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Ronald Reagan gave it to Martha Graham. George W. Bush gave it to Dolly Parton. Barack Obama gave it to Sonny Rollins and Meryl Streep. President Trump became the first president not to give it at all for two years.
On Wednesday, while becoming the first American president to be impeached twice, Trump bestowed the National Medal of Arts to Toby Keith and Ricky Skaggs, among three others. The awards, handed out in an unusually low-profile, unpublicized ceremony that was not officially announced until the following day, quickly turned the honor into a political statement. It also spurred some to ask: What exactly is the National Medal of Arts? And why does it matter?
Arnault heir joins power trio in charge of Tiffany and Co Alexandre Arnault is being widely regarded as the heir apparent of his father’s French luxury goods empire LVMH with his appointment to the new executive leadership of Tiffany and Co. Arnault (pictured), 28, is the second eldest son of Bernard Arnault (pictured below), 71, the billionaire chairman and chief executive of LVMH. The next-gen led luggage manufacturer RIMOWA since January 2017, after initiating and leading its acquisition by LVMH. Arnault junior became executive vice president, product and communications of Tiffany this week at a disruptive time for the premium market during the coronavirus pandemic. The appointment of the new leadership team came at the completion of LVMH’s turbulent record $15.8 billion acquisition for the US luxury jeweller last month.
The Next Generation of Philanthropists Last Updated: Dec. 7, 2020 at 9:57 a.m. ET First Published: Dec. 7, 2020 at 9:53 a.m. ET By
Penta s December 2020 cover, featuring (from top left) Valerie Rockefeller, Justin Rockefeller, Josh Lauder, Stephen Curry, Ayesha Curry, Adrian Cheng, Melinda Gates, and Bill Gates. Illustration by Gluekit; Clockwise from top left: Courtesy of Valerie Rockefeller; Courtesy of Justin Rockefeller; Mattie C. (Lauder); Kelly Sullivan/Getty Images (Curry); Giulia Marchi/Bloomberg (Cheng); Frederic Stevens/Getty Images (Gates) Email icon
Rising Philanthropists, Focused On Results
Increasingly, wealthy individuals are taking a strategic approach to philanthropy, aiming to achieve specific outcomes rather than simply writing a check.