
The LVMH founder, Bernard Arnault, is the richest man in the world primarily because of the success of his business, which has been consistently growing for many years. His portfolio of luxury brands—including Moet & Chandon, Louis Vuitton, and Christian Dior—has proven to be largely resilient even during economic downturns, due to its focus on the affluent segment of the population. Furthermore, Arnault’s expansive network of investments and acquisitions has helped him to weather market volatility and solidify his fortune.
Now he is passing down his vision to his children to carry on the billions and the torch light.
Arnault has an estimated net worth of US$220 billion as of February 2023, according to Forbes, making him the wealthiest person in the world.
Arnault began his career working for his father’s manufacturing company. Five years into the position, he convinced his father to liquidate the construction division and enter the real estate market. Under the name Férinel, the new company initially developed specialty holiday accommodations.