Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand boosted LVMH stock.

LVMH chief Bernard Arnault and Reliance Industries chairman Mukesh Ambani—the world’s fifth- and eighteenth-wealthiest people—attended President Donald Trump’s inauguration events Monday, marking a pair of surprise billionaire appearances at the event attended by a cadre of moguls worth well over $1 trillion.

WASHINGTON, DC – JANUARY 20: Guests including Mark Zuckerberg, Lauren Sanchez, Jeff Bezos, Sundar Pichai and Elon Musk attend the Inauguration of Donald J. Trump in the U.S. Capitol Rotunda on January 20, 2025 in Washington, D.C. Photo by Julia Demaree Nikhinson – Pool/Getty Images.

As the largest corporate sponsor for Paris Olympics, LVMH (LVMUY) was everywhere, from the champagne flowed in V.I.P. suites, to the clothes

Bernard Arnault, billionaire chairman and CEO of global luxury goods company LVMH; such as Louis Vuitton. Posted: January 21, 2025 | Last updated: January 21, 2025

Trump's inauguration drew several business and tech CEOs, including Jeff Bezos, Mark Zuckerberg, Elon Musk, Tim Cook, and TikTok's Shou Zi Chew.

Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■

A who's who of tech titans, business magnates, and global elites attended President Donald Trump’s 2025 inauguration, including Musk, Bezos, and Zuckerberg.

But if Trump’s second inauguration looked vastly different than the scene eight years ago, it sounded extremely familiar. The dark tone of his 2017 inaugural address, with its famous reference to “American carnage,” was reprised in his 2025 speech, which for some reason had been hyped in the run-up to today’s event as “unifying.”

Behar said the planet's five richest people — Tesla CEO Elon Musk, LVMH owner Bernard Arnault, Amazon founder Jeff Bezos, Oracle founder Larry Ellison, and investor Warren Buffett — have seen their fortunes increase by 114 percent since 2020, and the prospect of someone amassing $1,000 billion — a trillion — is now very real.

"I didn't want to get out of my seat because I didn't want to lose it," said one guest at President Trump's pre-inauguration Candlelight Dinner.

The world's richest accumulated massive wealth in 2024, which some speculate could reach even greater heights in the next few years.