Dec 15, 2022
Bernard Jean Étienne Arnault is the co-founder, chairman, and chief executive of LVMH Moet Hennessy – Louis Vuitton SE, the world's largest luxury goods company.
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Bernard Arnault has topped the Forbes Billionaires List as the world's richest person.
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Earlier, Tesla and Space X founder Elon Musk was the richest man in the world.
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Arnault's family has an estimated net worth of US$188.6 billion.
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Arnault’s rise to the top is thanks to the astonishing performance of LVMH during the pandemic.
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Arnault worked for the Ferret Savinel family firm before relocating to the US in 1981 and starting a career in real estate development, as per LVMH website.
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LVMH group owns popular brands like Guerlain, Acqua di Parma, Parfums Christian Dior, Givenchy Paris, Perfumes Loewe, Benefit Cosmetics, Make Up For Ever, Kenzo Parfums, Fresh, KVD Vegan Beauty, Marc Jacobs Beauty, Fenty Beauty and Sephora.
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Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone.
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Antoine Arnault, son of Bernard, is the Vice-Chairman and CEO of Christian Dior SE.
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