Sunday, November 8, 2009, 3:54AM ET - U.S. Markets Closed.
World's Billionaires - #13
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Bernard Arnault
France
$25.5 bil
- Arnault put up $15 million from his family's midsize construction company to buy Christian Dior in 1985.
- Since then he has built the world's largest luxury goods empire, LVMH Moët Hennessy Louis Vuitton, whose brands include Dom Perignon, Fendi and Tag Heuer.
- LVMH, which he still heads, acquired premier French financial daily Les Echos from the Pearson Group last December.
- Son Antoine, 28, and daughter Delphine, 32, sit on LVMH’s board.
- Arnault has also set up an investment fund with his good friend and fellow billionaire, Albert Frere, in 2006; the pair own two wineries together.
- Via his investment arm, Groupe Arnault, owns French tour operator Go Voyages and a stake in French retail chain Carrefour.
- Arnault often spends New Year's Eve in his four-star hotel, Le Cheval Blanc, in ski resort Courchevel, France.
- He is also said to be a skilled pianist.
Rates
See today's average rates across the country.
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Loan Type Today Last Week 30 Year Fixed 5.13% 5.16% 15 Year Fixed 4.70% 4.60% 1 Year ARM 3.98% 4.00% 30 Year Fixed Jumbo 6.06% 6.10% 5/1 ARM 4.30% 4.26% 3/1 ARM 4.75% 4.80% Source: Bankrate -
Loan Type Today Last Week $30K Home Equity Loan 8.35% 8.39% $50K Home Equity Loan 8.36% 8.41% $75K Home Equity Loan 8.39% 8.44% $30K HELOC 5.24% 5.26% $50K HELOC 4.99% 5.00% $75K HELOC 4.99% 5.00% Source: Bankrate -
Loan Type Today Last Week 36 Month New Car Loan 6.90% 6.96% 48 Month New Car Loan 7.05% 7.12% 60 Month New Car Loan 7.11% 7.18% 36 Month Used Car Loan 7.39% 7.43% 48 Month Used Car Loan 7.50% 7.51% Source: Bankrate -
Card Type Today Last Week Business Credit Cards 9.69% 9.69% Low Interest Credit Cards 11.91% 11.91% Cash Back Credit Cards 12.36% 12.36% Reward Credit Cards 12.85% 12.85% Instant Approval Credit Cards 13.32% 13.32% Balance Transfer Credit Cards 13.46% 13.46% Source: CreditCards.com
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