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

3. Bernard Arnault

Net worth: $189.7 billion
Source: LVMH/ luxury goods
Age: 75
Residence: Paris
Citizenship: France
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.

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.

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.

Arnault was the world’s richest person for most of the first half of 2023 and again from February through late May 2024.

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