Additional Piece: The Power Lunch of Billionaires: Elon Musk and Bernard Arnault’s Meeting in Paris
In the world of the ultra-rich, it’s not every day that the two wealthiest individuals on the planet sit down for a meal together. However, that’s exactly what happened when Tesla CEO Elon Musk and LVMH CEO Bernard Arnault met for a power lunch in Paris. This exclusive gathering took place at the luxurious Cheval Blanc restaurant and included Musk’s mother, Maye Musk, and Arnault’s eldest son, Antoine.
The sheer wealth and influence of these two men is staggering. Both Musk and Arnault are worth well over $220 billion each, making them the richest people in the world. Their positions at the top of the wealth pyramid have been a matter of contention as they have repeatedly swapped places to claim the coveted title. This meeting of the billionaires not only caught the attention of the media but also sparked curiosity about their discussions and possible collaborations.
Antoine Arnault took to his Instagram account to share photos from the lunchtime session, giving us a glimpse into this extraordinary event. The images captured the relaxed atmosphere as the group enjoyed their meal on a beautiful sunny day in Paris. While the details of their conversation remain unknown, it’s safe to assume that these two titans of industry had much to discuss, from their respective companies to global business trends and perhaps even future partnerships.
This meeting comes at a time when several European countries are vying to host Tesla’s next battery factory. Musk, on his tour of the continent, has been meeting with various leaders, including Italian Prime Minister Georgia Meloni and French President Emmanuel Macron. With a growing demand for sustainable energy solutions and electric vehicles, Tesla’s expansion plans have garnered substantial attention. Could this lunch meeting have been an opportunity for Musk and Arnault to explore potential collaborations in the renewable energy sector?
While their lunchtime conversation remains a mystery, their individual achievements and impact on their respective industries are well-known. Bernard Arnault has been instrumental in transforming LVMH into the largest luxury group globally, with iconic brands like Louis Vuitton, Moet & Chandon, and Givenchy. Though Arnault briefly surpassed Musk’s wealth last year, a dip in LVMH’s stock due to the economic downturn in China impacted his ranking.
On the other hand, Musk’s fortunes have soared with the success of Tesla. The electric car company’s shares have surged over 140% this year alone, cementing Musk’s position as one of the richest individuals globally. With his visionary leadership, Musk has not only revolutionized the automotive industry but has also made significant contributions to space exploration through SpaceX.
There is also speculation that SpaceX may spin off its Starlink satellite broadband unit in an initial public offering (IPO). If this were to happen, Musk’s wealth could see yet another significant boost. Venture capitalist Chamath Palihapitiya predicted earlier this year that a Starlink IPO is imminent and projected its valuation to be at least half of SpaceX’s current private value. The possibilities for Musk’s space ambitions and the potential for further wealth creation are seemingly limitless.
While the meeting in Paris may have been a rare occasion, it wasn’t the first time Musk and Arnault came face to face. They previously met in Los Angeles, and according to an interview with The Telegraph, Arnault admitted to having made a faux pas when he laughed off Musk’s plans to colonize Mars. It appears that Arnault, like many others at the time, failed to grasp the seriousness of Musk’s ambitions. With his unwavering determination, Musk might have the last laugh as he continues to make strides in space exploration.
Their meeting also raises questions about the future of global business. As the world becomes increasingly interconnected, the collaboration between industry leaders from different sectors could pave the way for innovative solutions and drive sustainable growth. The convergence of technology, luxury, and sustainable energy could present untapped opportunities that these billionaires, with their combined wealth and expertise, may be uniquely positioned to explore.
Summary:
The two richest individuals in the world, Elon Musk and Bernard Arnault, recently had a power lunch in Paris. This exclusive gathering took place at the prestigious Cheval Blanc restaurant and included Musk’s mother and Arnault’s son. With both men worth well over $220 billion, their conversation undoubtedly covered a range of topics, from their respective companies to potential collaborations. This meeting comes at a time when various European countries are competing to host Tesla’s next battery factory, making Musk’s visit to the continent even more significant. While the details of their discussions remain unknown, their individual achievements and impact on their industries highlight the potential for future collaboration and innovation. As Musk continues to expand his ventures, including the possibility of a SpaceX Starlink IPO, the meeting with Arnault further solidifies his position as one of the world’s most influential and forward-thinking entrepreneurs.
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Talk about a power lunch. It’s not every day that the two richest people in the world sit down for a meal together, but it did happen in Paris on Friday Tesla CEO and LVMH CEO Bernard Arnault dined with family members at the Cheval Blanc.
Each man is worth well over $220 billion, with Musk currently holding the title of richest person they’ve repeatedly traded with.
Also present at the luncheon were Musk’s mother, Maye Musk, and Arnault’s eldest son, Antoine, who posted photos from the lunchtime session on his website Instagram Account.
Elon Musk and his mother Maye just had lunch with Bernard Arnault and his sons Antoine and Alexandre. Power lunch in Paris at the Cheval Blanc. On a glorious sunny day. @elonmusk @LVMH @mayemusk @alexarnault #VivaTech Pictures: Antoine’s Instagram – no details on the topics discussed pic.twitter.com/UkCgRY6b8x
— Angelina Rascouët (@arascouet) June 16, 2023
Several European countries want to host Tesla’s next battery factory, and Musk was on a tour of the continent meeting various leaders including Italian Prime Minister Georgia Meloni and French President Emmanuel Macron.
Musk also spoke at the VivaTech conference in France on Friday and reiterated his warnings about the dangers to humanity posed by artificial intelligence admit that He “didn’t think anyone would actually agree to the pause in AI development that he had called for back in March.”
He also joked“If I’m so smart, why did I pay so much for Twitter?”
The two billionaires are well-known figures on the rich list. Arnault has made LVMH the largest luxury group in the world – think Louis Vuitton luggage, Moet champagne or Givenchy perfume. He bested Musk last year, but suffered a setback when the slowing economic recovery in China — a key luxury goods market — reduced investor enthusiasm for LVMH shares.
Meanwhile, Tesla shares are up more than 140% this year, which has helped Musk reclaim his place Last month. Musk is also the CEO of SpaceX and its wealth could grow even further if the company spins off its Starlink satellite broadband unit in an IPO.
It wasn’t the first meeting between Musk and Arnault. They also met in Los Angeles last year, later dating the luxury tycoon admit The Telegraph that he committed a faux pas when he laughed when Musk said he was going to colonize Mars. “I thought he was joking,” Arnault told the British newspaper. “But he meant business and I don’t think he was particularly pleased.”
Musk could be the last laugh thanks to his space ambitions. In January, venture capitalist Chamath Palihapitiya predicted that a Starlink IPO would occur this year and that Starlink’s valuation “will be at least half of SpaceX’s current private value.” In the same month, CNBC reported that Musk’s space company had raised $750 million at a $137 billion valuation.
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https://fortune.com/2023/06/17/tesla-elon-musk-lvmh-bernard-arnault-power-lunch-paris-worlds-richest-people/
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