Bernard Arnault says LVMH is not relocating following backlash over his criticism of French tax hikes

Arnault, the billionaire CEO of the luxury conglomerate, had criticized proposed French tax hikes earlier this week.

The world's 10 richest people are $500 billion wealthier this year, thanks to the AI boom

The 10 wealthiest people on the planet are jointly worth around $2.5 trillion, as AI buzz has boosted tech stocks such as Larry Ellison's Oracle.

Forget the $100 billion club — there are now 6 people worth over $200 billion

Elon Musk, Jeff Bezos, and Mark Zuckerberg are three of the six members of the world's most exclusive club: people with a $200 billion-plus net worth.