LVMH's Antoine Arnault Bought $19 Million Saint-Tropez Villa.

Antoine Arnault, the son of billionaire Bernard Arnault, has purchased a €17.5 million ($18.8 million) property in the exclusive Parcs de Saint-Tropez neighborhood. The property includes a 350 square meter main house, 4,000 square meters of land, and a swimming pool. The gated community is known for its expensive houses and is separate from the touristy town center. Antoine Arnault, who works for LVMH Moet Hennessy Louis Vuitton SE, bought the property through a special-purpose vehicle. Saint-Tropez has a history of attracting celebrities and wealthy individuals, and Bernard Arnault is Europe's wealthiest person. [Extracted from the article]