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Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, speaks at the inauguration of the Atelier Louis Vuitton Vendome in Vendome, France, on Tuesday, Feb. 22, 2022. Arnault showed up at the new Louis Vuitton workshop in rural France, that will eventually create 400 jobs, with an A-list entourage that included French Finance Minister Bruno Le Maire as well as son Frederic. Photographer: Nathan Laine/Bloomberg via Getty Images

Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, speaks at the inauguration of the Atelier Louis Vuitton Vendome in Vendome, France, on Tuesday, Feb. 22, 2022. Arnault showed up at the new Louis Vuitton workshop in rural France, that will eventually create 400 jobs, with an A-list entourage that included French Finance Minister Bruno Le Maire as well as son Frederic. Photographer: Nathan Laine/Bloomberg via Getty Images