World's Second Richest Man Sells Jet So People On Twitter Won't Track Him Anymore

An anonymous reader quotes a report from Gizmodo: Bernard Arnault, the CEO of luxury brand LVMH -- known for expensive labels like Louis Vuitton -- is the world's second-richest man according to Bloomberg's Billionaires Index. He currently clocks in at a net worth of $133 billion, beating out Amazon founder Jeff Bezos' paltry $130 billion. He's also been harangued on Twitter for his consistent use of private jets. French accounts that use planes' transponder signals and publicly accessible information have tracked Arnault's and other rich folks' use of private jets to reveal just how much wasteful flying time is used by the world's wealthiest. In September, the Twitter account laviodebernard (Bernard's Plane) wrote that Arnault's plane had been de-registered in France. The account wrote "The LVMH private jet has not been registered in France since September 1, 2022. Still no word from Bernard Arnault or LVMH on the subject of private jets. So Bernard, are we hiding?" Apparently, that's just what Arnault has been doing. On the LVMH-owned podcast released Monday, Arnault admitted that the LVMH group "had a plane, and we sold it." He added: "The result now is that no one can see where I go because I rent planes when I use private planes." Antoine Arnault, the second scion of the world's second richest man, a LVMH board member and director of communications for Louis Vuitton, also said during the podcast that other people knowing where their company jet is could give competitors an edge. He also told French news channel 5's a Vous last week "This plane is a work tool." As translated by Bloomberg, the younger Arnault added that the company sold the plane over the summer.

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