Monday, February 6, 2023

Splitting a $196 billion fortune

Here's today's Big Take.

Feb. 6, 2023

The Arnault family, from left to right: Alexandre, Frederic, Jean, Helene Mercier, Bernard, Delphine and Antoine. Photographer: Lewis Joly/JDD/SIPA

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From the Murdochs to the Kochs and Ambanis, one thing is clear: Succession planning is a fraught exercise. But through a series of moves over the past year, many of which have escaped public attention, Bernard Arnault, the world's richest man, has laid the groundwork he hopes will prevent such an outcome for his own family empire. 

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What information can a balloon like China's collect? And what does this incident mean for US-China relations? Rosalind Mathieson, who oversees Bloomberg's government and political coverage around the world, joins this episode to sort out what this was all about — and where things go from here. 

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