Cathie Black Meets the Press... Arnault's Deep Pockets...

Cathie Black’s move from Hearst to chancellor of NYC schools gives at least one person an immediate boost.

NOUVEAU RICHE: Bernard Arnault’s pockets keep getting deeper. As part of a cover profile in its latest issue, Forbes values the LVMH Moët Hennessy Louis Vuitton chairman and chief executive officer’s net worth at $39 billion, a 41.8 percent boost from the last time the magazine estimated his fortune…in March. The piece, written by Susan Adams and Hannah Elliott, pegs the latest figure to a 60 percent surge in LVMH’s stock in the last year. Elsewhere in the issue, Arnault makes an appearance, at No. 43, on the magazine’s list of “The Most Powerful People on Earth.” Though Arnault is the most fashion-centric name on the list, he shares space with a few other power brokers with toeholds in the industry. Wal-Mart ceo Mike Duke clocks in at No. 25 and Mexican billionaire, and Saks investor, Carlos Slim Helú ranks at No. 21. — Matthew Lynch

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