As if being the head of one of the world’s largest luxury goods conglomerates wasn’t enough, LVMH‘s chairman and CEO Bernard Arnault can now add another fancy title to his already ample resume: Knight Commander of the Most Excellent Order of the British Empire. His official name is now ‘Bernard Arnault KBE’–no Sir. (Still confused? Click here.)
According to WWD, Arnault was awarded the elaborate-sounding honor during a secret ceremony at Prince Charles’s London pad. How secret, you ask? Super-secret. As per an LVMH spokesperson, it was a “private event, with no photos or further details available.” Got it.
The honor comes on the heels of controversy in Arnault’s native France, after it was revealed the luxury exec had applied for Belgium citizenship to avoid the impending tax hike. Arnault’s company employees some 3,000 people and runs 100 stores in the UK. Already acknowledged by Forbes as the 10th richest billionaire in the world, there’s no doubt the monarchy’s blessing will only result in an increase in Arnault’s UK presence (and profit). A good thing for Arnault–as long as they don’t ask him to pay taxes.