Saturday, May 31, 2025

Latest

Louis Vuitton CEO Sells Private Jet To Get Away From Trackers On Twitter

Bernard Arnault, the world’s third-richest man has found a way to go under the Twitterverse’s radar.

Tired of having his flights tracked all the time, the French billionaire’s luxury goods company LVMH sold its US$73 million Bombardier Global 7500, Arnault said recently on Radio Classique. Twitter accounts like I Fly Bernard and Bernard’s Airplane have been tracking the private jet and its carbon footprint. 

Billionaires’ private jets have become such a hot topic that politicians have proposed to tax them or ban them altogether. Arnault, for his part, is still flying all over, it’s just that now he’s renting planes to fly under the radar. This move could very well start a trend for similarly annoyed CEOs.

The billionaire likely cares less about having his carbon footprint tracked and more about inadvertently revealing plans and deals. In a separate interview, his son Antoine Arnault defended the use of a private jet for business, saying it’s a “work tool” in a “hyper-competitive” industry.

“It’s not very good that our competitors can know where we are at any moment,” he added. “That can give ideas, it can also give leads, clues.”

Hedge funds have been tracking the private jets of CEOs for years, with some paying hundreds of thousands of dollars to see the movements of these deal-making executives.

Earlier this year, 19-year-old Jack Sweeney went viral after he launched the Twitter bot Elon Musk’s Jet to track the flights of Elon Musk. The world’s richest man must have gotten so annoyed that he offered to buy Twitter shortly after.


Information for this briefing was found via Bloomberg and the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

ESGold Begins Concentration Tests Ahead Of First Production

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

Related News

Elon Musk’s Talks With X’s Lenders ‘Falters’

A consortium of seven lenders led by Morgan Stanley (NYSE: MS) is left with a...

Tuesday, March 5, 2024, 10:25:53 AM

Elon Musk Appoints Linda Yaccarino as Twitter CEO, Whilst Reportedly Mulling New CEO for Tesla

Outgoing Twitter CEO Elon Musk confirmed rumours he will be appointing NBCUniversal head of advertising...

Friday, May 12, 2023, 03:24:01 PM

Elon Musk Is Running Out of Ways To Get Twitter To Make Money, Reportedly Considering Username Auctions

Twitter’s new owner Elon Musk is finding more ways to make the company’s $44 billion...

Thursday, January 12, 2023, 12:54:28 PM

George Gammon Had His Twitter Account Hacked And Needs Your Help

For those of you that may be wondering, no, George Gammon is not in fact...

Wednesday, February 22, 2023, 08:14:33 PM

Elon Musk Admits to Having Secret Twitter Accounts During Deposition — One Role-Played as His Toddler Son

Elon Musk has confirmed that he maintained two secret accounts on his social media platform...

Thursday, April 11, 2024, 08:02:28 AM