9.The Arnault Family
The Arnault family is headed by Bernard Jean Étienne Arnault, a business magnet from France and is also an art collector and investor. The net worth of the company is estimated to be $37.7 billion. He was the 14th richest in world and 2nd richest in France, in the year 2015.
Since 1989, Bernard is the CEO and Chairman of LVHM. After graduation, Bernard started working in his father’s co. After working for few years he asked his father to shift the company focus on real estate and started a new company under the name Férinel, which specialized in providing accommodation for holidays. Soon after, he took over some leading companies like Christian Dior, Le Bon Marché. His biggest investment was LVHM and this made him a known name in the market. He made LVHM the largest luxury brand of the world. In 11 years, LVHM’s market value has increased 15times and its profit 500%. He has 4 sons and 1 daughter and was married twice.
...[ Continue to next page ]
Share This Post
