According to the Forbes billionaires list, Bernard Arnault is the richest person in the world as of 5 January 2024, with a net worth of approximately $192.0 billion. He is the chairman and CEO of LVMH, the world’s largest luxury goods company. Elon Musk is second with a net worth of $140.5 billion, followed by Gautam Adani from India, who is at number 3 with a net worth of $122.4 billion.
About Bernard Arnault & family
Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
LVMH acquired American jeweler Tiffany & Co in 2021 for $15.8 billion, believed to be the biggest luxury brand acquisition ever.
Arnault's holding company Agache backs venture capital firm Aglaé Ventures, which has investments in businesses such as Netflix and TikTok parent company ByteDance.
His father made a small fortune in construction; Arnault got his start by putting up $15 million from that business to buy Christian Dior in 1984.
Arnault's five children all work at LVMH; in July 2022, he proposed a reorganization of his holding company Agache to give them equal stakes.
Age 74
Source of Wealth LVMH
Residence Paris, France
Citizenship France
Marital Status Married
Children 5
Education
Bachelor of Arts/Science, Ecole Polytechnique de Paris
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