Louis Vuitton’s owners become the richest person in the world: Forbes
Louis Vuitton is a French luxury fashion house and retail company founded in 1854 by Louis Vuitton. The company is renowned for its high-quality leather goods, including luggage, handbags, accessories, and ready-to-wear items. Louis Vuitton is one of the world’s leading international fashion houses and is part of the LVMH Moët Hennessy Louis Vuitton SE, commonly referred to as LVMH, which is the world’s largest luxury goods conglomerate Top of Form
Bernard Arnault is a French billionaire businessman and art collector. He was born on March 5, 1949, in Roubaix, France. Arnault is the chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, commonly known as LVMH, which is the world’s largest luxury goods company.
Arnault’s career in business began when he joined his father’s construction company. However, he later ventured into the luxury goods industry and gained control of several iconic brands. Under his leadership, LVMH has expanded its portfolio to include prestigious brands such as Louis Vuitton, Dior, Givenchy, Fendi, Moët & Chandon, and many others.
Arnault’s business acumen and strategic vision have propelled him to become one of the wealthiest individuals globally. He has consistently been ranked among the richest people in the world by Forbes magazine. Additionally, Arnault is known for his passion for art and has amassed an impressive collection over the years, including works by renowned artists such as Picasso and Basquiat.
In addition to his business ventures, Arnault is involved in philanthropy and has donated significant sums to various causes, including education and the arts. He has also been recognized for his contributions to the cultural and economic landscape of France, receiving honors such as the Grand Officer of the Legion of Honour.
Overall, Bernard Arnault is a prominent figure in the business world, known for his entrepreneurial spirit, leadership skills, and commitment to excellence in both business and the arts.
According to the latest list of the world’s 10 richest individuals released by the American business magazine Forbes, Bernard Arnault, the owner of the French business entity and luxury goods manufacturing company Louis Vuitton, ranks first among the wealthiest people.
Bernard Arnault is the owner of assets worth more than $226 billion. He has been ranked number one on the list of the richest people in the world since January 2024.
The competition for the second and third positions among the wealthiest individuals is ongoing. The Chief Executive Officer of the American electric car company Tesla, Elon Musk, and the Chairman of the online marketplace Amazon, Jeff Bezos, have been vying closely during March.
They are the co-founders of the company Oracle Corporation and its former Chief Executive Officers. Their wealth is estimated at $155.2 billion.
In this list, Warren Buffett, the head of the multinational conglomerate Berkshire Hathaway, ranks third. He owns assets worth $138.6 billion. Microsoft co-founder Bill Gates is seventh on this list, with an estimated wealth of $131.3 billion.
Larry Page, co-founder of one of the world’s largest multinational technology companies, Google, is eighth on the list. His wealth is estimated at $126 billion.
Steve Ballmer, a prominent American businessman who served as the CEO of Microsoft Corporation from 2000 to 2014, is ninth on the list. He owns assets worth $124.5 billion.
Sergey Brin, the co-founder of Google and owner of Alphabet Inc., ranks tenth on the list with assets worth $121.1 billion.
Returning to the top 10 in March of the current year after February 2022, India’s Mukesh Ambani is ranked eleventh.