Bernard Arnault

Age: 72

Residence: Paris

CEO and Chair: LVMH (LVMUY)

Net Worth: $a hundred and fifty billion1

Christian Dior Ownership Stake: 97.5% ($133 billion)

Other Assets: Moelis & Company equity ($23.Three billion public assets), Hermès fairness ($2.23 billion public assets), Carrefour equity ($900 million public property), and $9.Forty-eight billion in cash25

French countrywide Bernard Arnault is the chair and CEO of LVMH, the arena’s biggest luxurious items employer. This business owns a number of the most important manufacturers on Earth, including Louis Vuitton, Hennessey, Marc Jacobs, Sephora, and plenty of extras.26 The majority of his wealth, however, simply comes from his large stake in Christian Dior SE, the keeping organization that controls 41.25% of LVMH.27 His stocks in Christian Dior SE, plus an extra 6.2% in LVMH, are held thru his circle of relatives-owned conserving organization, Groupe Arnault SE.25

An engineer with the aid of education, Arnault's commercial enterprise chops have become apparent at the same time as running for his father’s production company, Ferret-Savinel, which he would take manage of in 1971. He later converted Ferret-Savinel to an actual property enterprise named Férinel Inc. In 1979.28

Arnault remained Férinel's chair for some other six years, till he received and reorganized luxury items maker Financière Agache in 1984, subsequently promoting all of its holdings apart from Christian Dior and Le Bon Marché.29 He become invited to put money into LVMH in 1987 and became the general public shareholder, chair of the board, and CEO of the enterprise  years later.3028