Four letters that resonate around the world. LVMH for Louis Vuitton-Moët Hennessy, the world’s #1 luxury brand, born in 1987. The CEO, Bernard Arnault, is today the richest man in the world.
Four letters, but 75 brands, from Veuve Clicquot to Guerlain. The Arnault Group is the largest shareholder with 46.8%, via the Christian Dior holding company, followed by foreign institutional investors with 34.4%, French institutional investors with 13% and natural persons with 5% (2017 LVMH figures).
Bernard Arnault
France’s position #1
Born in 1949 • LVMH
UP: 196 billion euros | $211 billion
to Bernard ArnaultLVMH’s adventure began when it was created, with the purchase of shares through a company established in the luxury sector. His fortune is now estimated at $158 billion. LVMH, the world leader in luxury, brings together 75 exceptional Maisons, generating sales of €79.2 billion in 2022 through a global network of more than 5,600 stores. In December 2022, he dethroned Elon Musk by becoming, along with his family, the largest fortune in the world. In March 2023, his wealth has been evaluated by Forbes At $211 billion.
<<< Also Read: Exclusive | FORBES FRANCE 2023 ranking of the 43 French billionaires >>>