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Bernard Arnault Unknown Facts

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With a net worth of $ 89.7 billion as of June 2019, the luxury giant Bernard Jean Étienne Arnault is the richest man of Europe and currently the fourth richest in the world.  He chairs and runs LVMH, the world’s largest luxury goods company.

Bernard Arnault is also popularly known as the “Pope Of Fashion.”

Here are some unknown facts about him.

1) Bernard Arnault, the owner of the luxury empire LVMH, first realised the value of a brand at the age of 21 in the U.S.A., when a taxi driver he hired identified France with nothing else but Christian Dior.

2) In 2008, he expanded his empire by purchasing Princess Yachts, one of Britain’s leading motor boat companies.  He followed it up with the purchase of Royal Van Lent in the same year.

3) Bernard Arnault is not only the owner of LVMH, but also the proud owner of a private island.  His private island is called Indigo Island and is worth $ 35 million. Spread over an area of 133 acres, this island has a number of hilltop villas, beaches and tennis courts.  Arnault love tennis and is often seen playing the sport to keep himself fit. His favourite tennis player is Roger Federer.

4) Bernard Arnault married Anne Dewaverin in 1973. Their marriage lasted for seventeen years after which they went their separate ways in 1990. Arnault remarried Hélène Mercier in 1991. Arnault has 5 children from his two marriages.

5)  Arnault is a trained pianist and is known to play piano in his free time.  In fact, Arnaults’s second wife is also a Canadian concert-piano player.

6) In the year 2007, Bernard Arnault was awarded the title of Commander of the French Legion Of Honour. This award has five rankings of which Commander is the third.

7) Arnault was honoured with the title of Knight Commander of the Most Excellent Order of the British Empire in the year 2012.  He is allowed to use KBE after his initials because of this.

8) Bernard Arnault’s autobiography, titled The Creative Passion, is one among the bestselling books of France. This book highlights his personal life and his take on money and success.  

9) For charity, Arnault does not donate sums of money, instead he believes in offering people what they actually need. He is known to supply violins to talented musicians and also helps young creative minds by encouraging them to pursue their dreams.  

10) Arnault is a noted art collector and as a result, built a $ 135 million Louis Vuitton Foundation museum near Paris.  He also started the “LVMH Young Fashion Designer” as a competition for students.

With his hard work and perseverance, Arnault managed to amass a huge luxury empire with more than 70 luxury brands under LVMH.

Comment and let us know which of these facts impressed you the most.

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Meta’s Upcoming AR Glasses: A Sneak Peek

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Meta is developing its first true AR glasses, set to launch in 2027. Before the public release, employees will test the device starting in 2024. The company is also releasing new generations of Ray-Ban smart glasses in 2023 and 2025 with enhanced features like a “viewfinder” display.

Specifications and Features

The AR glasses are expected to feature OLED displays and Qualcomm Snapdragon chipsets, offering sophisticated AR and AI capabilities. They will enable users to interact with virtual objects and project high-quality holograms of avatars onto the real world.

Design and Competition

Meta aims for a sleek design, potentially building on its Ray-Ban partnerships. The AR glasses market is competitive, with Apple and Google also investing heavily. Meta seeks to make its AR glasses a game-changer by offering a unique user experience.

Future Plans

In addition to AR glasses, Meta is expanding its VR offerings with new headsets like the Quest 3 and exploring other wearable technologies. The company is focused on reducing costs to make the AR glasses more consumer-friendly by launch.

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

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From Digital Wallet to Stock Market: MobiKwik Expands Its Horizons with New Brokerage Venture

MobiKwik is venturing into the stock broking sector with the launch of its subsidiary, MobiKwik Securities Broking Private Limited (MSBPL), following approval from the Ministry of Corporate Affairs on March 3, 2025. This move aims to diversify MobiKwik’s offerings beyond its core digital payments services and compete with established players like Zerodha and Groww.

MSBPL will provide a range of brokerage services, including trading in shares, securities, commodities, and derivatives. The subsidiary has an initial capital of Rs 1 lakh, with plans for an additional Rs 2 crore investment to support its operations.

As MobiKwik enters this competitive market, it brings a substantial user base of 172 million and a merchant network of 5 million. Despite recent financial challenges, including a reported loss of Rs 55.2 crore in Q3 FY25, the company aims to leverage its existing infrastructure and user engagement to capture a share of the growing investment technology market, projected to reach $74 billion by 2030.

This strategic expansion aligns with MobiKwik’s broader goals of enhancing its financial service

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

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Strategic Shift: Nazara Sells Entire Stake in Sports Unity Amid Financial Challenges

Nazara Technologies has sold its entire 71.54% stake in Sports Unity Private Limited, the company behind the multiplayer quiz game ‘Qunami’, for INR 7.15 lakh. This divestment, effective March 25, 2025, signifies a strategic shift for Nazara, which had previously acquired a controlling interest in Sports Unity in 2019 for INR 7.5 crore.

The decision to offload the stake comes as Sports Unity has faced financial difficulties, reporting no active business operations and a negative net worth of INR 0.45 crore at the end of FY24. This move aligns with Nazara’s broader strategy to streamline its operations and concentrate on more profitable ventures within the gaming sector.

This sale follows Nazara’s recent divestment of a 94.85% stake in another subsidiary, Open Play, to Moonshine Technologies for INR 104.33 crore. Despite reporting record quarterly revenue of INR 544.7 crore in Q3 FY25, Nazara experienced a 53.5% decline in net profit year-over-year.

Nazara continues to focus on enhancing its portfolio through strategic acquisitions and investments in high-potential gaming platforms while navigating the competitive landscape of the gaming industry.

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