Bernard Arnault & family is now the world’s richest person with a net worth of $198.4 billion, overtaking Elon Musk in 2022.
Bernard Arnault is the CEO and Chair of LVMH (Moët Hennessy Louis Vuitton), the world’s largest luxury goods company. He is a French billionaire and one of the most powerful people in the world.
Arnault’s success began in the 1980s when he took over the helm of his family’s construction business. He then used his profits to purchase a stake in the luxury goods company, Financière Agache. From there, he went on to acquire a number of luxury brands, including Louis Vuitton, Moët & Chandon, and Hennessy.
In the 1990s, Arnault expanded his empire by acquiring the fashion house Christian Dior. He then merged LVMH with the Christian Dior Group to create the world’s largest luxury goods company.
Arnault has also been involved in philanthropy, donating millions of dollars to various charities and causes. He is also a major supporter of the arts, having donated to the Louvre Museum and the Centre Pompidou.
Arnault’s success has been attributed to his business acumen and his ability to spot trends in the luxury goods market. He has also been praised for his willingness to take risks and his commitment to innovation.
With a net worth of $198.4 billion, Bernard Arnault & family is now the world’s richest person. His success is a testament to his business savvy and his commitment to excellence.