CEO and Chairman: LVMH Group (LVMUY)
Net worth: $138 billion
Owned by Christian Dior: 97.5% ($109 billion total)
Other assets: Moelis & Company shares (his $20.9 billion in public assets), Hermès shares (percentage undisclosed), and his $8.85 billion in cash
Frenchman Bernard Arnault is the chairman and CEO of LVMH, the world’s largest luxury goods company.
LVMH brands include Louis Vuitton, Hennessy, Marc Jacobs and Sephora.
Much of Arnault’s fortune comes from his large stake in Christian Dior SE, the holding company that owns his 41.2% stake in LVMH.
His stake in Christian Dior SE and his 6.2% stake in LVMH are held by his family’s holding company, his Groupe Familial Arnault.
An engineer by training, Arnaud first displayed his business acumen while working for his Ferret-Savinel, his father’s construction company, which he took over in 1971. .
In 1979, he turned his Ferret-Savinel into a real estate company, Férinel Inc.
Arnault served as CEO of Ferrinel for six years before restructuring the luxury goods maker Financière in 1984, eventually joining Christian Dior and Le He Bon He Marché. .
In 1987 he was invited to join his investment in LVMH and two years later became the company’s controlling shareholder, chairman and chief executive officer.
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