By  on September 8, 2012

PARIS — Squelching speculation he would soon move to Belgium to escape anti-wealth measures by France's new Socialist government, Bernard Arnault issued a statement Saturday saying that he "is and will remain" a fiscal resident of France.

Still, the luxury titan - France's richest man and chairman and chief executive of luxury giant LVMH Moët Hennessy Louis Vuitton - acknowledged he has applied to have dual French-Belgian citizenship, which prompted a torrent of press attention on a hot-button issue.

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