Acquisition
Bernard Arnault: $15.8B moved in 2021
LVMH completed its takeover of Tiffany & Co., the biggest acquisition ever made in the luxury sector.
The figure
- Amount15,800,000,000 US dollars
- CategoryAcquisition
- CorridorParis, France → New York, United States
- Distance5.8K km apart
- Year reported2021
- Documentation confidence97/100
What that amount buys
$15.8B is roughly 211 long-range private jets, 37.6K median-priced US homes, or 196.0K years of median US household income.
Bernard Arnault is publicly known as chairman, lvmh. The arc drawn for this entry joins Paris and New York because those are the places the two sides of the deal are based — it is not the route a wire took through the banking system.
Source
Reported by Wikipedia. Read the source record →