It's worrisome (to me, anyway) that the richest man in the world achieved that status by selling luxury goods to the rich

what could possibly go wrong?

LVMH hits 500b market value as shares hit record high

Bernard Arnault surpassed Elon Musk, Jeff Bezos as world’s richest person

Americans used to get rich building things like railroads and oil companies and locomotives. Now it’s luxury yachts and jewelry. Tesla’s are luxury cars, affordable only by the same people who buy LVMH products, but Musk transformed the electric car, to say nothing about his SpaceX project that’s completely changed the economics of rocketry, and Bezos, like him or love him, changed commerce worldwide. Arnault puts beads on purses.