Last updated: February 16. 2013 11:48PM - 70 Views

FILE - In this Feb. 5, 2009 file photo, Bernard Arnault. Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, the Paris-based luxury goods empire, presents the group's 2008 results in Paris. La Libre Belgique newspaper reported Saturday Sept.8, 2012 that Arnault's citizenship application was confirmed by the head of Belgium's naturalization office. French media drew a connection to French President Francois Hollande's plan to raise the tax rate on France's highest earners to 75 percent. (AP Photo/Michel Euler, File)
FILE - In this Feb. 5, 2009 file photo, Bernard Arnault. Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, the Paris-based luxury goods empire, presents the group's 2008 results in Paris. La Libre Belgique newspaper reported Saturday Sept.8, 2012 that Arnault's citizenship application was confirmed by the head of Belgium's naturalization office. French media drew a connection to French President Francois Hollande's plan to raise the tax rate on France's highest earners to 75 percent. (AP Photo/Michel Euler, File)
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(AP) The tycoon stakeholder of French newspaper Liberation is defending his paper's stinging criticism of another tycoon: Europe's richest man, Bernard Arnault, who is seeking citizenship in Belgium, where taxes are lower.


Edouard de Rothschild said his paper's controversial headline Monday that told Arnault who's worth an estimated $41 billion to "Get lost, rich jerk" amounted to a "beautiful marketing operation."


It's thought that Arnault the CEO of fashion giant LVMH is trying to dodge the Socialist government's planned 75 percent tax on the highest earners a charge he vehemently denies. Arnault is suing the paper for "public injury."


In a jibe, Rothschild said he would pay French taxes "wholeheartedly."


The newspaper plastered its Tuesday edition with ads for a top LVMH rival, fashion house YSL.


Associated Press
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