CEO of LVMH Bernard Arnault, who said he wanted to get a Belgian passport in September of last year, now declared in an interview with French paper Le Monde he no longer intends to go through with it.
“I am not a fiscal fugitive”
When it became clear in September that Bernard Arnault, tenth on the Forbes-list of richest people on earth, wanted the Belgian nationality, a debate started about the superrich, who go to other countries for fiscal asylum.
According to the interview in Le Monde, Bernard Arnault never wanted to be a fiscal fugitive. His most important motive, says Le Monde, was to protect his heritage if his future heirs did not come to an agreement about the division of the heritage, which could lead to the crumbling of the empire he built.
Arnault claims he never had the intention to leave France, nor to evade French taxes. With the withdrawal of his request for a Belgian passport, he wishes to confirm his commitment to the country and his trust in the future.