World's Fifth Richest Man Was Once Denied Access To His Office For Driving A $12,000 Hatchback. The Security Guard Thought It Was Impossible

Benzinga10-31

Not every billionaire rolls up in a flashy supercar. Bernard Arnault, head of LVMH (OTC:LVMHF) and currently the fifth richest person in the world, once showed up driving a modest Peugeot 205 GTI at ...

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Bernard Arnault, head of LVMH (OTC:LVMHF) and currently the fifth richest person in the world, once showed up driving a modest Peugeot 205 GTI at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/worlds-fifth-richest-man-once-193530975.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>World's Fifth Richest Man Was Once Denied Access To His Office For Driving A $12,000 Hatchback. 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The Security Guard Thought It Was Impossible\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-31 03:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/worlds-fifth-richest-man-once-193530975.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Not every billionaire rolls up in a flashy supercar. Bernard Arnault, head of LVMH (OTC:LVMHF) and currently the fifth richest person in the world, once showed up driving a modest Peugeot 205 GTI at ...</p>\n\n<a href=\"https://finance.yahoo.com/news/worlds-fifth-richest-man-once-193530975.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LVMHF","symbol_name":"LVMH-Moet Hennessy Louis Vuitton","start_time":0,"source_url":"https://finance.yahoo.com/news/worlds-fifth-richest-man-once-193530975.html","article_id":"2479751011","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/cAvhZLo6Fl7YylWZSf9Qpw--~B/aD01NzU7dz0xMDIyO2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/Benzinga/99fa4d60126d33a60b6b7a9fa6819ba3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479751011","pubTimestamp":1730316930,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Not every billionaire rolls up in a flashy supercar. Bernard Arnault, head of LVMH  and currently the fifth richest person in the world, once showed up driving a modest Peugeot 205 GTI at his own company. The result?The security guard at the gate thought it was impossible for someone of Arnault's stature to drive such an unassuming car and refused him entry.How do billionaires pay less in income tax than you?Warren Buffett once said, \"If you don't find a way to make money while you sleep, you will work until you die.\" Here’s how you can earn passive income with just $100.As Motorionline reports, Arnault even modified his Peugeot for security reasons. The compact car was given B2 armor, protecting against non-large-caliber shots and it featured bulletproof windows and heavy plating, adding significant weight.These days, Arnault oversees the massive LVMH empire, which includes 75 luxury brands like Louis Vuitton, Tiffany and Sephora. Even as Ar","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LVMHF":"LVMH-Moet Hennessy Louis Vuitton","BK4202":"服装、服饰与奢侈品","LVMUY":"路易威登"},"translate_title":"这位世界第五富有的人曾因驾驶一辆价值12,000美元的掀背车而被拒绝进入他的办公室。保安认为不可能","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LVMHF":0.9,"LVMUY":0.9},"content_text":"Not every billionaire rolls up in a flashy supercar. Bernard Arnault, head of LVMH (OTC:LVMHF) and currently the fifth richest person in the world, once showed up driving a modest Peugeot 205 GTI at his own company. The result? The security guard at the gate thought it was impossible for someone of Arnault's stature to drive such an unassuming car and refused him entry.\nDon't Miss:\n\nHow do billionaires pay less in income tax than you? Tax deferring is their number one strategy.\nWarren Buffett once said, \"If you don't find a way to make money while you sleep, you will work until you die.\" Here’s how you can earn passive income with just $100.\n\nIn the 1990s, when Arnault's fortune grew immensely, he opted for a more subtle way to get around. He bought himself a Peugeot 205 GTI – a small, everyday car worth around $12,000 at the time. Unlike most billionaires who choose a high-profile vehicle or a luxury limousine, Arnault sought a vehicle he could drive without calling attention to himself. It wasn't about luxury or showing off but practicality and safety.\nAs Motorionline reports, Arnault even modified his Peugeot for security reasons. The compact car was given B2 armor, protecting against non-large-caliber shots and it featured bulletproof windows and heavy plating, adding significant weight. \nSee Also: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence. \nThe small hatchback’s full leather interior was the only hint of luxury within its otherwise unassuming exterior. Despite the added armor, the car looked quite ordinary, which Arnault wanted – a way to move around unnoticed.\nBut this low-key strategy produced an unexpected, almost humorous, moment. When Arnault arrived at his workplace in the Peugeot one day, the security guard turned him away. Unaware of the billionaire's identity, the guard found it hard to believe that someone with Arnault’s wealth would drive such a basic vehicle. \nEven though the incident occurred on a weekend when there wasn’t the typical commotion, it demonstrated how well Arnault had adapted to his surroundings.\nTrending: ‘Scrolling to UBI': Deloitte's #1 fastest-growing software company allows users to earn money on their phones – invest today with $1,000 for just $0.25/share\nToday, Arnault's modest Peugeot 205 GTI has become a collectors' item. Despite its modest beginnings, the car's unique history and connection to the LVMH chairman have made it a coveted piece for enthusiasts. It was sold at auction in 2018 for about $40,000 and is now back on the market with an asking price of nearly $66,000 – far beyond what one would expect for a car of its kind but fitting given its previous owner.\nThese days, Arnault oversees the massive LVMH empire, which includes 75 luxury brands like Louis Vuitton, Tiffany and Sephora. Even as Arnault’s wealth fluctuates – he recently saw a $54 billion drop due to a decline in LVMH’s stock price – his story about driving an armored hatchback reminds him that not all billionaires live to flaunt their wealth.\nRead Next:\n\nAccording to Vanguard’s Advisor’s Alpha Study, working with a financial advisor can result in approximately 3% higher net returns annually, here are the benefits of partnering with a financial advisor and how to find the right one near you in minutes.\nDeloitte's fastest-growing software company partners with Amazon, Walmart & Target – You can still get 4,000 of its pre-IPO shares for just $1,000\n\nUp Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.\nGet the latest stock analysis from Benzinga?\n\nThis article World's Fifth Richest Man Was Once Denied Access To His Office For Driving A $12,000 Hatchback. The Security Guard Thought It Was Impossible originally appeared on Benzinga.com\n© 2024 Benzinga.com. Benzinga does not provide investment advice. 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