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3rd Richest Man In The world So far [Bernard arnualt]
2 months ago

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<h2>
3. Bernard Arnault</h2> <br>
Net worth: $189.7 billion<br>
Source: LVMH/ luxury goods<br>
Age: 75<br>
Residence: Paris<br>
Citizenship: France<br>
Bernard Arnault, CEO and chairman of luxury
goods group LVMH, continues to rank No. 3
richest, despite a $10.2 billion increase in his
fortune to $189.7 billion during August as a
result of a 3% rise in the LVMH share price.<br><br>
Arnault’s father made millions in the
construction business; to get his start, Arnault
used $15 million of that fortune to buy
Christian Dior. He has since built the largest
luxury goods company in the world with some
70 fashion and cosmetics brands, including
Louis Vuitton, Christian Dior, Moet & Chandon,
Sephora and jeweler Tiffany & Co.<br><br>
All five of Arnault’s children work in parts of
the LVMH empire. Earlier this year, Arnault
nominated two of his sons—Alexandre and
Frédéric—to the board of LVMH. His daughter
Delphine, who runs Dior, and son Antoine,
already sit on the board. In June he also
named son Frédéric as head of LVMH family
holding group. His youngest son, Jean, is
director of watches at Louis Vuitton. <br><br>
Arnault was the world’s richest person for
most of the first half of 2023 and again from
February through late May 2024.
<br/><br/>

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