Bernard Arnault, the founder and CEO of luxury conglomerate LVMH, is the richest person in the world with a net worth of $240.8 billion. Under his leadership, LVMH has become the world’s largest luxury goods company with a market value of $500 billion.
Arnault started his journey by acquiring Christian Dior’s parent company and subsequently bringing luxury brands like Celine and Louis Vuitton under the LVMH umbrella.
This Is The World’s Richest Man With $240 Billion
Arnault’s five children are all part of LVMH and are expected to take over the company in the future. Meanwhile, Arnault’s luxurious lifestyle reflects his immense wealth. He owns a mansion in Paris, a super-yacht, a private jet, a vacation home, residential properties, and a private island. His extensive art collection, which includes works by Picasso and Warhol, is also indicative of his lavish lifestyle.
Bernard Arnault, the CEO of LVMH, leads a luxurious lifestyle that reflects his immense wealth. He owns a Parisian mansion worth $220 million, a super-yacht called Symphony (one of the top 100 in the world), a Dassault Falcon 7X private jet worth $44 million, and a vacation home in Saint-Tropez worth around $13 million.
He also has residential properties in Los Angeles, Beverly Hills, and Hollywood Hills worth $106 million and a 135-acre private island in the Bahamas called Indigo Island. Additionally, his extensive art collection, which includes works by Picasso and Warhol, is estimated to be worth over $1.3 billion.
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The World’s Richest Man Mentors Children With Monthly Dinners
- French luxury magnate Bernard Arnault reportedly meets for lunch once a month with his five children to discuss strategy at his sprawling business empire.
- Arnault convenes the world’s richest family in the dining room of company headquarters in Paris for a 90-minute meal during which he asks his kids for their opinions on how best to run the conglomerate.
- The monthly sessions are part of Arnault’s overall, decades-long plan to prepare his children to run the company once he is no longer there.
- Arnault’s children are Delphine, Antoine, Alexandre, Frédéric, and Jean, who all hold senior posts within the company.
- Arnault has proposed a new company regulation that raised the retirement age of the chairman and CEO to 80.
- The scuttlebutt making the rounds through French business circles is that 48-year-old Delphine, who is Bernard’s eldest child, is the most likely candidate to succeed her dad as head honcho.
- Bernard has also made sure to groom his three younger children by enrolling them in top engineering schools.
- The conglomerate ranks as Europe’s most valuable stock by market capitalization.
- Arnault’s fortune has swelled by nearly $48 billion this year alone during a lengthy rally in the firm’s shares.
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