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Donald Trump is cozying up to the son of the world's richest man, hosting Alexandre Arnault at Mar-a-Lago and calling him 'a young man on the move'

Feb 16, 2023, 11:53 IST
Business Insider
Donald Trump and Alexandre Arnault.Scott Eisen/Getty Images; Jim Poorten/NBAE via Getty Images
  • Donald Trump hosted Alexandre Arnault and his wife at his Mar-a-Lago resort in Florida.
  • Trump documented the dinner in an adoring Truth Social post on Wednesday night.
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Former President Donald Trump is cozying up to the scion of one of the world's richest families — hosting Alexandre Arnault, son of LVMH CEO Bernard Arnault, at his Mar-a-Lago resort in Florida.

"It was great having Alex Arnault of LVMH, and his wonderful wife, Géraldine, for dinner at Mar-a-Lago," Trump posted on Truth Social on Wednesday. He did not specify when the dinner was.

"He is a young man on the move, the son of one of the great businessmen and leaders in Europe, and in the World," Trump wrote of Arnault, who is 30.

In his post, Trump also wrote that "Alex is very excited about the re-opening of Tiffany."

"It will be a truly spectacular renovation, and bring Tiffany into a new Era of fabulous Success and Growth!" Trump said.

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The company's Fifth Avenue flagship store in New York City is a stone's throw from Trump Tower. It is under renovation and set to open in the first half of 2023.

Alexandre Arnault is an executive vice president at Tiffany & Co., which is part of his father's business empire. He is the third-oldest of Bernard Arnault's five children, and his siblings also have high-powered roles at other LVMH companies.

Arnault did not post about his visit to Mar-a-Lago on Instagram or Twitter. The latest post on his wife Géraldine Guyot-Arnault's Instagram showed the couple celebrating Valentine's Day in New York City.

It is unclear why Trump decided to host Arnault and his wife at Mar-a-Lago this week, or why they went. Trump said in his Truth Social post that the two were "celebrating the deal we made on the former Nike Store on East 57th Street and Fifth Avenue."

That was likely a reference to how Nike in 2017 left its East 57th Street space — which was managed by the Trump Organization. Forbes reported in June 2022 that Tiffany took over the former Nike store space, and is likely paying rent to the Trump Organization while waiting for renovations on its flagship store to be completed.

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Trump's liking for Tiffany & Co. has been well-documented. He named his youngest daughter, Tiffany Trump, after the store.

Trump also wrote about how much the Tiffany & Co. flagship store enthralled him in his 1987 book, "The Art of the Deal," describing it as "the site that excited me the most" in Manhattan.

A spokesman for Trump and Arnault's representatives at Tiffany & Co. did not immediately respond to Insider's requests for comment.

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