World’s second richest man, Bernard Arnault, sells private jet so Twitter can’t track him – and says now, ‘no one can see where I go’
- Bernard Arnault, the head of luxury empire LVMH, recently revealed the group had sold its private jet over the summer to stop Twitter accounts tracking his travels
- Accounts sprang up to track the planes of French billionaires and to point out the pollution they cause. Arnault says now he rents private planes instead
The world’s second-richest man has had enough of the Twitterverse tracking his every move in his private plane.
The subject became a hot topic in France over the summer, with some politicians proposing to ban or tax private jets. One of the Twitter accounts bemoaned the fact that the LVMH jet had ceased to be registered in France.
“Indeed, with all these stories, the group had a plane and we sold it,” Arnault said on the LVMH-owned radio station. “The result now is that no one can see where I go because I rent planes when I use private planes.”
“Our industry is hyper-competitive,” he said, and a private plane gives executives an edge in the race to be first to a new product or deal. LVMH sold its plane over the summer, he said.
In the recent radio interview alongside his father, the younger Arnault said there is another business reason for keeping the company’s travels secret.
“It’s not very good that our competitors can know where we are at any moment,” he said. “That can give ideas, it can also give leads, clues.”