cannot take your money with you, so why not put it to good
As the world population explodes, there are proportionally
on the planet, the product of exploiting manufacturing and
selling of products and services. Meaning of course, that
there will be proportionally more poor people, who are being
exploited. There is though nothing wrong with making money,
provided that it is put to good use. Since, money is just a
tool to accomplish things. Not a pile of paper notes to be
counted for pleasure, or vaults of gold or jewels. Though,
the latter would be preferable, since at least is looks
better than a stack of pulp, or a digital display, when
is a sobering thought, that in order to make money, energy
is used. Hence, money generates a large carbon footprint,
where a responsible attitude to increasing greenhouse gases,
would and should be to offset the CO2, as far as is
is why many wealthy people set up charitable foundations.
Donating substantial sums to good causes.
2. BERNARD ARNAULT
CEO and Chair: LVMH (LVMUY)
Net Worth: $138 billion
Christian Dior Ownership Stake: 97.5% ($109 billion total)
Other Assets: Moelis & Company equity ($20.9 billion public asset), Hermès equity (undisclosed stake), and $8.85 billion in cash
French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora.
Most of Arnault's wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.2% of LVMH.
His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.
An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979.
Arnault remained Férinel's chair for another six years, until he acquired and reorganized luxury goods maker Financière Agache in 1984, eventually selling all its holdings other than Christian Dior and Le Bon Marché.
He was invited to invest in LVMH in 1987 and became the majority shareholder, chair of the board, and CEO of the company two years later.
TOP TEN RICHEST - 2022
2. BERNARD ARNAULT
3. GAUTAM ADANI
4. JEFF BEZOS
5. BILL GATES
6. WARREN BUFFET
7. LARRY ELLISON
8. LARRY PAGE
9. MUKESH AMBANI
10. SERGEY BRIN
STORM & THE CURE FOR CANCER
this work of fiction, antagonist, Musket
Meloni is fast approaching becoming the world's first
trillionaire. He's had a brush with cancer, and is looking
for a cure, should it return and spread. When he learns that
John Storm has cured Pope
Peter Benedict, who had stage IV, advanced cancer,
having spread to lymph nodes, other organs and tissues of
his body, he was immediately interest in acquiring the
asset, in company takeover style.
Meloni had stage two cancer. It had grown, but not spread.
The treatments seemed to be keeping the disease at bay. But
for how long?