury-obsessed middle-class consumers addicted to brands not for quality but for what they represent. And now they don't even have that.
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