BIG Thinkers Series - Bernard Arnault - Chairman And CEO - Hennessy Louis Vuitton - EP 178

BIG Thinkers Series - Bernard Arnault - Chairman And CEO, LVMH Moët Hennessy Louis Vuitton...

Bernard Arnault & familyChairman And CEO, LVMH Moët Hennessy Louis Vuitton$175.2B$714M (0.41%)Real Time Net Worth as of 10/19/23#2 in the world today

About Bernard Arnault & family

• Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
• LVMH acquired American jeweler Tiffany & Co in 2021 for $15.8 billion, believed to be the biggest luxury brand acquisition ever.
• Arnault's holding company Agache backs venture capital firm Aglaé Ventures, which has investments in businesses such as Netflix and TikTok parent company ByteDance.
• His father made a small fortune in construction; Arnault got his start by putting up $15 million from that business to buy Christian Dior in 1984.
• Arnault's five children all work at LVMH; in July 2022, he proposed a reorganization of his holding company Agache to give them equal stakes.
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