Bernard Arnault's New Megayacht Acquired Through Maltese Company to Avoid French Taxes

Bernard Arnault, the CEO of LVMH and one of the world's wealthiest individuals, has purchased a new megayacht estimated at over 500 million euros. The acquisition was made via a company registered in Malta, a strategy similar to that used for his current yacht, the Symphony. This arrangement allows Arnault to potentially avoid French taxes, despite his public claims of being a top taxpayer in France. The vessel, measuring 101 meters in length, is among the largest globally but may face restrictions under new port regulations in Naples, Italy, where it exceeds size limits by 26 meters. The report highlights how high-net-worth individuals utilize offshore entities to minimize tax liabilities, raising questions about fiscal patriotism among the ultra-rich. The context includes broader discussions on wealth inequality and tax avoidance, as referenced in related content about multinational corporations and economic disparities. The article was published on March 29, 2026, by artsixMic, focusing on factual details without endorsing any political stance.