Jean Arnault, director of Louis Vuitton’s watch division, has to contend with a tough luxury market and stubborn young consumers.

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

For his latest Vuitton collection, Pharrell Williams tapped his best bud Nigo to be co-creative director. And Bernard Arnault made it back from the Trump inauguration to see it.

The LVMH Moët Hennessy Louis Vuitton titan had prime seating near former Presidents Bill Clinton, George Bush and Barack Obama.

From the color of their neckties to the fit of their suits, male politicians can be intentional with their choices.

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

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

LVMH, which is controlled by the family of multibillionaire Bernard Arnault, was a major sponsor of the Summer Games in Paris.

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

LVMH has reclaimed its spot as the biggest company in Europe, overtaking Novo Nordisk after a significant drop in the drugmaker's shares. The cause? Concerns that the US governmen

When Donald Trump was sworn in on Monday, he was flanked by billionaires Elon Musk, Jeff Bezos and Mark Zuckerberg.Also on the dais was Apple CEO Tim Cook, Open AI's CEO Sam Altman, and Bernard Arnault owner of L-V-M-H which owns luxury brands like Dior and Louis Vuitton.

“The golden age of America begins right now,” Trump proclaimed. For his billionaire backers, it has already begun.