Why LVMH’s founder is the world’s richest man

This week in The Fin podcast, fashion editor Lauren Sams tells us what’s happening on the runways in Paris, why Gen Z is so interested and how it’s reshuffled the rich list rankings. And AFR Magazine editor Matthew Drummond gives his take on the big challenge facing luxury brands.

Paris Fashion Week was emblematic of an important shift happening at the highest levels of corporate power this year. Bernard Arnault, the founder of luxury fashion powerhouse LVMH, became the first European to rise to the top of the world’s rich lists, knocking tech titan Elon Musk off his perch.