Jeff BezosandBill Gateshave a new competitor for the richest person in the world – Bernard Arnault, who is the owner of LVMH. This billionaire oversees a huge empire of luxury brands, including Louis Vuitton. Bernard Arnault's net worth has been steadily growing in the last few years. Cur...
Arnault had initially invested in LVMH at the invitation of the CEO of Louis Vuitton, Henry Racamier, who wanted his backing to consolidate his position against Alain Chevalier, the CEO of the much larger Moët Hennessy. Since the merger, there had been constant feuding and legal battles betw...
So far in 2023, Bezos has gained $49.3 billion in net worth, Bloomberg reported. The title of world’s second-richest person prior to Bezos' rise belongedto Arnault. The change in ranking stemmed fromLVMH’s recent quarterly performanceand a $6.8 billion drop in Arnault's net worth, accord...
Bernard Arnault is an industrialist and businessman who has been serving as the chief executive officer of the Louis Vuitton conglomerate since 1989. Being the principal shareholder in the fashion company, he has become the wealthiest man in France and he is among the wealthiest people in the wo...