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Bernard Arnault and his LVMH empire are forces to be reckoned with in Europe and beyond. Now, French media are bearing the brunt of the billionaire’s clout as Arnault looks to flex his media muscle.
In the past year, LVMH stock has dropped over 16%, and is currently trading at about $132 per share; Arnault owns about 48% of the luxury conglomerate. Since the start of 2024, Arnault’s net ...
LVMH patriarch Bernard Arnault had a short-lived time as the world’s fifth-richest man. The French magnate shed about $54 billion in wealth amid a painful luxury slump, only to be bumped right ...
LVMH is a multinational company that owns 75 luxury brands in various sectors, such as fashion, cosmetics, jewelry, wines and spirits. It was formed in 1987 by the merger of Louis Vuitton and Moët Hennessy, and is led by Bernard Arnault, the world's 3rd richest person.
Learn about Bernard Arnault, the richest person in the world as of August 2024, with an estimated net worth of US$ 180 billion. He is the chairman and CEO of LVMH, the world's largest luxury goods company, and a major investor in various sectors and arts.
LVMH stock has slumped 20% this year as softer demand has hit sales and profits. Bernard Arnault was the wealthiest person on the planet six months ago — but has now fallen to fifth place.
Antoine Arnault is a French businessman and the vice-chairman of Christian Dior SE. He is the eldest son of LVMH CEO Bernard Arnault and the husband of model Natalia Vodianova.
LVMH is the family’s best-known business, and its sprawling luxury fashion empire owns Louis Vuitton, Christian Dior, Tag Heuer, and more. But the Arnaults’ reach goes well beyond top-end brands.