World's Richest Man Likes the View Atop Refurbished Tiffany

The CEO of LVMH, Bernard Arnault, said that profits have doubled at the American jeweler, which reopened its flagship store this week.

Bernard Arnault, a young New York tycoon in the 1980s realized that some of the most valuable property was located at the corner of Fifth Avenue & 57th St. He bought the building housing the Louis Vuitton store at the northeast corner and got a good view of Tiffany & Co. to the south.

In a rare, exclusive interview, Mr. Arnault spoke from the newly renovated Tiffany's store's top-floor glass enclosure, where he was able to look out over his domain. He has now three.