Lvmh Moet Hennessy Louis 주식 (OTC: LVMUY)

에 대한 최신 뉴스 Lvmh Moet Hennessy Louis (OTC:LVMUY) 주식

LVMH MOET HENN UNSP

LVMH is a global producer and distributor of luxury goods. It operates six segments: fashion and leather goods, its largest and oldest; watches and jewelry; wines and spirits; perfumes and cosmetics; selective retailing (including Sephora and airport duty-free retailer DFS); and other (including publishing). Higher-profile brands include Louis Vuitton, Bulgari, Fendi, Givenchy, Tag Heuer, Hennessy, Moet & Chandon, Glenmorangie, Sephora, and Benefit. LVMH operates more than 5,000 stores around the globe.

Equities

News

Markets

AMZN

LVMUY

ORCL

TSLA

월요일(20일) 발표된 새로운 옥스팜 보고서에 따르면, 10년 이내에 세계 최초의 조만장자(trillionaire: 자산 1조 달러 부자)가 될 것으로 예상되는 5명 중 테슬라(NASDAQ:TSLA) 일론 머스크 CEO가 1위를 차지했다. 이는 부의 집중이 가속화되고 있음을 의미한다.

일론 머스크, 제프 베이조스, 마크 저커버그 중 누가 최초의 &#39;조만장자&#39; 될까?

Asia

Large Cap

Mid Cap

Specialty ETFs

Econ #s

Interview

ETFs

BURBY

CFRUY

HESAY

RACE

럭셔리 시장은 중요한 전환점에 있으며, 레거시 브랜드들과 에스퍼레이셔널(aspirational) 플레이어들 간의 뚜렷한 경계가 나타나고 있다고 테마(Tema) ETFs의 CEO인 마우리츠 팟(Maurits Pot)이 전했다.

독점: 테마 ETF의 CEO는 &#34;럭셔리 시장은 &#39;중요한 전환&#39;을 겪고 있다&#34;고 주장

Management

NVDA

테슬라(NASDAQ:TSLA)의 CEO인 일론 머스크는 현재 세계에서 가장 부유한 사람이며, 테슬라 주가 하락에도 불구하고 2024년에 그의 재산이 증가하는 것을 지켜보았다. 예측 시장에서는 사람들이 머스크가 연말까지 세계에서 가장 부유한 사람으로 남을 것인지에 베팅할 수 있다.

일론 머스크, 올해 세계에서 가장 부유한 사람으로 마무리할까? 예측 시장의 대답은?

LVMH-MOET H/L/V UNSP/ADR by LVMH-Moet Hennessy Louis Vuitton

Lvmh Moet Hennessy Louis Vuitton SE

Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk tops a group of five business moguls expected to become the world's first trillionaires within a decade, highlighting the accelerating concentration of wealth, according to a new Oxfam report released Monday.
What Happened: The report, &#8220;Takers Not Makers,&#8221; shows billionaire wealth grew by $2 trillion in 2024 alone, with Musk&#8217;s net worth reaching $433.9 billion. 
Trailing Musk on Forbes&#8217; billionaire list are Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos at $239.4 billion, Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) chief Mark Zuckerberg at $211.8 billion, Oracle Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) founder Larry Ellison at $204.6 billion, and LVMH Moet Hennessy Louis&#8216; (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>) Bernard Arnault at $181.3 billion on Forbes&#8217; top list of billionaires.
The acceleration of wealth accumulation has been dramatic, with billionaire fortunes growing three times faster in 2024 compared to 2023. The report reveals that 60% of billionaire wealth comes from inheritance, monopoly power, or crony connections rather than entrepreneurship.
&#8220;The pace of wealth concentration has reached unprecedented levels,&#8221; says Chiara Putaturo, Oxfam EU tax expert. &#8220;While billionaire wealth is exploding, most of this wealth is not earned but inherited.&#8221;
Read Next: <a href="https://www.benzinga.com/markets/equities/25/01/43078622/nvidia-exec-contrasts-elon-musks-optimism-says-fully-autonomous-cars-not-close-and-wont-hit-roads-until-next-decade">Nvidia Executive Contrasts Elon Musk&#8217;s Optimism On Fully Autonomous Cars, Says Milestone Won&#8217;t Be Achieved Until Next Decade: &#8216;It&#8217;s Super Hard&#8217;</a>
Why It Matters: The findings highlight concerning market dynamics, with monopolistic control playing a significant role. Amazon commands 70% or more of online purchases in major European markets, while tech platforms&#8217; market dominance continues to grow.
This wealth expansion contrasts sharply with broader economic indicators. The World Bank reports that nearly 3.6 billion people still live below the $6.85 poverty line, a number virtually unchanged since 1990. The report suggests that without intervention, this wealth gap could continue to widen, potentially affecting market stability and economic growth.
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Image Via Shutterstock 
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Elon Musk, Jeff Bezos, Mark Zuckerberg Among Those In Race To Become First Trillionaires, Oxfam Warns Of Growing Wealth Inequality

The <a href="https://europeancapitalinsights.substack.com/p/us-dollar-drops-on-report-of-trump?r=3nmatg" target="_blank" rel="noreferrer noopener nofollow">US dollar has had a volatile start </a>to the week, sparked by a report that President-elect Donald Trump's tariff plan may shift. 
The US dollar index fell 0.8% to 108.1 on Monday, then pared losses after Trump denied a Washington Post <a href="https://www.washingtonpost.com/business/2025/01/06/trump-tariff-economy-trade/" target="_blank" rel="noreferrer noopener nofollow">report</a>. The newspaper <a href="https://www.washingtonpost.com/business/2025/01/06/trump-tariff-economy-trade/" target="_blank" rel="noreferrer noopener">reported </a>that Trump may scale back his plans for widespread tariffs when he returns to the White House on January 20.
<img loading="lazy" decoding="async" width="624" height="432" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd_RGvHuitxxEnhHBiJrmZ-kncDNXMvANjtEtMWQDLP3OfXPKdyryWrQ7eDEc-MlPxPSvrEiO9wxwvjUaA-3i_ErL0ctVqYGChWPYYM5ge_Y3G2Ec3YEVRcEdH5BEeCib4Oxc0SkQ?key=8BnLmCWTfgOqaBXXQhelQTxZ" />
US Dollar Index, Monday, January 6 Session, Source: <a href="https://tradingeconomics.com/united-states/currency">Trading Economics</a>
Citing people familiar with the matter, the newspaper reported that Trump's aides are exploring tariff plans that would be applied to every country but only cover critical imports. This would mark a significant shift from his presidential campaign plans.
Trump, though, denied the newspaper's reporting on <a href="https://truthsocial.com/@realDonaldTrump#:~:text=The%20story%20in%20the%20Washington%20Post%2C%20quoting%20so%2Dcalled%20anonymous%20sources%2C%20which%20don%27t%20exist%2C%20incorrectly%20states%20that%20my%20tariff%20policy%20will%20be%20pared%20back.%20That%20is%20wrong.%20The%20Washington%20Post%20knows%20it%27s%20wrong.%20It%27s%20just%20another%20example%20of%20Fake%20News" target="_blank" rel="noreferrer noopener">Truth Social</a>. 
"The story in the Washington Post, quoting so-called anonymous sources, which don&#8217;t exist, incorrectly states that my tariff policy will be pared back," he wrote on his social media platform. "The Washington Post knows it&#8217;s wrong. It&#8217;s just another example of Fake News."&nbsp;&nbsp;
<h2 class="wp-block-heading">US Dollar Reacts to Trump Tariff Plans</h2>
The reporting fueled uncertainty about one of Trump's key policy proposals. In response, the dollar declined sharply against most major currencies.
The Bloomberg Dollar Spot Index (BBDXY), which measures the value of the US dollar relative to other major global currencies, ended the session 0.6% lower on Monday. After the publication of the Washington Post article, the index lost 1%, marking the largest <a href="https://www.bloomberg.com/news/articles/2025-01-06/dollar-falls-most-in-two-months-on-report-trump-to-limit-tariffs" target="_blank" rel="noreferrer noopener">intraday drop since 2023</a>. 
Meanwhile, <a href="https://www.bloomberg.com/news/articles/2025-01-06/dollar-falls-most-in-two-months-on-report-trump-to-limit-tariffs" target="_blank" rel="noreferrer noopener">the euro gained 1.3%</a> the same day against the US dollar (EUR/USD), the common currency's largest intraday gain in 14 months. The British pound (GBP/USD rose as much as 1%.
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="832" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-2.png" alt="" class="wp-image-4571" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-2.png 1200w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-2-300x208.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-2-1024x710.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-2-768x532.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure>
US Dollar Index vs. EURUSD vs. GBPUSD, Monday, January 6 Session, Source: <a href="https://tradingeconomics.com/united-states/currency">Trading Economics</a>
The initial loss in the dollar was "an outsized reaction to an unverified report, but it does show the direction of travel,"Kathleen Brooks, the director of research at XTB, told Bloomberg. "We've had a large buildup of dollar longs and they are at risk of a turnaround."
<h2 class="wp-block-heading">Trump Tariff Plans Go Back to 2024</h2>
During his 2024 presidential campaign, Trump vowed to<a href="https://www.piie.com/blogs/realtime-economics/2024/no-trade-tax-free-trumps-promised-tariffs-will-hit-large-flows" target="_blank" rel="noreferrer noopener"> impose 10-20% tariffs</a> on all imported goods, with tariffs as high as 60% on Chinese products. After his election win in November, he threatened to impose additional tariffs of 10% on Chinese goods and 25% on all imports from Mexico and Canada.
With Trump's aim to raise US revenues, he will likely go ahead with some of his tariff plans. He may threaten to use them until he gains the upper hand in trade negotiations.
"Members of Congress are getting to work on one powerful Bill that will bring our Country back," Trump said. "It will all be made up with tariffs, and much more, from countries that have taken advantage of the US."&nbsp;&nbsp;
A Bloomberg Economics <a href="https://www.bloomberg.com/news/articles/2025-01-06/trump-keeps-keeps-his-negotiating-powder-dry-with-tariff-turmoil" target="_blank" rel="noreferrer noopener nofollow">study</a> suggests that higher tariffs could lead to increased inflation and a decline in US GDP. By 2028, US GDP could shrink by 0.8% if only China retaliates. If other countries impose tariffs, US economic growth could slow to 1.3%. 
Trump&#8217;s tariff could hurt global economic growth and drive up consumer prices, particularly if other governments retaliate.
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="768" height="791" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171617/image.png" alt="" class="wp-image-4569" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171617/image.png 768w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171617/image-291x300.png 291w" sizes="(max-width: 768px) 100vw, 768px" /></figure>
Trump's Tariff Increases to Impact Poorest Americans, Source: <a href="https://itep.org/trump-tariffs-tax-increase-impact/">ITEP</a>
<h2 class="wp-block-heading">Trump Tariff Plans Target Critical Sectors</h2>
The dollar had strengthened amid expectations that Trump will impose tariffs on the US&#8217;s major trading partners. This <a href="https://europeancapitalinsights.substack.com/p/dovish-ecb-drives-7-eurusd-drop-in?r=3nmatg" target="_blank" rel="noreferrer noopener">put pressure</a> on other currencies. 
However, the dollar could weaken from a tariff program focused solely on sectors deemed critical to national or economic security. This would have a lesser effect on the global economy and US inflation than a broader tariff approach.
According to The Washington Post, it remains unclear which imports or industries might be targeted by tariffs. However, preliminary discussions have centered on sectors considered vital to national or economic security.&nbsp;
These could include the defense industrial supply chain, critical medical supplies, and energy production.
<figure class="wp-block-image"><img loading="lazy" decoding="async" width="1200" height="768" src="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-1.png" alt="" class="wp-image-4570" srcset="https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-1.png 1200w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-1-300x192.png 300w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-1-1024x655.png 1024w,https://contributor-assets.benzinga.com/wp-content/uploads/2025/01/09171618/image-1-768x492.png 768w" sizes="(max-width: 1200px) 100vw, 1200px" /></figure>
Critical Sector Tariffs Forecast to Weigh on Dollar, Source: <a href="https://www.corpay.com/resources/market-analysis/market-brief-potential-dilution-in-trump-tariff-plans-pummels-dollar">Corpay</a>
The uncertainty of Trump tariffs and whether his administration will target Europe's auto sector led to a near 3% surge in the Euro Stoxx Automobiles &amp; Parts <a href="https://stoxx.com/index/sxagt/">index</a>. Europe&#8217;s <a href="https://stoxx.com/index/sxxp/">STOXX 600</a> closed 0.9% higher alongside France&#8217;s <a href="https://www.marketwatch.com/investing/index/px1?countrycode=fr">CAC 40</a>, up 2.2%, and Germany&#8217;s <a href="https://stoxx.com/index/dax/">DAX</a> up 1.5%.
Some of Europe's major luxury brands also gained from the optimism of more selective tariffs. LVMH (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), Hermes (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HESAY#OTC">HESAY</a>), and Kering (OTC:<a class="ticker" href="https://www.benzinga.com/stock/PPRUY#OTC">PPRUY</a>) all rose over 2%.
European markets overall closed higher on January 6, driven by investor optimism that US tariffs might be less severe than initially feared. However, speculation surrounding the incoming administration&#8217;s agenda will likely be accompanied by heightened market volatility.
Disclaimer:
Any opinions expressed in this article are not to be considered investment advice and are solely those of the authors. European Capital Insights is not responsible for any financial decisions made based on the contents of this article. Readers may use this article for information and educational purposes only.
This article is from an unpaid external contributor. It does not represent Benzinga&#8217;s reporting and has not been edited for content&nbsp;or&nbsp;accuracy.

Eurozone

PPRUY

US Dollar Drops on Report of Trump Tariff Plan Shift

The French government collapsed on Wednesday following a successful no-confidence vote, throwing France, the eurozone&#8217;s second-largest economy,<a href="https://www.cnbc.com/2024/12/04/french-government-toppled-in-no-confidence-vote-brought-by-opposition.html"> into political turmoil.</a>&nbsp;
The Details: The motion passed with 331 votes, far exceeding the required 288, as lawmakers from both the leftist New Popular Front (NFP) alliance and the far-right National Rally (RN) united in opposition.&nbsp;
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The historic vote was triggered after Prime Minister Michel Barnier used special constitutional powers to force a social security budget bill through Parliament without a vote.
Barnier, who had been in office for just three months, will now have to resign, marking the shortest tenure for a prime minister in France&#8217;s Fifth Republic.
Why It Matters: The government&#8217;s fall complicates France&#8217;s efforts to address its budget deficit and implement planned spending cuts and tax increases.&nbsp;
French President Emmanuel Macron must face the challenge of appointing a new prime minister, with the political landscape remaining divided until the next possible legislative elections in summer 2025.&nbsp;
Barnier is expected to resign immediately and Macron is supposed to ask him to continue as a &#8220;caretaker&#8221; prime minister while looking for a replacement. 
Investors can monitor the market's reaction to the political turmoil through the iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>) which provides targeted exposure to the French economy. The ETF's top holdings include LVMH Moet Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) and Schneider Electric SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SBGSY#OTC">SBGSY</a>).&nbsp;
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</ul>
Photo: Shutterstock

Government

Politics

Global

LVMHF

SBGSY

French Government Collapses After Vote Of No Confidence

French Prime Minister Michel Barnier faces a critical vote of no confidence tomorrow (Dec. 4) after invoking Article 49.3 to pass a controversial 2025 austerity budget <a href="https://www.benzinga.com/topic/france">without parliamentary approval</a>.
The move, designed to address France's soaring deficit with $42 billion in spending cuts and $21 billion in tax hikes, has polarized the fractured National Assembly. Marine Le Pen's National Rally and the leftist New Popular Front have united in opposition, calling for Barnier's ouster. In on interview on TV today, Barnier warned that if the motion succeeds, millions of French citizens could face economic instability, including rising interest rates and tax hikes, <a href="https://www.theguardian.com/world/live/2024/dec/03/france-no-confidence-motion-government-budget-michel-barnier-latest-updates">per</a> the Guardian.
A failure to secure support would result in Barnier's government being the shortest-lived in modern French history, he only took office in September, further destabilizing the eurozone. President Emmanuel Macron would then need to appoint a new prime minister to navigate the <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">deeply divided parliament</a>.
France has often been a volatile market for foreign companies, but its size, manpower, favorable geographical position, and pole position in global tourism have made it a lucrative economy.
The following publicly listed companies have exposure to the French economy.
McDonald's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>) has been operating in France since 1972. Since then, it has grown into a network of 1,485 restaurants — the most in Europe — generating billions in revenue. However, the franchise got caught evading taxes after a trade union asked the company to raise wages and introduce profit-sharing bonuses. Eventually, the firm <a href="https://drupal-cloudfront.benzinga.com/news/22/06/27724606/mcdonalds-agrees-to-settle-french-tax-case-for-1-3b-wsj">paid a $1.3 billion fine</a>.
Walt Disney Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) opened its resort in Paris in 1992, growing it into one of the top attractions in Europe. Around 16.1 million tourists visited the park in 2023, generating $343 million in profits. The park is the largest single-site employer in the country, with 17,000 workers — making it prone to strikes that last occurred in 2023. Despite its popularity, the park has been a problematic part of Disney's portfolio and is often a drain on its resources.
IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) has a long-standing relationship with France as one of the IT pioneers that expanded overseas seeking foreign talent.  Nowadays, IBM has over 7,000 employees in the country, working on technology services, cloud computing, AI and digital transformation solutions for businesses.
Carmaker Stellantis NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) has a vital presence in the country, owing to its origins in the French PSA Group. It is the fourth largest automotive firm by sales, managing established brands like Citroen, Peugeot and DS Automobiles. Stellantis currently has five operating factories in different regions, producing at least 14 different models.
For investors monitoring broad exposure to domestically incorporated French companies there is iShares MSCI France ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>). It holds 60 largest French companies, including market leaders such as LVMH Moet Hennessy Louis Vuitton SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), Schneider Electric, TotalEnergies SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TTE#NYSE">TTE</a>) and Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>).
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Photo: Shutterstock

European Aeronautic Defence And Space Unsponsored

EADSY

STLA

Key Stocks, ETF To Watch As French Government Faces No-Confidence Vote

The luxury market is at a critical turning point, with a clear divide emerging between legacy brands and aspirational players, according to Maurits Pot, <a href="https://www.benzinga.com/general/biotech/24/07/39656549/exclusive-glp-1-weight-loss-drugs-could-become-a-trillion-dollar-market-predicts-tema-etfs-ceo">CEO of Tema ETFs</a>.
In an exclusive interview with Benzinga, Pot emphasized that high-end brands like Hermès International SA (OTCPK: HESAY) and Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) — supported by loyal, affluent clients — are set to outperform, while more aspirational names such as LVMH-Moët Hennessy Louis Vuitton (OTCPK: LVMUY) and Burberry Group plc (OTCPK: BURBY) face greater vulnerability due to shifting consumer behavior and economic slowdowns in key markets like China and Europe.
&#8220;Luxury is going for a turnaround, and we're seeing a greater differentiation between true luxury and aspirational brands,&#8221; Pot said. 
With a number of companies underperforming — particularly LVMH, which recently reported disappointing results — Pot highlighted that these outcomes aren&#8217;t surprising given macroeconomic headwinds.
Pot stressed that investors should now focus on a clear divide between high-end brands and those catering to more discretionary spending.
<h3 class="wp-block-heading">China&#8217;s Stimulus Won't Save Luxury Outlook</h3>
When discussing the impact of Chinese fiscal stimulus, Pot expressed skepticism. He indicated that while there was initial excitement around potential boosts for the market, the real beneficiaries of government spending are likely to be industries more central to China&#8217;s economic priorities.
&#8220;I think the luxury sector got a premature boost from the China stimulus,&#8221; Pot said, &#8220;but ultimately not a boost that is really warranted.&#8221; 
He stressed that the Chinese government will likely prioritize domestic consumption over high-end international luxury, raising doubts about a meaningful rebound in Chinese-driven demand.
<h3 class="wp-block-heading">India: The Next Growth Driver For Luxury?</h3>
Another pressing topic was whether India could fill the gap left by slowing Chinese demand. Pot hinted that India's emerging middle class and growing economic power could be the next growth story.
&#8220;As China slows, does Indian luxury demand replace waning Chinese demand? That's a key question for 2025,&#8221; Pot added, pointing to India&#8217;s growing presence in the luxury space, with brands like Dior investing heavily in the market.
&#8220;2024 will likely be a tough year for the luxury sector,&#8221; Pot stated, &#8220;but I think there&#8217;s reason to believe that 2025 could look better, especially if India continues to emerge as a key luxury market,&#8221; he added.
<h3 class="wp-block-heading">Tariffs And The U.S. Election: Potential Impacts On Luxury</h3>
Looking ahead to the U.S. elections, Pot shared his thoughts on tariffs and their potential impact on luxury. While tariffs haven't directly targeted luxury goods yet, he noted the possibility of indirect consequences, especially for industrial goods like cars. 
&#8220;I think tariffs are going to focus on industrial output before consumer goods, but luxury could get caught up in it eventually,&#8221; he added.
<h3 class="wp-block-heading">Holding Cash For Dip-Buying Opportunities</h3>
Pot also shared insights into how Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) is positioned to weather the luxury sector shifts. 
&#8220;Nearly 20% of the portfolio is in cash,&#8221; he revealed, explaining that the fund remains cautious, particularly toward discretionary luxury, which has been hit harder than high-end, timeless brands like Ferrari, Hermès, and Compagnie Financiere Richemont SA (OTCPK: CFRUY). 
&#8220;We&#8217;re overweight on really high-end luxury, and underweight on more discretionary luxury,&#8221; he said.
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">Strong September Retail Sales Put Fed&#8217;s Next Move In Doubt: Interest Rate Cuts Are &#8216;Not A Slam Dunk&#8217;</a></li>
</ul>
Image: Shutterstock

EXCLUSIVE: Luxury Is 'Going For A Critical Turnaround,' Tema ETF CEO Says

<a href="https://www.wsj.com/business/retail/louis-vuitton-owner-lvmh-misses-revenue-expectations-63575f3d?mod=latest_headlines" title="https://www.wsj.com/business/retail/louis-vuitton-owner-lvmh-misses-revenue-expectations-63575f3d?mod=latest_headlines">https://www.wsj.com/business/retail/louis-vuitton-owner-lvmh-misses-revenue-expectations-63575f3d?mod=latest_headlines</a>

Earnings

LVMH 9M Organic Growth 6%; 9M Revenue €60.8 Billion; Q3 Revenue Of €19.08B Vs €20.33B Est; Organic Revenue Down -3% Vs +2% Est; Fashion And Leather Goods Revenue At €9.15B Vs €9.82B Est; Organic Revenue For Fashion And Leather Goods Declines -5% Vs +4% Est

Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk is the world's richest person and has watched his wealth climb in 2024 despite the price of <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41295072/tesla-robotaxi-day-event-more-fanfare-than-substance-8-analysts-on-cybercab-optimus">Tesla stock falling.</a>
A prediction market allows bettors to wager on if Musk will remain the world's richest man at the end of the year.
What Happened: The title of the world's richest man has changed hands several times over the last years, with Musk the <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday">most frequent billionaire</a> to top the list.
Musk <a href="https://www.benzinga.com/news/23/05/32660098/musk-back-on-top-tesla-and-twitter-ceo-overtakes-arnault-as-worlds-richest-person-but-just-barely">regained the title </a>last year from LVMH (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>) CEO Bernard Arnault who had held the title. Musk also briefly <a href="https://www.benzinga.com/news/24/03/37473160/jeff-bezos-overtakes-elon-musk-reclaims-worlds-richest-person-title-as-wealth-soars-to-200b">lost the title </a>earlier this year to Amazon.com (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) founder Jeff Bezos.
The current richest people in the world list looks like this, as reported by <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">Bloomberg</a>, with their year-to-date change in parentheses:
<ol>
<li>Elon Musk: $255 billion (+$25.7 billion)</li>
<li>Jeff Bezos: $210 billion (+$32.7 billion)</li>
<li>Mark Zuckerberg: $207 billion (+$78.5 billion)</li>
<li>Bernard Arnault: $190 billion (-$17.3 billion)</li>
</ol>
The list also includes NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang at 11th with a wealth of $118 billion. Huang's year-to-date gain of $73.8 billion trails only Zuckerberg for best 2024 performance.
Oracle Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>) co-founder and Chief Technology Officer Larry Ellison has also been listed in the top five richest people and <a href="https://www.benzinga.com/startups/24/09/40922366/oracles-larry-ellison-briefly-became-wealthier-than-jeff-bezos-heres-how-his-fortune-outpaced-amazon">even passed Bezos </a>for second place briefly last month.
A prediction market on Kalshi allows people to bet on who will be the richest person at the end of 2024. Here are the current <a href="https://kalshi.com/markets/wealthy/wealthiest-person-in-world">odds</a>:
<ul>
<li>Elon Musk: 82%</li>
<li>Larry Ellison: 11%</li>
<li>Mark Zuckerberg: 10%</li>
<li>Jeff Bezos: 6%</li>
<li>Bernard Arnault and Family: 2%</li>
<li>Jensen Huang: 2%</li>
</ul>
The odds favor Musk by a significant margin to retain the title, which comes with Tesla shares down 10% in 2024.
Significant gains for Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) and Oracle have helped move Zuckerberg and Ellison respectively up the list and likely are why their odds are higher than Bezos and other names that often come close to topping Musk.
You may not be a billionaire like Elon Musk, but you can uncover hidden gems in the stock market using our proprietary data and pattern recognition — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">check out five stocks flying under the radar that deserve your attention.</a>
Why It's Important: Kalshi is one of several prediction markets that have been allowing wagers on financial outcomes and also elections. The company recently <a href="https://www.benzinga.com/news/24/09/40760283/betting-on-u-s-elections-federal-judges-decision-greenlights-political-wagers">resumed accepting bets </a>on the 2024 election after a federal appeals court lifted a prior ban that came as the Commodity Futures Trading Commission (CFTC) contested the markets.
The Kalshi market for the world's richest person in the world has over $72,000 in wagers, which may pale in comparison to some election prediction markets.
A title of richest man in the world has been something often talked about and a title that for many marks accomplishment and success of the companies they founded or helped run.
The 10 richest people in the world at the end of 2023 <a href="https://www.benzinga.com/general/education/24/01/36454392/worlds-top-10-richest-people-gained-more-wealth-in-2023-than-walmarts-total-value-how-elon-musk">were worth $1.47 trillion</a>, adding $465.4 billion to their wealth, more than the valuation of retail giant Walmart at the time.
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</ul>

Elon Musk To End Year As Richest Man In The World? Prediction Market Says Yes, Higher Chance Than Larry Ellison Or Jensen Huang

<a href="https://www.wsj.com/business/retail/lvmh-took-over-the-paris-olympics-now-its-snagged-formula-one-b570c0f4?mod=latest_headlines">https://www.wsj.com/business/retail/lvmh-took-over-the-paris-olympics-now-its-snagged-formula-one-b570c0f4?mod=latest_headlines</a>
PARIS—For just over a month this summer, the <a href="https://www.wsj.com/market-data/quotes/FR/XPAR/MC">LVMH</a> <a href="https://www.wsj.com/market-data/quotes/FR/XPAR/MC">MC 0.48%increase; green up pointing triangle</a> luxury empire turned the Paris Olympics and Paralympics into one long exercise in product placement. As the roughly 150-million-euro sponsor of the Games, the company made sure it was everywhere, from an eye-popping cameo of Louis Vuitton trunks in the Opening Ceremony to the Chaumet-manufactured medals around athletes' necks.
Now LVMH has its next target in sports. Starting next year, the company led by luxury titan Bernard Arnault will leap on the global resurgence of Formula One with a 10-year sponsorship deal that will put LVMH brands front and center of motor racing's premier traveling circus.&nbsp;

Contracts

FWONA

FWONK

'LVMH Took Over the Paris Olympics. Now It's Snagged Formula One; From Louis Vuitton trophy cases to Moët & Chandon on the podium, Bernard Arnault's luxury conglomerate pulls out the stops in a sign of F1's global ascendence'- WSJ

Asset Sales

LVMH Announces That It Has Sold Off-White LLC, Company Which Owns Off-White Brand, To Bluestar Alliance; Terms Of The Transaction Are Not Being Disclosed

Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), has seen his net worth drop by $54 billion, moving him from the world&#8217;s richest person to nearly fifth place.
What Happened: Arnault&#8217;s fortune peaked at $231 billion in March, placing him ahead of Elon Musk and Jeff Bezos on the Bloomberg Billionaires Index. However, his net worth has since fallen to $177 billion as of Wednesday&#8217;s close.
This significant drop makes Arnault the biggest wealth loser among the top 500 individuals on Bloomberg&#8217;s list, with a $30 billion decrease this year alone. He is now only $1 billion ahead of Larry Ellison, co-founder of Oracle.
Forbes&#8217; rankings also reflect this decline, showing Arnault&#8217;s net worth at $175 billion, placing him behind Musk, Bezos, Ellison, and Mark Zuckerberg.
The decline in Arnault&#8217;s wealth is largely due to a 16% drop in LVMH&#8217;s stock price, which has hit its lowest level in two years. The company has faced challenges, including a mere 2% increase in underlying revenues and an 8% drop in income from recurring operations in the first half of the year.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40989179/meta-connect-2024-preview-cheaper-vr-expected-analysts-see-augmented-reality-and-ai">Meta Connect 2024 Preview: Cheaper VR Expected, Analysts See Augmented Reality And AI As Major Focus</a>
Why It Matters: The dramatic decline in Arnault&#8217;s net worth underscores the volatility in the luxury goods market. This comes after a series of strategic moves by Arnault and LVMH to navigate market challenges. In August, Arnault invested <a href="https://www.benzinga.com/news/24/08/40480056/king-of-luxury-bernard-arnault-goes-ai-shopping-channelling-over-300m-in-ai-startups-as-lvmh-navigat">over $300 million in artificial intelligence startups</a> through his family office, Aglaé Ventures.
Earlier this year, Arnault&#8217;s son set his sights on <a href="https://www.benzinga.com/markets/equities/24/02/36927006/bernard-arnaults-son-sets-sights-on-30b-watch-market-with-high-end-reinvented-pieces-after-lvmh-">the $30 billion luxury watch market</a>, launching a new division within LVMH to capture a larger share of this lucrative sector. The company&#8217;s jewelry and watch division recorded sales of $11.8 billion in 2023, representing a 7% organic growth, according to IMARC Group.
Additionally, Arnault has been involved in high-profile discussions with industry leaders like Musk. In July, Arnault revealed that he and Musk once discussed a potential collaboration between SpaceX and Louis Vuitton, highlighting the <a href="https://www.benzinga.com/news/24/07/39997764/elon-musk-bernard-arnault-once-discussed-potential-spacex-louis-vuitton-collab-im-afraid-he-will-ask">innovative approaches that he considers</a>.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Musk, Bezos, Ellison, And Zuckerberg Skip Ahead Of Bernard Arnault In Billionaire Rankings After LVMH CEO's Wealth Takes A $54B Dip: What Happened?

Becoming a billionaire is a milestone in life that if often associated with company founders, athletes and entertainment icons. Often times, becoming a billionaire happens late into a career or during a second or third act, with the milestone sometimes leading to becoming among the<a href="https://www.benzinga.com/topic/bloomberg-billionaires-index"> richest people in the world. </a>
Here's a look at what age and how long it took some of the most famous billionaires to reach the impressive milestone.
What Happened:&nbsp;The world's richest person is Tesla Inc CEO&nbsp;Elon Musk, but his success didn't happen overnight. Musk reached billionaire status at the age of 41 and is&nbsp;<a href="https://www.benzinga.com/news/24/08/40437323/elon-musk-is-the-richest-person-in-the-world-how-much-does-he-pay-employees-at-tesla-spacex-and-x" target="_blank" rel="noreferrer noopener">now worth an estimated $244 billion</a><a href="https://www.benzinga.com/news/23/02/31078069/elon-musk-is-once-again-the-richest-person-in-the-world" target="_blank" rel="noreferrer noopener">.</a>
The ages of billionaires around the world have a wide range with some aged 19 making the list and others in their 90s.
A recent list&nbsp;from Twitter account&nbsp;Andrew Lokenauth&nbsp;<a href="https://twitter.com/FluentInFinance/status/1663029957168168963" target="_blank" rel="noreferrer noopener">highlighted&nbsp;</a>the ages it took some of the world's most prominent people to reach billionaire status.
Mark Zuckerberg&nbsp;(23): Facebook founder Zuckerberg is currently&nbsp;<a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD" target="_blank" rel="noreferrer noopener">worth&nbsp;</a>$188 billion, ranking as the fourth richest person in the world. As one of the co-founders of Facebook, now known as&nbsp;Meta Platforms Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Zuckerberg became a billionaire when the company soared in valuation&nbsp;<a href="https://www.benzinga.com/news/21/10/23381351/5-things-you-might-not-know-about-facebooks-mark-zuckerberg-1" target="_blank" rel="noreferrer noopener">prior to its IPO</a>.
In 2007, Zuckerberg became the youngest self-made billionaire at the time. Meta Platforms went public in 2012 leading to an increased wealth for Zuckerberg.
Bill Gates&nbsp;(31): One of the founders of&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), Gates has been a billionaire for decades as the technology giant is one of the highest-valued companies in the world. In fact, Gates became the youngest-ever billionaire back in 1987 at the age of 31.
Tiger Woods&nbsp;(33): Golf legend Woods became only the&nbsp;<a href="https://www.benzinga.com/news/22/08/28441766/tiger-woods-becomes-latest-sports-billionaire-the-only-two-other-athletes-to-ever-join-the-10-digit-2" target="_blank" rel="noreferrer noopener">second athlete to ever be worth&nbsp;</a>$1 billion by&nbsp;<a href="https://www.forbes.com/profile/tiger-woods/?sh=603b66392593" target="_blank" rel="noreferrer noopener">Forbes&nbsp;</a>with the honor named in 2022. Woods has won more than&nbsp;$120 million in prize money while on the PGA Tour.
To hit billionaire status, Woods has seen his wealth gain over the years thanks to endorsement deals, including one signed with&nbsp;Nike Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>). Woods <a href="https://www.benzinga.com/general/sports-betting/23/12/36286512/tiger-woods-nike-breakup-near-how-the-stock-performed-over-their-30-year-affiliation">ended his partnership</a> with Nike in early 2024 to launch a new apparel deal with TaylorMade for his new Sun Day Red brand. 
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Rihanna&nbsp;(34): Singer and entrepreneur Rihanna&nbsp;<a href="https://www.benzinga.com/news/21/08/22334144/rihanna-becomes-a-billionaire-heres-how-she-did-it" target="_blank" rel="noreferrer noopener">became a billionaire&nbsp;</a>officially in 2021 with Forbes estimating her wealth at $1.7 billion.
Rihanna is the co-founder of Fenty, which is a collaboration with&nbsp;LVMH Moet Hennessy Louis Vuitton SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>)(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>). Rihanna's 50% stake in Fenty along with a stake in lingerie company Savage x Fenty has helped Rihanna's wealth soar above $1 billion.
Forbes currently estimates Rihanna is worth $1.4 billion.
Jeff Bezos&nbsp;(35): Founded as an online bookstore in 1994,&nbsp;Amazon.com, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) is now one of the world&#8217;s most valuable companies. 
The company went public in 1997 and has soared in value, leading to Bezos being one of the richest people in the world. In 2020, Bezos became the first person in the world with a wealth of $200 billion.
Bloomberg currently lists Bezos with a wealth of $200 billion, ranking third in the world.
Mark Cuban&nbsp;(40): Entrepreneur and NBA team owner Mark Cuban sold his software consulting firm MicroSolutions at the age of 32 and made a $2 million profit. In 1999, Cuban<a href="https://www.benzinga.com/general/education/22/04/20446634/this-day-in-market-history-mark-cuban-sells-broadcast-com-to-yahoo" target="_blank" rel="noreferrer noopener">&nbsp;sold audio company Broadcast.com&nbsp;</a>to Yahoo! for $5.7 billion.
Today, Cuban is working to<a href="https://www.benzinga.com/news/23/06/32674033/mark-cuban-helping-lower-cost-of-bestselling-humira-with-cost-plus-drug-company-the-game-just-change" target="_blank" rel="noreferrer noopener">&nbsp;improve the high cost</a>&nbsp;of health care and prescription drugs for consumers, alongside<a href="https://www.benzinga.com/news/22/07/28225223/mark-cuban-shares-worst-shark-tank-investment-and-one-that-had-a-surprising-return-thanks-to-a-buyou-1" target="_blank" rel="noreferrer noopener">&nbsp;investing in new companies&nbsp;</a>on "Shark Tank" and on his own.
Elon Musk&nbsp;(41): Many may be surprised to learn that the world's richest person didn't become a billionaire until the age of 41.
Tesla Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) <a href="https://www.benzinga.com/general/education/23/04/31815434/if-you-invested-1-000-in-tesla-stock-at-ipo-heres-how-much-youd-have-today" target="_blank" rel="noreferrer noopener">went public in 2010&nbsp;</a>and has seen its stock soar in valuation over the last 13 years.
Musk first cracked the Forbes Billionaires list in 2012 with a wealth of $2 billion. Known best as the CEO of Tesla and SpaceX, Musk added ownership of Twitter to his portfolio in 2022.
Musk is now worth an estimated $195 billion. With Tesla stock at all-time highs in 2021, Musk was&nbsp;<a href="https://www.benzinga.com/news/21/10/23674654/elon-musks-wealth-has-increased-so-much-he-could-buy-every-mlb-nba-nfl-and-nhl-team" target="_blank" rel="noreferrer noopener">worth more than the valuation</a>&nbsp;of every MLB, NBA, NFL and NHL team combined.
Oprah Winfrey&nbsp;(49): Known best as the queen of talk shows, Winfrey's show ran on television for 25 years. Winfrey has launched her own production company,&nbsp;Harpo Productions, and a cable channel called OWN, which was sold to Warner Bros. Discovery.
Winfrey enjoys a wealth of $2.5 billion according to Forbes and ranks as one of the richest self-made female billionaires.
Jay-Z,&nbsp;aka&nbsp;Shawn Carter&nbsp;(50): In 2019, Jay-Z was named the first hip-hop billionaire by Forbes.
In the last several years, Jay-Z's wealth has soared thanks to deals done by liquor brands he founded that he has sold stakes to beverage giants. Forbes lists the wealth of Jay-Z at $2.5 billion.
Michael Jordan&nbsp;(51): One of the greatest athletes of all time, Michael Jordan made millions playing the game of basketball.
Perhaps equally or more impressive, Jordan has thrived off the court with endorsement deals and team ownership to become the first athlete worth $1 billion. Jordan made $90 million during his time playing in the NBA.
Outside of basketball, Jordan has made billions in endorsements from companies such as&nbsp;Nike, Gatorade and Hanes.
The story of Jordan signing with Nike was even&nbsp;<a href="https://www.benzinga.com/general/entertainment/22/04/26717699/amazon-teams-up-with-ben-affleck-and-matt-damon-for-movie-about-a-historic-sports-endorseme" target="_blank" rel="noreferrer noopener">turned into a major motion picture,</a>&nbsp;highlighting the unique royalty-heavy deal he signed as a rookie.
Warren Buffett&nbsp;(56): Now 92 years old, Buffett is one of the oldest billionaires in the world with a wealth of $143 billion according to Bloomberg.
Known as the "Oracle of Omaha," Buffett is considered by many to be one of the greatest investors of all time. The&nbsp;Berkshire Hathaway&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) CEO didn't become a billionaire until the age of 56 and has been known to be a patient long-term approached investor, which also parallels his wealth.
In 2000,<a href="https://www.benzinga.com/general/movers-shakers/21/08/17298128/warren-buffett-turns-91-a-highlight-for-each-decade-of-his-life" target="_blank" rel="noreferrer noopener">&nbsp;Buffett became the richest person</a>&nbsp;in the world at $62 billion, knocking Gates off the top of the leaderboard after 13 consecutive years.
This article was previously published by Benzinga and has been updated.
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Image created using artificial intelligence via Midjourney.

Entertainment

Education

Sports

MSFT

Mark Cuban, Bill Gates, Elon Musk, Mark Zuckerberg, Michael Jordan, Rihanna: The Ages When 11 Famous Billionaires Reached The Milestone

The discovery of a fist-sized diamond in Botswana was announced on Wednesday by Canadian mining company Lucara Diamond Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LUCRF#OTC">LUCRF</a>).
At 2,492-carats, the stone is likely the second-largest gem-quality diamond ever uncovered. It was found at the Karowe diamond mine, which is owned by the company.
Weighing over 1 pound, the newly found diamond has not yet been given a name. Naming large stones is a traditional practice for exceptionally valuable finds. It was unveiled on Thursday at Botswana President Mokgweetsi Masisi's office, ABC News <a href="https://abcnews.go.com/International/wireStory/botswana-huge-2492-carat-diamond-uncovered-mine-113052516">reported</a>.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="800" height="542" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22142719/diamond-lucara.jpg" alt="" class="wp-image-509432" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22142719/diamond-lucara.jpg 800w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22142719/diamond-lucara-300x203.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22142719/diamond-lucara-768x520.jpg 768w" sizes="(max-width: 800px) 100vw, 800px" /></figure>
Photo courtesy of Lucara.
Botswana is the second-largest producer of diamond stones after Russia.
The value of the stone will depend on whether it can be cut into smaller, pure pieces. A diamond half the size called "Lesedi La Rona," found in the same mine in 2017, was sold to a British jeweler for $53 million.
Also read: <a href="https://www.benzinga.com/markets/equities/24/08/40469009/a-bar-of-pure-gold-is-now-worth-1-million-what-can-it-buy-you">A Bar Of Pure Gold Is Now Worth $1 Million: What Can It Buy You?</a>
The discovery, the company said, is a result of the use of "cutting-edge" X-ray transmission technology which allows the mine to identify large stones without the need to break them from the excess rock material.
"The ability to recover such a massive, high-quality stone intact demonstrates the effectiveness of our approach to diamond recovery and our commitment to maximizing value for our shareholders and stakeholders," said President and CEO William Lamb.
This has allowed Lucara to find at least five other diamonds of above 1000 carats since 2019 in the same mine, including 1758 carat "Sewelô," which was sold to Louis Vuitton for an undisclosed amount. Louis Vuitton is owned by luxury and fashion giant LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>).
The largest gem-quality diamond ever found, of 3,106 carats, was unearthed in neighboring South Africa in 1905 and was named the "Cullinan Diamond" in honor of the mine's owner Thomas Cullinan. It was gifted to British King Edward VII in 1907 and cut into several smaller gems that are now either part of the country's Crown Jewels or owned by the royal family.
Bigger pure diamonds have been found, including "Sergio", which was 3167 carats but was not gem-quality, rather what is referred to as a black diamond. It was dug up in 1895 in Brazil and used for industrial machine parts.
The broader mining sector has experienced a seesaw pattern this year. Last week, <a href="https://www.benzinga.com/topic/gold">gold</a> reached its <a href="https://www.benzinga.com//node/40419054">highest price in history causing several mining stocks to move</a>.
SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>), which covers primarily steel mining but also precious metals to a lesser degree, is down 5.7% in the last month but up 4.4% in the last six months.
SPDR S&amp;P Metals &amp; Mining ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XME#NYSE">XME</a>) is down 2.8% in the last month and 2% in the past six months.
Read Next:
<ul>
<li><a href="https://www.benzinga.com//node/40457722">Gold &#8216;Is Getting Its Moment In The Sun&#8217; And Experts Say The Record High Prices Could Climb Even Higher: Here&#8217;s The Case For Even More Glittering Gains</a></li>
</ul>
Photo courtesy of Lucara.

General

LUCRF

Check Out 'Massive' 2,492-Carat Diamond Found In Botswana: Twice The Size Of $53M Gem Unearthed In 2017

Music icon Beyoncé Knowles-Carter is making her debut in the luxury spirits market&nbsp;with the launch of a&nbsp;new whiskey brand, SirDavis, in collaboration with&nbsp;LVMH-Moet Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>).
What Happened: Beyoncé is the latest celebrity to use their influence to endorse high-end liquor brands. She named SirDavis in honor of her great-grandfather, Davis Hogue, a farmer who concealed whiskey bottles during the Prohibition era in the South.
 &#8220;Discovering that my great-grandfather was a moonshine man made me feel like my love for whiskey was destined,&#8221; Beyoncé stated on Tuesday. &#8220;SirDavis allows me to honor him, creating a new shared legacy.&#8221;
See Also:&nbsp;<a href="https://www.benzinga.com/news/24/08/40453139/robert-kennedy-jr-says-if-you-want-to-drink-a-coke-drink-a-mexican-coke-heres-why?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Robert Kennedy Jr. Says If You Want To Drink A Coke, &#8216;Drink A Mexican Coke&#8217; — Here&#8217;s Why</a>
The whiskey, which is produced and bottled in Houston, Beyoncé&#8217;s birthplace, is the first spirit brand&nbsp;Moët Hennessy&nbsp;has fully developed in the U.S. 
Composed of&nbsp;51% rye and 49% malted&nbsp;barley, the whiskey is aged in sherry casks, resulting in a &#8220;bold sophistication&#8221; profile. 
SirDavis, priced at $89 per bottle, will hit the shelves in September. It is available for pre-order via the company&#8217;s official website.
Why It Matters: Beyoncé&#8217;s venture into the spirits industry comes on the heels of her recent political involvement. 
Earlier this month, it was reported that the singer pledged a<a href="https://www.benzinga.com/general/entertainment/24/08/40168992/beyonc-to-donate-4m-to-harris-in-bid-against-trump-she-feels-the-stakes-are-too-high"> $4 million donation</a> to Vice President Kamala Harris&#8217;s presidential campaign against former President Donald Trump. 
Harris has been using a <a href="https://www.benzinga.com/news/24/07/39975613/kamala-harris-channels-beyonc-in-first-campaign-video-and-slams-trump-there-are-some-people-who-thin">Beyoncé song in her campaign</a>, and the artist&#8217;s endorsement and fundraising appearance could be imminent.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40431747/trump-vs-harris-new-polls-indicate-a-shift-in-the-political-landscape-and-this-candidate-is-taking-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump Vs Harris: New Polls Indicate A Shift In The Political Landscape And This Candidate Is Taking The Lead</a></li>
</ul>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: Shutterstock

Media

Beyoncé Partners With LVHM's Moët Hennessy To Launch Luxury Whiskey Brand In Honor Of Her Great Grandfather

Christian Dior SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/CHDRY#OTC">CHDRY</a>), a subsidiary of <a href="https://www.benzinga.com/news/large-cap/24/07/39920045/arnaults-fortune-falls-as-lvmh-misses-on-earnings-zuckerberg-now-eyes-third-spot-on-billionaires-l">French luxury goods conglomerate</a> LVMH Moet Hennessy Louis Vuitton SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>), is reportedly behind on the UK&#8217;s required supply chain disclosures. The company&#8217;s website also contained outdated statements about third-party certifications.
What Happened: Until Jul. 19, Dior&#8217;s UK website displayed an anti-slavery statement from 2020 and an obsolete sustainability certification, Reuters reported. This was discovered through a review of company filings.
The company&#8217;s non-compliance with the UK&#8217;s Modern Slavery Act of 2015, which mandates annual statements on steps taken to combat forced labor, has raised concerns. 
The investigation into Dior&#8217;s practices has prompted calls from investors like Amundi and others for LVMH to take more aggressive measures in monitoring its suppliers&#8217; treatment of workers.
Following inquiries about its compliance with UK regulations, Dior published a modern slavery statement for 2023. The company claims to have ceased working with suppliers involved in illegal practices and is cooperating with authorities, according to the report.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40152336/shiba-inu-lead-developer-shytoshi-kusama-nods-to-crypto-analysts-sentiment-on-selling-amid?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Lead Developer Shytoshi Kusama Nods To Crypto Analysts&#8217; Sentiment On Selling Amid Market Crash: &#8216;They Really Want Your Cheap Crypto&#8217;</a>
Despite the legal obligation to publish these statements, no company has yet been penalized for non-compliance. There are ongoing discussions among lawmakers and rights groups about introducing penalties for non-compliance, according to Sara Thornton, professor of modern slavery policy at the University of Nottingham&#8217;s Rights Lab, the report said.
&#8220;We have been preparing an up to date modern slavery statement, which&#8230;has now been published on our website,&#8221; Dior said in a statement, according to the report. 
Why It Matters: This development comes at a time when LVMH is facing other challenges. The company&#8217;s <a href="https://www.benzinga.com/news/large-cap/24/07/39920045/arnaults-fortune-falls-as-lvmh-misses-on-earnings-zuckerberg-now-eyes-third-spot-on-billionaires-l">earnings fell short of expectations</a>, leading to a significant drop in the fortune of its CEO, Bernard Arnault. This has raised the possibility of Meta Platforms Inc. CEO Mark Zuckerberg overtaking Arnault as the third-richest person in the world.
Despite these challenges, LVMH has been strengthening its ties with Alibaba Group&nbsp;Holding Limited to enhance its <a href="https://www.benzinga.com/markets/equities/24/05/38967742/louis-vuitton-and-alibaba-strengthen-ties-to-boost-ai-powered-luxury-retail">luxury retail experience</a> in China. This partnership aims to leverage Alibaba&#8217;s cloud technologies and AI-powered retail innovations to elevate the luxury experience in China.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40152445/trumps-bold-plan-to-use-bitcoin-to-wipe-out-35t-us-debt-questioned-by-economist-justin-wol?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Trump&#8217;s Bold Plan To Use Bitcoin To &#8216;Wipe Out&#8217; $35T US Debt Questioned By Economist Justin Wolfers: &#8216;That&#8217;s Not How Crypto Works&#8217;</a></li>
</ul>
Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

CHDRY

LVMH's Dior Faces Scrutiny Over Delayed UK Supply Chain Disclosures And Outdated Certifications

Small Cap

Trading Ideas

AVTR

COIN

DXCM

Market Momentum: Your Weekly Financial Forecast

Travel, especially abroad, has historically been a luxury for most Americans. Despite a <a href="https://www.benzinga.com/news/econ-s/24/07/39649271/us-close-to-recession-warning-as-june-jobs-report-shows-rising-unemployment">tightening labor market</a> and <a href="https://www.benzinga.com/real-estate/24/06/39274689/amid-rising-costs-financial-strain-becomes-americas-chief-anxiety">uncertain economic conditions</a>, the number of households traveling abroad has soared nearly 30% as <a href="https://www.benzinga.com/top-stories/24/06/39511199/households-have-accrued-substantial-wealth-since-2019-contrary-to-popular-narratives-goldman-sachs">households build wealth</a>.
The number predictably fell in 2020 and 2021 during the COVID-19 pandemic but has increased in each of the past three years.
The Data: A post on X relayed <a href="https://x.com/MikeZaccardi/status/1811377036344061972">data</a> from Bank of America.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The number of households travelling abroad has increased in the past two years, and, as of June, is nearly 30% higher than 2019 levels <a href="https://t.co/zhhq8DeQRo">pic.twitter.com/zhhq8DeQRo</a>
&mdash; Mike Zaccardi, CFA, CMT &#x1f356; (@MikeZaccardi) <a href="https://twitter.com/MikeZaccardi/status/1811377036344061972?ref_src=twsrc%5Etfw">July 11, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Meanwhile, spending on luxuries abroad has seen similar increases since 2019, <a href="https://x.com/MikeZaccardi/status/1811377159027462597">according</a> to Bank of America.
Why It&#8217;s Important: Amid a period of inflation, households have become price-sensitive in some areas and <a href="https://www.benzinga.com/markets/asia/24/06/39532768/e-commerces-ascent-stalls-as-one-sub-segment-grows-by-over-100-report">willing to spend</a> in others. Consumers have gravitated toward luxury or bargains, with less spending on items or experiences in between.
Meanwhile, flying is as popular as ever. More than <a href="https://www.benzinga.com/markets/equities/24/07/39693321/delta-earnings-on-deck-after-tsa-screens-record-3m-passengers-analyst-says-airline-has-insulatio">3 million passengers</a> were screened at U.S. TSA checkpoints on Sunday, July 7, a new record.&nbsp;
Market Implications: Long-term changes in consumer behavior stand to impact companies in various industries, most notably airlines and luxury goods.
Airlines have struggled since the pandemic, not so much with filling seats but with margin contraction and declining profitability. Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) shares sunk on Thursday after beating revenue estimates but missing on earnings. 
Delta&#8217;s luxury status seems to have insulated it better from industry trends better than competitors United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>).
Online travel agency Booking Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>) is a stand-out name for its stock performance — up more than 100% — since 2019.
LVMH Moët Hennessy Louis Vuitton (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>) and Hermes Intl S A Unsponsored France ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/HESAY#OTC">HESAY</a>) have benefited from increases in American travel to Europe. Ralph Lauren Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) has been a standout performer in 2024, up over 25%.
Also Read:
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<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39728268/inflation-slows-more-expected-to-3-in-june-heightens-expectations-for-rate-cuts-t">Inflation Slows More Expected To 3% In June, Heightens Expectations For Rate Cuts: Treasury Yields Tumble</a></li>
</ul>

Photo: Shutterstock

Travel

BKNG

Households Traveling Abroad Jump Nearly 30% Since 2019: What It Means For Airline, Foreign Luxury Stocks

French stocks experienced a mixed trading session Monday as investors assessed the implications of an unexpected left-wing victory in Sunday's second <a href="https://www.benzinga.com/news/24/07/39657677/french-elections-take-a-surprising-turn-as-left-poised-for-victory-what-does-that-mean-for-the-marke">round of legislative elections.</a>
At 8:30 a.m. ET, the CAC 40 index, which tracks the forty largest companies in France by market capitalization, was trading near flat, erasing earlier gains. Despite the index&#8217;s stability, the French luxury sector took a hit. 
Three of the sector&#8217;s largest companies each traded in negative territory as market sentiment weakened over concerns of increased wealth taxation following the left&#8217;s win.
<ul>
<li>Hermes International SA (OTCPK: HESAF) down 0.7%</li>
<li>LVMH – Moët Hennessy Louis Vuitton (OTCPK: LVMUY) down 1.6% </li>
<li>Kering SA (OTCPK: PPRUY) down 2% </li>
</ul>
What Happened: The left-wing New Popular Front coalition (NPF)—comprising the far-left France Unbowed, the Socialists, and the Greens—secured the most seats, with 188. This outcome defied expectations, given that President Emmanuel Macron&#8216;s centrist group, Ensemble, won 161 seats, and the National Rally (RN) claimed third place with 142 seats. 
In an effort to avoid three-way run-offs, centrist and leftist parties had earlier agreed to withdraw 221 candidates after the RN emerged as the leading party in the first round. This strategic move included 83 candidates from Macron's camp and 132 from the NPF.
While the risk of a far-right government has been averted, the left-wing's relative majority introduces new uncertainties. With no political group holding an absolute majority, a political gridlock looms. 
The left, having gained most seats, might be called upon to form a new minority government, likely seeking alliances with centrist and other political forces.
However, in response to the election results, President Macron rejected Prime Minister Gabriel Attal's resignation, asking him to stay in office temporarily to ensure the country&#8217;s stability.
Also Read: <a href="https://www.benzinga.com/news/24/07/39658887/boeing-strikes-plea-deal-with-doj-for-defrauding-us-regulator-over-737-max-safety-victims-lawyer-cal">Boeing Strikes Plea Deal With DOJ For Defrauding US Regulator Over 737 MAX Safety: Victims&#8217; Lawyer Calls It &#8216;Deceptive And Generous…Not In Public Interest&#8217;</a>
Why It Matters: Jean-Luc Mélenchon, the leader of the left-wing faction, is a controversial figure known for his anti-euro and anti-NATO stance. Admiring former Venezuelan leader Hugo Chavez and Cuba's Fidel Castro, Mélenchon is an advocate for wealth redistribution—an ideology that makes Wall Street uneasy.
The NPF aims for a radical shift from Macron&#8217;s neoliberal policies, focusing on enhancing the welfare state and redistributing economic resources to the working and middle classes. Their key proposals include raising the minimum wage to 1,600 euros per month, abolishing Macron&#8217;s retirement age increase, reintroducing a wealth tax on large fortunes, imposing fiscal measures to tax the super-profits of large companies, and halting the shipment of French arms to Ukraine.
These economic measures could substantially increase the burden on French spending, adding further strain to an already troubled government budget. Last year, Paris ran a budget deficit of 5.5% and once again saw its debt-to-GDP ratio exceed 110%.
The European Union has placed France, along with other highly indebted nations, under an excessive deficit procedure. This requires active dialogue with the government to find solutions for alleviating the stress on public finances.
Expert Ideas: Maurits Pot, CEO of Tema ETFs, shared his insights with Benzinga: 
"Short-term interest in listed French luxury companies could be more subdued as markets digest whether the prime targets of a left government become French luxury tycoons." 
He further noted, "We are less concerned about actual luxury demand since, for most French luxury companies, France represents a fraction of overall sales. We hold French equities in our Luxury fund – TEMA Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>) – including major groups like LVMH and Remy. While a left government might pose challenges for billionaire owners, shareholder affairs rarely impact the companies they own,&#8221; he stated. 
Now Read:
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<li><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO"> </a><a href="EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO">EXCLUSIVE: GLP-1 Weight-Loss Drugs Could Become A Trillion-Dollar Market, Predicts Tema ETFs CEO</a></li>
</ul>

Sector ETFs

HESAF

French Luxury Stocks Fall As Tax Concerns Rise After Left-Wing Election Upset: 'A Left Government Might Pose Challenges For Billionaire Owners'

Software company MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is heavily invested in Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) thanks to the bullish support of its co-founder and <a href="https://www.benzinga.com/topic/michael-saylor">executive chairman, Michael Saylor.</a>
While Saylor's bullish Bitcoin bet has paid off for MicroStrategy shareholders, a 2012 interview recommending buying shares of Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) could have returned slightly more to investors.
What Happened: Saylor has been bullish on Bitcoin for many years. He has also put his money — and MicroStrategy's money — <a href="https://www.benzinga.com/markets/cryptocurrency/22/06/27865236/exclusive-michael-saylors-microstrategy-is-married-to-bitcoin-everything-else-in-the-world">where his mouth is.</a>
While investors who followed Saylor's bullish take and MicroStrategy first buying Bitcoin in 2020 have profited nicely, a newly resurfaced video shared by Swan co-founder Neil Jacobs shows Saylor making a bold prediction on Apple in 2012. 
See below. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Today seems like a good day to rewatch this Michael Saylor video from 2012 about Apple stock. &#x1f34e; He also briefly talks about Dell computers. &#x1f440; <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/DrAKvD1Hjw">pic.twitter.com/DrAKvD1Hjw</a>
&mdash; Neil Jacobs (@NeilJacobs) <a href="https://twitter.com/NeilJacobs/status/1804231596091793569?ref_src=twsrc%5Etfw">June 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<h3 class="wp-block-heading">What Saylor Said</h3>
"If you ask me, Apple Computer is going to $2,000 a share. I'd be very, very long that company," Saylor said in the <a href="https://x.com/NeilJacobs/status/1804231596091793569?t=Yu-3Lm9eZhAguHoFw29Y0w&amp;s=19">video</a>.
Apple went from being worth $3 billion 12 years ago to <a href="https://www.benzinga.com/general/education/19/04/11495978/this-day-in-market-history-apple-hits-600b-market-cap">being worth $600 billion</a>, thanks to its new devices like the iPhone and strong user base.
"Whoever is selling that stock must be a moron," Saylor said.
The Bitcoin bull compared the iPhone to a Dell computer that you put under a desk and don't care if its hot or ugly, you just want it to be $400 or $500. Saylor said if you put a phone in your pocket, you care if its hot and what it looks like, giving Apple an advantage.
Saylor said each iPhone model improves speed, battery life and is lighter, appealing to consumers to buy the newest device.
Unlike computers, which saw prices drop as they improved, Saylor said Apple doesn't need to lower its prices.
"People know just enough to hurt themselves," Saylor said of a person who asked him about Apple being able to maintain their prices.
Saylor compared Apple and the iPhone to LVMH&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>) handbags — both items continue to sell for thousands of dollars. 
"When the technology goes from being a utilitarian vocational brick that I put under my desk to being a piece of clothing, a fashion statement," Saylor said of the iPhone.
Saylor called iPhones and iPads as being somewhere between clothing, jewelry and accessories.
"They can hold that price point forever," Saylor said.
Saylor said Apple can sell an iPhone and iPad to consumers every two to five years.
Related Link: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38464921/michael-saylor-summarizes-why-microstrategy-is-superior-to-bitcoin-etfs">Michael Saylor Summarizes Why MicroStrategy Is Superior To Bitcoin ETFs</a>
<h3 class="wp-block-heading">Was Saylor Correct? </h3>
Apple shares hit well over $2,000 on a split-adjusted basis years later, making Saylor's prediction correct.
Saylor's Apple thesis was mostly true. Today, the company does not need to lower prices. It also sells upgraded models of the iPhone with new features and improved battery life each year.
The iPhone becoming a must-have device has also rung true. The iPhone is one of the top market share leaders in smartphones and, in some cases, considered a status symbol.
Apple shares traded at a split-adjusted $21.31 on May 1, 2012. That could have been around the time Saylor's comments were made. A $1,000 investment in Apple shares at the time would be worth $9,824.80 today, up 882.5%.
Compare that to the +284.2% return of the SPDR S&amp;P 500 ETF Trust over the same time period.
Thanks to its investment in Bitcoin, MicroStrategy has been a top performing stock of the last 10 years. The same $1,000 invested in MicroStrategy at the same time would be worth $9,374.91 today, up 837.5%.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/02/37219692/microstrategys-michael-saylor-vows-to-hold-forever-eyes-bitcoins-long-term-dominance">MicroStrategy&#8217;s Michael Saylor Vows To &#8216;Hold Forever,&#8217; Eyes Bitcoin&#8217;s Long-Term Dominance</a>

$BTC

AAPL

MSTR

Michael Saylor 2012 Apple Stock Prediction Goes Viral, Here's What Bitcoin Bull Got Right: 'Whoever Is Selling That Stock Must Be A Moron'

By now, we have all heard that Europe had a <a href="https://www.msn.com/en-us/money/markets/whats-next-for-markets-after-far-right-eu-election-surge-triggers-shock-france-vote/ar-BB1nZxXg">fairly decisive turn rightward</a> over the weekend in parliamentary elections. France is calling for <a href="https://www.msn.com/en-us/news/world/french-president-macron-calls-for-snap-election-after-heavy-defeat-in-eu-vote/ar-BB1nUwut">snap elections</a>. No one likes the <a href="https://www.msn.com/en-us/news/other/afd-help-inflict-worst-ever-eu-defeat-on-olaf-scholz-s-party/ar-BB1nUKKz">German leaders</a> anymore. It&rsquo;s a mess.&nbsp;Or is it?
The Vanguard FTSE Europe (ARCA:VGK) ETF is down since the weekend. It seems investors need a breather from what&rsquo;s been an easy $10-plus price increase per share since November.
&ldquo;I would not recommend European companies for investment aside tourism related companies because rich Americans are flooding into Europe,&rdquo; said <a href="https://twitter.com/amlivemon">Albert Marko</a>, partner at Mavarinas Management Group in Florida. He likes luxury companies like LVMH (OTC: <a class="ticker" href="https://www.benzinga.com/stock/lvmuy#OTC">LVMUY</a>) or Brunello Cucinelli (OTC: <a class="ticker" href="https://www.benzinga.com/stock/bcucf#OTC">BCUCF</a>).
&ldquo;The EU continues to live in a world pre-COVID, hoping for cheap Russian fuel and a resurgent Chinese market, and have failed to adapt, expand and systematically reorganize supply chains,&rdquo; Marko said. &ldquo;This is particularly dumbfounding as <a href="https://www.cnn.com/2023/04/15/europe/germany-nuclear-phase-out-climate-intl/index.html">Germany nuclear power</a> was taken offline and the <a href="https://www.bbc.com/news/world-europe-62335287">Dutch agriculture sector</a> was targeted by government to impose climate policies.&rdquo; Marko said.
Not too bright, apparently.
<h3>Who Won And What Does It Mean?</h3>
The biggest winner over the weekend, in terms of party name, was a group called the Identity and Democracy Group (ID). This party sprouted up to challenge the prevailing view among the the European political establishment that unabated immigration from Northern Africa and Muslim countries was good for Europe.
As a result of this view, the ID party went from 49 seats in the European parliament to 58. The right wing European Conservatives and Reformists (ECR) went from 69 seats to 73 and the more centrist to right-leading, and somewhat status quo European People&rsquo;s Party (EPP) went from 176 to 186 members.
The Left and Progressive Alliance of Socialists and Democrats (S&amp;D) lost seats while the biggest losers were the Greens and Renew parties. They lost around a quarter of their seats. The Greens are second-in-command in Germany.
Despite the headlines, the usual suspects are still in power in Europe, albeit with a weaker hand, said <a href="https://twitter.com/AzadZangana">Azad Zangana</a>, Senior European Economist for Schroders in London.
&ldquo;The results mean that the previous coalition led by EPP and backed by the S&amp;D and Renew retains control, after winning 56% of seats versus 59% previously,&rdquo; Zangana said.
The increased presence of right-wing populist and nationalist politicians in the EU parliament will have an impact on policies &ndash; namely immigration and the new energy transition.
&ldquo;There is a very clear desire to see greater controls and restrictions on inward migration, and there is real unhappiness over the perceived impact of green initiatives, and the cost of such policies,&rdquo; Zangana said. &ldquo;The notion that Europe can press ahead and decarbonize its economy but without regard of the impact on the competitiveness of its firms has hurt the energy transition agenda.&rdquo;
Europe decarbonization went into high gear in 2022. As part of its sanctions regime against Russia for the war in Ukraine, the EU agreed to ban the use of Russian natural gas and impose limits on Russian oil imports. This led to <a href="https://worldpopulationreview.com/country-rankings/cost-of-electricity-by-country" style="color:#467886; text-decoration:underline">higher energy prices</a> throughout Western Europe. News reports over the last two years have been particularly hard on Germany, saying the Western European superpower is <a href="https://www.bloomberg.com/news/features/2024-02-10/why-germany-s-days-as-an-industrial-superpower-are-coming-to-an-end">deindustrializing</a> largely due to energy prices.
France was the biggest election headline. The iShares MSCI France (ARCA: EWQ) ETF is trailing the iShares MSCI Eurozone (BATS: <a class="ticker" href="https://www.benzinga.com/stock/ezu#BATS">EZU</a>) ETF since the weekend and is underperforming EZU year-to-date. Usually, EWQ beats EZU, but not of late.
Emmaneul Macron called for snap elections on Sunday after rival Marine Le Pen clobbered members of his coalition.
Early indications are that Le Pen&rsquo;s Rassemblement National won the largest share of votes and will increase her party&#39;s representatives for France in the European Parliament. Le Pen secured around double (over 35%) the share of votes that the ruling coalition Besoin d&rsquo;Europe had won (around 15%).
There are no new polls at the time of this writing so many investors are assuming the European Parliament results mean French voters might pull the trigger for Le Pen&#39;s party, even though she&rsquo;s lost so many times before.
&ldquo;By July 7 we will have a second round of elections in France and know more about direction. This is Macron&rsquo;s gamble that he can beat her in a run-off and assemble a coalition capable of holding the government,&rdquo; said Vladimir Signorelli, head of macro investment research firm Bretton Woods Research in New Jersey.
&ldquo;Macron has the coalition building skills and Le Pen does not. So I am not confident she can beat Macron just yet,&rdquo; Signorelli warned.
&ldquo;These elections signaled the death knell for two things: one is the green energy crusade there. That&rsquo;s come to an end. And I also think the unanimity on the Ukraine war is breaking apart and that could be more bullish for Europe. But as an investor, I think I&rsquo;d go into more of a peripheral Europe play. I&rsquo;d look at Greece and maybe Austria.&rdquo;
The Global X MSCI Greece (ARCA:GREK) ETF is beating VGK year-to-date, up 11.2%. The Relative Strength Index is in the mid-50s, suggesting no one is chasing Greece. Meanwhile, the iShares MSCI Austria (<a href="https://www.benzinga.com/quote/EWO" style="color:#467886; text-decoration:underline">EWO</a>) ETF has been the most beat up of the two, underperforming VGK and up just 1.5% this year. EWO was overbought in May, with its relative strength index falling below 45 this week.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

BCUCF

What Does Europe's 'Tilt Rightward' Really Mean And Is The FTSE Europe ETF Worth Buying Now?

European equities ended Monday broadly positive, while the U.S. market was closed for <a href="https://www.benzinga.com/24/05/39027079/is-the-us-stock-market-open-on-memorial-day-why-the-s-p-500-could-end-the-year-on-a-high-note">the Memorial Day holiday. </a>
Traders maintained an overall positive risk sentiment on European assets, driven by near-total certainty that the European Central Bank (ECB) will deliver a rate cut at its June meeting.
Three key ECB members — chief economist Philip Lane, Finland Central Bank governor Olli Rehn and France Central Bank governor François Villeroy de Galhau — made reassuring statements indicating a rate cut is imminent.
<ul>
<li>&#8220;A June rate cut is appropriate if the inflation outlook holds,&#8221; Lane said. </li>
<li>&#8220;Inflation is converging to our 2% target in a sustained way, making it the right time in June to ease the monetary policy stance and start cutting rates,&#8221; Rehn said. </li>
<li>&#8220;Barring a surprise, a June rate cut is a done deal,&#8221; Villeroy said. </li>
</ul>
Traders now almost fully price in a June rate cut and expect a total of 65 basis points in cuts (more than two cuts but less than three) by the end of the year.
The euro, as tracked by the Invesco CurrencyShares Euro Currency Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXE#NYSE">FXE</a>), inched 0.1% higher to 1.0840. 
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major European Indices</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th class="has-text-align-center" data-align="center">Country</th>
<th>US-Based ETF</th>
<th>Price</th>
<th>1-day %chg</th>
</tr>
</thead>
<tbody>
<tr>
<td class="has-text-align-center" data-align="center">Spain – IBEX 35</td>
<td>iShares MSCI Spain ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWP#NYSE">EWP</a>)</td>
<td>11,335</td>
<td>0.79%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Italy – FTSE MIB </td>
<td>iShares MSCI Italy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWI#NYSE">EWI</a>)</td>
<td>34,751</td>
<td>0.75%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">France – CAC 40</td>
<td>iShares MSCI France Index Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWQ#NYSE">EWQ</a>)</td>
<td>8,142</td>
<td>0.62%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">EU – Euro Stoxx 50</td>
<td>iShares Europe ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IEV#NYSE">IEV</a>)</td>
<td>5,065</td>
<td>0.58%</td>
</tr>
<tr>
<td class="has-text-align-center" data-align="center">Germany – DAX </td>
<td>Global X Dax Germany ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAX#NYSE">DAX</a>)</td>
<td>18,793</td>
<td>0.53%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers In Europe</h3>
Monday&#8217;s top performers on the Euro Stoxx 50 index included:
<ul>
<li>RWE AG (OTCPK: RWEOY) +2.55%</li>
<li>Bayer AG (OTCPK: BAYRY) +2.32%</li>
<li>Volkswagen AG (OTCPK: VWAGY) +1.65%</li>
<li>Enel Società per Azioni (OTCPK: ENLAY) +1.6%</li>
<li>Iberdrola S.A. (OTCPK: IBRDY) +1.5%</li>
<li>Eni S.p.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/E#NYSE">E</a>) +1.38%</li>
</ul>
European pharma giant Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) and France luxury powerhouse LVMH-Moet Hennessy Louis Vuitton (OTCPK: LVMUY) closed 0.9% lower and 0.8% higher, respectively. 
Dutch chipmaker firm ASML Holding N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASML#NASDAQ">ASML</a>) closed 0.2% higher, notching the third straight session of gains. 
Among carmakers, Stellantis N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STLA#NYSE">STLA</a>) rose 1.5%. Ferrari N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>) closed up 0.7%, positively reacting to its victory in Sunday's Formula 1 Grand Prix in Monte Carlo.
Among major banks, UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) outperformed, up 1%. 
Read now: <a href="https://www.benzinga.com/news/24/05/39028061/alibaba-signs-david-beckham-as-global-brand-ambassador-for-e-commerce-platform">Alibaba Signs David Beckham As Global Brand Ambassador For E-Commerce Platform</a>
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European Equities Close Higher As Traders Bank On Imminent ECB Rate Cut: What's Driving Markets Monday?

Lvmh Moet Hennessy Louis

월요일(20일) 발표된 새로운 옥스팜 보고서에 따르면, 10년 이내에 세계 최초의 조만장자(trillionaire: 자산 1조 달러 부자)가 될 것으로 예상되는 5명 중 테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) 일론 머스크 CEO가 1위를 차지했다. 이는 부의 집중이 가속화되고 있음을 의미한다.
무슨 일 있었나: &#8216;생산자 아닌 착취자'(Takers Not Makers) 보고서에 따르면 전 세계 억만장자들의 재산은 2024년에만 2조 달러 증가했으며, 일론 머스크의 순자산은 4,399억 달러에 이른다.
포브스의 억만장자 명단에서는 머스크 다음으로 아마존닷컴(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)의 창립자인 제프 베이조스가 2,394억 달러, 메타 플랫폼스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) CEO인 마크 저커버그가 2,118억 달러, 오라클(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)의 창립자인 래리 엘리슨이 2,046억 달러, LVMH 모에 헤네시 루이비통(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>)의 베르나르 아르노가 1,813억 달러로 그 뒤를 따랐다.
억만장자들이 재산이 2023년에 비해 2024년에 3배나 빠르게 증가하면서 부의 축적 속도가 극적으로 빨라지고 있다. 해당 보고서에 따르면 억만장자 재산의 60%는 기업가 정신보다는 상속, 독점적 권력 또는 친인척 관계에서 비롯된 것으로 나타났다.
옥스팜 EU 세금 전문가 키아라 푸타투로는 "부의 집중 속도가 전례 없는 수준에 이르렀다&#8221;며 "억만장자의 부는 폭발적으로 증가하고 있지만, 이러한 부의 대부분은 벌어들인 것이 아니라 상속받은 것&#8221;이라고 꼬집었다.
이 기사도 읽어보세요: <a href="https://kr.benzinga.com/news/usa/othermarkets/%EB%B0%94%EC%9D%B4%EB%93%A0%EC%9D%98-%EC%B4%88%EB%B6%80%EC%9C%A0%EC%B8%B5-%EA%B3%BC%EB%91%90%EC%A0%9C-%EA%B2%BD%EA%B3%A0-%EB%A7%88%ED%81%AC-%ED%81%90%EB%B0%98-%EB%B0%94%EC%9D%B4%EB%93%A0%EC%9D%B4/" target="_blank" rel="noopener">바이든의 초부유층 과두제 경고, 마크 큐반 "바이든이 트럼프의 품으로 밀어넣어"</a>
왜 중요한가: 이번 조사 결과는 독점적 지배력이 중요한 역할을 하는 시장 역학 관계에 대해 강조한다. 아마존은 주요 유럽 시장에서 온라인 구매의 70% 이상을 차지하고 있으며, 기술 플랫폼의 시장 지배력은 계속 커지고 있다.
이러한 부의 확대는 광범위한 경제 지표와 뚜렷한 대조를 이룬다. 세계은행에 따르면 약 36억 명의 사람들이 여전히 6.85달러의 빈곤선 아래에 살고 있으며, 이 수치는 1990년 이후 거의 변하지 않았다.
해당 보고서는 개입하지 않으면 이러한 부의 격차가 계속 확대되어 시장 안정과 경제 성장에 잠재적으로 영향을 미칠 수 있다고 경고했다.
이미지: Shutterstock
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일론 머스크, 제프 베이조스, 마크 저커버그 중 누가 최초의 '조만장자' 될까?

럭셔리 시장은 중요한 전환점에 있으며, 레거시 브랜드들과 에스퍼레이셔널(aspirational) 플레이어들 간의 뚜렷한 경계가 나타나고 있다고 <a href="https://www.benzinga.com/general/biotech/24/07/39656549/exclusive-glp-1-weight-loss-drugs-could-become-a-trillion-dollar-market-predicts-tema-etfs-ceo">테마(Tema) ETFs의 CEO</a>인 마우리츠 팟(Maurits Pot)이 전했다.
벤징가(Benzinga)와의 독점 인터뷰에서 팟은 에르메스 인터내셔널 SA(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/hesay" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for HESAY" data-google-interstitial="false">HESAY</a>)와 페라리 N.V.(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RACE#NYSE">RACE</a>)와 같은 고급 브랜드들은 충성도 높은 부유한 고객들에 의해 뒷받침되어 성과가 좋을 것으로 예상되는 반면, LVMH-모엣 헤네시 루이 비통(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/lvmuy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for LVMUY" data-google-interstitial="false">LVMUY</a>) 및 버버리 그룹(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/burby" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for BURBY" data-google-interstitial="false">BURBY</a>)와 같은 더 많은 에스퍼레이셔널 브랜드들은 소비자 행동 변화와 중국 및 유럽과 같은 주요 시장에서의 경제적 둔화로 인해 더 큰 취약성에 직면할 것이라고 강조했다.
&#8220;럭셔리 시장은 전환기를 맞이하고 있으며, 진정한 럭셔리와 에스퍼레이셔널 브랜드들 간의 더 큰 차별화가 나타나고 있다&#8221;고 팟이 말했다.
특히 최근 실망스러운 결과를 보고한 LVMH와 같이 다수의 기업들이 실적이 부진한 상황에서, 팟은 거시경제적 역풍을 고려할 때 이러한 결과가 놀라운 것은 아니라고 강조했다.
팟은 투자자들이 이제 고급 브랜드와 더 많은 재량 소비를 겨냥한 브랜드 간의 명확한 구분에 집중해야 한다고 강조했다.
<h3 class="wp-block-heading">중국의 부양책이 럭셔리의 전망을 구원하지 못할 것</h3>
중국의 재정적 부양이 미치는 영향에 대해 논의하면서 팟은 회의적인 입장을 나타냈다. 그는 시장에 대한 잠재적 부양책에 대한 초기 흥분이 있었지만, 정부 지출의 실제 수혜자는 중국의 경제적 우선순위에 더 중앙집중적인 산업일 가능성이 높다고 언급했다.
&#8220;럭셔리 부문은 중국 부양책으로 인해 조기 부양을 받았다고 생각하지만, 궁극적으로는 정말로 정당화된 부양이 아니다&#8221;라고 팟이 말했다.
그는 중국 정부가 고급 국제 럭셔리보다는 국내 소비를 우선시할 가능성이 높아 중국 주도의 수요가 의미 있게 반등할 것이라는 의문을 제기한다고 강조했다.
<h3 class="wp-block-heading">인도: 럭셔리의 다음 성장 동력?</h3>
또한 중국 수요 둔화로 인한 공백을 인도가 메울 수 있을지에 대한 질문이 있다. 팟은 인도의 중산층 성장과 경제적 힘이 다음 성장 스토리가 될 수 있다고 암시했다.
&#8220;중국이 둔화됨에 따라 인도의 럭셔리 수요가 감소하는 중국 수요를 대체할 수 있을까? 이는 2025년에 대한 중요한 질문이다&#8221;라고 팟이 덧붙이며, 디올(Dior)과 같은 브랜드가 시장에 대규모로 투자하고 있는 인도의 럭셔리 공간에서의 존재감이 커지고 있음을 지적했다.
&#8220;2024년은 럭셔리 부문에 힘든 한 해가 될 가능성이 높지만, 2025년은 특히 인도가 주요 럭셔리 시장으로 떠오르는 경우 더 나아질 것이라고 믿을 이유가 있다고 생각한다&#8221;고 그가 덧붙였다.
<h3 class="wp-block-heading">관세와 미국 선거: 럭셔리에 미치는 잠재적 영향</h3>
미국 대선을 앞두고 팟은 관세와 그것이 럭셔리에 미칠 잠재적 영향에 대한 생각을 공유했다. 그는 관세가 아직 럭셔리 상품을 직접 겨냥하지 않았지만, 자동차와 같은 산업 제품에 대한 간접적인 결과가 있을 가능성을 언급했다.
&#8220;저는 관세가 소비재보다 산업 생산에 초점을 맞출 것이라고 생각하지만, 결국 럭셔리가 그 안에 포함될 수 있다,&#8221;라고 그가 덧붙였다.
<h3 class="wp-block-heading">하락 매수 기회를 위한 현금 보유</h3>
팟은 Tema Luxury ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUX#NYSE">LUX</a>)가 럭셔리 부문 변화에 어떻게 대응할 수 있도록 포지셔닝되었는지에 대한 통찰도 공유했다.
&#8220;포트폴리오의 거의 20%가 현금으로 보유되고 있다&#8221;고 그가 밝혔으며, 이는 펀드가 특히 재량 소비 럭셔리에 대해 조심스럽게 접근하고 있음을 설명했다. 재량 소비 럭셔리는 페라리, 에르메스 및 리치몬트(OTCPK:<a class="items-end ticker-link-wrapper inline-flex" href="https://www.benzinga.com/quote/cfruy" target="_blank" rel="dofollow noopener" aria-label="Go to Quote Page for CFRUY" data-google-interstitial="false">CFRUY</a>)와 같은 고급 브랜드들보다 더 큰 타격을 입었다.
&#8220;우리는 정말 고급 럭셔리에 대해 비중을 확대하고, 더 많은 재량 소비 럭셔리에 대해서는 비중을 축소하고 있다&#8221;고 그가 말했다.
 
지금 읽어보세요:
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41386234/strong-september-retail-sales-put-feds-next-move-in-doubt-interest-rate-cuts-are-">강력한 9월 소매 판매가 연준의 다음 조치를 의심스럽게 만든다: 금리 인하가 &#8216;확정적이지 않다&#8217;</a></li>
</ul>
이미지: Shutterstock


다른 트레이더들보다 30분 일찍 독점 시장 움직임 뉴스를 받아보세요. Benzinga Pro의 14일 무료 체험을 통해 독점 뉴스 기사를 이용할 수 있어 수백만 명의 다른 트레이더보다 먼저 실행 가능한 거래 뉴스를 얻을 수 있습니다. <a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

독점: 테마 ETF의 CEO는 "럭셔리 시장은 '중요한 전환'을 겪고 있다"고 주장

테슬라(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)의 CEO인 일론 머스크는 현재 세계에서 가장 부유한 사람이며, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41295072/tesla-robotaxi-day-event-more-fanfare-than-substance-8-analysts-on-cybercab-optimus" target="_blank" rel="noopener" data-google-interstitial="false">테슬라 주가 하락</a>에도 불구하고 2024년에 그의 재산이 증가하는 것을 지켜보았다.
예측 시장에서는 사람들이 머스크가 연말까지 세계에서 가장 부유한 사람으로 남을 것인지에 베팅할 수 있다.
무슨 일이 (What Happened): 세계에서 가장 부유한 사람의 타이틀은 지난 몇 년 동안 여러 차례 바뀌었으며, 머스크는 <a href="https://www.benzinga.com/general/education/24/06/39547388/happy-birthday-elon-musk-53-facts-and-figures-about-tesla-spacex-ceo-on-his-53rd-birthday" target="_blank" rel="noopener" data-google-interstitial="false">가장 빈번하게 억만장자</a> 목록의 1위를 차지했다.
머스크는 작년에 LVMH(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>)의 CEO인 베르나르 아르노(Bernard Arnault)에게서 <a href="https://www.benzinga.com/news/23/05/32660098/musk-back-on-top-tesla-and-twitter-ceo-overtakes-arnault-as-worlds-richest-person-but-just-barely" target="_blank" rel="noopener" data-google-interstitial="false">타이틀을 되찾았</a>다. 머스크는 또한 아마존(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)의 창립자인 제프 베이조스에게 올해 초 잠시 <a href="https://www.benzinga.com/news/24/03/37473160/jeff-bezos-overtakes-elon-musk-reclaims-worlds-richest-person-title-as-wealth-soars-to-200b">타이틀을 빼앗기기도</a> 했다.
현재 세계에서 가장 부유한 사람들의 목록은 다음과 같으며, <a href="https://www.bloomberg.com/billionaires/?sref=TBDibEcD">블룸버그</a>가 보고한 연초 대비 변화이다:
<ol>
<li>일론 머스크: 2,550억 달러 (+257억 달러)</li>
<li>제프 베이조스: 2,100억 달러 (+327억 달러)</li>
<li>마크 저커버그: 2,070억 달러 (+785억 달러)</li>
<li>베르나르 아르노: 1,900억 달러 (-173억 달러)</li>
</ol>
이 목록에는 엔비디아(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)의 CEO인 젠슨 황이 11위로 1,180억 달러의 재산을 보유하고 있다. 황의 2024년 누적 증가액 738억 달러는 주가 상승률로만 따지면 2위인 저커버그 다음이다.
오라클(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)의 공동 창립자 겸 최고 기술 책임자인 래리 엘리슨(Larry Ellison)도 세계에서 가장 부유한 5명 안에 올라 있었으며, <a href="https://www.benzinga.com/startups/24/09/40922366/oracles-larry-ellison-briefly-became-wealthier-than-jeff-bezos-heres-how-his-fortune-outpaced-amazon">지난달에는 베이조스를 제치고</a> 2위에 잠시 오르기도 했다.
칼시(Kalshi)의 예측 시장을 통해 사람들은 2024년 말에 누가 가장 부유한 사람이 될 것인지에 베팅할 수 있다. 현재 <a href="https://kalshi.com/markets/wealthy/wealthiest-person-in-world">확률</a>은 다음과 같다:
<ul>
<li>일론 머스크: 82%</li>
<li>래리 엘리슨: 11%</li>
<li>마크 저커버그: 10%</li>
<li>제프 베이조스: 6%</li>
<li>베르나르 아르노와 가족: 2%</li>
<li>젠슨 황: 2%</li>
</ul>
2024년 테슬라 주가가 10% 하락했음에도 불구하고, 머스크가 이 타이틀을 유지할 것이라고 상당히 우세하게 나타내고 있다.
메타 플랫폼스(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)와 오라클의 큰 상승은 각각 저커버그와 엘리슨을 리스트에서 상승시켰으며, 이는 베이조스와 머스크를 항상 위협하는 다른 이름들보다 그들의 확률이 더 높은 이유일 것이다.
당신은 엘론 머스크와 같은 억만장자는 아닐지라도, 독점적 데이터와 패턴 인식을 사용하여 주식 시장의 숨겨진 보석을 발견할 수 있습니다 — <a href="https://www.benzinga.com/general/entertainment/24/10/41187322/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">당신의 주목을 받을 자격이 있는 다섯 가지 주식을 확인하세요.</a>
중요한 이유 (Why It&#8217;s Important): 칼시는 재정적 결과와 선거에 대한 베팅을 허용하는 여러 예측 시장 중 하나이다. 이 회사는 최근 상품선물거래위원회(CFTC)가 시장에 이의를 제기하면서 연방 항소 법원이 이전 금지 조치를 해제한 후 2024년 선거에 대한 <a href="https://www.benzinga.com/news/24/09/40760283/betting-on-u-s.elections-federal-judges-decision-greenlights-political-wagers">베팅을 재개</a>했다.
세계에서 가장 부유한 사람에 대한 이 칼시 시장은 72,000달러 이상의 베팅이 이루어졌으며, 이는 일부 선거 예측 시장들에 비하면 미미할 수 있다.
세계에서 가장 부유한 사람의 타이틀은 종종 이야기되는 주제로, 많은 사람들에게는 그들이 창립하거나 운영한 회사들의 성취와 성공을 나타내는 타이틀이다.
2023년 말 기준으로 세계에서 가장 부유한 10명의 재산은 <a href="https://www.benzinga.com/general/education/24/01/36454392/worlds-top-10-richest-people-gained-more-wealth-in-2023-than-walmarts-total-value-how-elon-musk">1.47조 달러</a>로, 4,654억 달러가 증가하여 소매 대기업 월마트의 당시 가치보다 많았다.

다음 읽기:
<ul>
<li><a href="https://www.benzinga.com/general/education/24/09/40686893/elon-musk-is-so-rich-that-if-you-printed-1m-a-day-since-the-renaissance-you-still-wouldnt-catch">일론 머스크는 너무 부유해서, </a><a href="https://www.benzinga.com/general/education/24/09/40686893/elon-musk-is-so-rich-that-if-you-printed-1m-a-day-since-the-renaissance-you-still-wouldnt-catch">르네상스 이후</a><a href="https://www.benzinga.com/general/education/24/09/40686893/elon-musk-is-so-rich-that-if-you-printed-1m-a-day-since-the-renaissance-you-still-wouldnt-catch"> 만달러를 매일 인쇄해도 따라잡을 수 없습니다.</a></li>
</ul>
Benzinga Pro의 독점 뉴스 및 도구로 더 많은 승리를 거두세요 
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<a href="https://www.benzinga.com/pro/register?t=be2bewe5mibe3bz3&amp;utm_source=bz-kor" target="_blank" rel="noreferrer noopener">여기를 클릭</a>하여 14일 무료 체험을 시작하세요.

LVMH 모엣 헤네시 루이 비통(OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMHF#OTC">LVMHF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/LVMUY#OTC">LVMUY</a>)의 CEO인 베르나르 아르노(Bernard Arnault)의 순자산은 540억 달러 감소하여 세계 최고 부자에서 거의 5위로 밀려났다.
무슨 일이 (What Happened): 아르노의 재산은 3월에 2,310억 달러로 정점에 이르렀으며, 블룸버그 억만장자 지수(Bloomberg Billionaires Index)에서 일론 머스크와 제프 베이조스를 제쳤다. 하지만 그의 순자산은 수요일 마감 기준으로 1,770억 달러로 줄어들었다.
이러한 큰 감소로 아르노는 블룸버그 억만장자 목록의 상위 500명 중 가장 큰 부 손실을 입은 사람이 되었으며, 올해에만 300억 달러의 손실이 발생했다. 그는 이제 오라클의 공동 창업자인 래리 엘리슨(Larry Ellison)보다 단지 10억 달러 앞서 있다.
포브스(Forbes)의 순위도 이러한 하락세를 반영하여 아르노의 순자산이 1,750억 달러로 머스크, 베이조스, 엘리슨 및 마크 저커버그에 뒤처졌다.
아르노의 자산 감소는 주로 LVMH 주가가 16% 하락해 2년 만에 최저치를 기록했기 때문이다.  이 회사는 상반기에 기본 매출이 2%만 증가하고 계속사업이익이 8% 감소하는 등 어려움에 직면했다.
중요한 이유 (Why It Matters): 아르노의 급격한 순자산 감소는 명품 시장의 변동성을 강조한다. 이는 시장 과제를 해결하기 위한 아르노와 LVMH의 일련의 전략적 움직임 이후에 나온 것이다. 8월에 아르노는 가족 사무실인 아글레 벤처스(Aglaé Ventures)를 통해 <a href="https://www.benzinga.com/news/24/08/40480056/king-of-luxury-bernard-arnault-goes-ai-shopping-channelling-over-300m-in-ai-startups-as-lvmh-navigat" target="_blank" rel="noopener" data-google-interstitial="false">인공 지능 스타트업에 3억 달러 이상</a>을 투자했다.
올해 초, 아르노의 아들은 <a href="https://www.benzinga.com/markets/equities/24/02/36927006/bernard-arnaults-son-sets-sights-on-30b-watch-market-with-high-end-reinvented-pieces-after-lvmh-">300억 달러 규모의 고급 시계 시장</a>을 겨냥하여, LVMH 내에 새로운 부서를 출범시켜 이 유망한 시장에서 더 큰 점유율을 확보했다. 이 회사의 보석 및 시계 부문은 2023년에 118억 달러의 매출을 기록하여 7%의 유기적 성장을 나타냈다.
또한, 아르노는 머스크와 같은 업계 리더들과의 고위급 논의에도 참여했다. 7월에는 아르노가 머스크와 스페이스X와 루이비통 간의 잠재적 협력에 대해 논의한 적이 있다고 밝혔다, 이는 그가 고려하는 <a href="https://www.benzinga.com/news/24/07/39997764/elon-musk-bernard-arnault-once-discussed-potential-spacex-louis-vuitton-collab-im-afraid-he-will-ask" target="_blank" rel="noopener" data-google-interstitial="false">혁신적인 접근 방식</a>을 강조한다.
다음 읽기:
<ul>
<li><a href="https://kr.benzinga.com/crypto/bitcoin/%EB%B9%84%ED%8A%B8%EC%BD%94%EC%9D%B8-%EC%9D%B4%EB%8D%94%EB%A6%AC%EC%9B%80-%EB%B0%8F-%EB%8F%84%EC%A7%80%EC%BD%94%EC%9D%B8%EC%9D%80-%EC%9D%BC%EC%9A%94%EC%9D%BC%EC%9D%98-%EC%83%81%EC%8A%B9%EC%84%B8/" target="_blank" rel="noopener">비트코인, 이더리움 상승, 도지코인 하락: 해리스의 암호화폐 언급에 시장 반응</a></li>
</ul>
이미지 출처: Shutterstock
이 기사는 <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a>를 사용하여 생성되었으며 <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>에 의해 편집되었습니다.
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