- Bernard Arnault is the world’s richest man. He has a web value of $201 billion, in response to Bloomberg.
- He controls the large luxurious conglomerate LVMH, and his youngsters all maintain roles within the enterprise.
- He is now in talks to purchase French journal Paris Match, in accordance to the Wall Avenue Journal.
No identify is probably extra synonymous with the world of luxurious items than Bernard Arnault.
Arnault, the 75-year-old CEO of French luxurious conglomerate LVMH Moët Hennessy Louis Vuitton, or simply LVMH for brief, constructed his fortune over the span of just about 4 many years, amassing a luxury-goods empire that features a number of the best-known manufacturers in trend, jewellery, and alcohol, together with Louis Vuitton, TAG Heuer, and Dom Pérignon.
Earlier this week, he reclaimed the title of the world’s richest individual, and has a web value of about $201 billion, in response to Bloomberg. He, Amazon founder Jeff Bezos, and Tesla CEO Elon Musk have traded locations on and off over the previous 12 months.
Alongside the way in which to the highest, Arnault has introduced his 5 grownup youngsters into the fold, constructing a family-run enterprise that has resulted in immense wealth and even drawn comparisons to the hit HBO present Succession (which Arnault has dismissed).
Arnault is now in talks so as to add French journal, Paris Match, to his rising empire for round $109 million, in accordance to the Wall Avenue Journal. Whereas the acquisition could be little greater than pocket change for the multi-billionaire, Paris Match’s worth comes from its social affect. The journal has lengthy been identified for chronicling the higher echelons of French society, in response to the Journal.
Here is a more in-depth have a look at how Arnault and his household rose to the highest:
