• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceLVMH
Europe

Europe’s richest man Bernard Arnault is suing X owner Elon Musk

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
November 13, 2024, 4:46 AM ET
Elon Musk's wealth has soared in recent days to over $319 billion.
Elon Musk's wealth has soared in recent days to over $319 billion.Jabin Botsford/The Washington Post via Getty Images

Several leading French media groups, including two publications owned by French billionaire Bernard Arnault, are suing social media platform X, accusing it of running their content without payment.

Recommended Video

Newspapers including Arnault’s Les Echos and Le Parisien titles, along with Le Figaro, Le Monde, Courrier International, Huffington Post, and Le Nouvel Obs said in a statement on Tuesday that they were launching joint action against the social media company run by US billionaire Elon Musk.

The French media groups accuse the site formerly known as Twitter of violating so-called neighbouring rights, which under a European directive adopted into French law are due when social media platforms republish news content.

Arnault is the founder, chairman and CEO of luxury giant LVMH and one of the most influential figures in European business. He is Europe’s richest man, currently worth $164 billion, although his wealth has plummeted this year owing to a luxury industry slowdown. Arnault and his family hold massive sway in France, with stakes across luxury couture, real estate, entertainment, and more.

It’s a lawsuit that threatens to put Arnault on a legal collision course with X’s owner and the world’s richest man Elon Musk, whose $319 billion fortune has been soaring since the election of Donald Trump.

AFP last week sued X over the same issue and a court hearing has been set for May 15, 2025, according to the agency’s management.

The newspapers, as well as AFP, had already asked for an emergency injunction against X, which they accuse of not negotiating.

On May 24, a Paris tribunal agreed with the media companies, and gave X two months to provide commercial data that would allow them to assess the income it earns from their content.

The social media site “has not yet complied” with this decision, “demonstrating its continued intent to avoid its legal obligations”, the newspapers said, justifying their latest suit.

Last week, around 50 other mainly regional French media groups said they had filed legal action against Microsoft, another US digital giant.

They are claiming several million euros in a series of summons filed with Paris courts under the charge of “counterfeiting”.

The issue of neighbouring rights has poisoned relations between the French press and Internet companies for the past five years.

In 2021, agreements were signed with Meta, owner of Facebook, and in 2022 with Google. Some were framework agreements, and others individual arrangements.

But last March, matters again took a confrontational turn when the French Competition Authority fined Google 250 million euros ($265 million), accusing it of failing to meet some of its commitments made in 2022.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By AFP
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Most Popular

placeholder alt text
AI
Thousands of CEOs just admitted AI had no impact on employment or productivity—and it has economists resurrecting a paradox from 40 years ago
By Sasha RogelbergFebruary 17, 2026
1 day ago
placeholder alt text
Personal Finance
You need $2 million to retire and 'almost no one is close,' BlackRock CEO warns, a problem that Gen X will make 'harder and nastier'
By Sydney LakeFebruary 17, 2026
1 day ago
placeholder alt text
Economy
Trump crackdown drives 80% plunge in immigrant employment, reshaping labor market, Goldman says
By Nick LichtenbergFebruary 17, 2026
1 day ago
placeholder alt text
Economy
$56 trillion national debt leading to a spiraling crisis: Budget watchdog warns the U.S. is walking a crumbling path
By Nick LichtenbergFebruary 17, 2026
1 day ago
placeholder alt text
Personal Finance
Current price of silver as of Tuesday, February 17, 2026
By Joseph HostetlerFebruary 17, 2026
1 day ago
placeholder alt text
Commentary
Something big is happening in AI — and most people will be blindsided
By Matt ShumerFebruary 11, 2026
7 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Finance

Personal FinanceCertificates of Deposit (CDs)
Best no-penalty CDs of 2026
By Joseph HostetlerFebruary 18, 2026
2 hours ago
barr
AILabor
AI doomsday where many workers are ‘essentially unemployable’ is totally possible, Fed governor says
By Nick LichtenbergFebruary 18, 2026
2 hours ago
Man in black t-shirt talking
AIIPOs
Figma investors cheer 40% growth, ties to Anthropic and OpenAI—but concerns remain about letting the ‘fox into the hen house’
By Amanda GerutFebruary 18, 2026
2 hours ago
hassett
EconomyTariffs and trade
Top Trump advisor furious about true cost of tariffs being revealed, vows to punish New York Fed for ‘worst paper’ ever in history
By Jake AngeloFebruary 18, 2026
3 hours ago
robot
AICareers
Deutsche Bank asked AI how it was planning to destroy jobs. And the robot answered
By Nick LichtenbergFebruary 18, 2026
3 hours ago
Real EstateZohran Mamdani
Why Zohran Mamdani is threatening to soak the middle class if he can’t tax the rich
By Catherina GioinoFebruary 18, 2026
3 hours ago