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Bernard Arnault Owes €22.5 Million in French Taxes

Arnault and his wife have been involved in a dispute with France’s authorities for several years related to tax liabilities.

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By: Rachel Klemovitch

Assistant Editor

According to reports, Bernard Arnault, Chairman and CEO of LVMH, has been ordered to pay €22.5 million in taxes by a Paris, France court.

Arnault and his wife are allegedly ordered to pay €12.96 million in tax and other contributions for late payments for 2010 and €9.5 million for 2012 to 2015, AFP reported, citing court documents.

Arnault and his wife have been involved in a dispute with France’s authorities for several years related to tax liabilities.

Arnault has reportedly earned an annual gross fixed compensation of €1.1 million this year and variable compensation based on LVMH’s performance. He is also France’s richest man, according to Bloomberg’s Billionaires Index, with a net worth of $164 billion. 

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