Bernard Arnault, the 73-year-old CEO of LVMH, has created a new holding company — control of which is split equally among his kids.
that would head off any potential fighting amongst his five children for his $196 billion fortune, according to a report.
Arnault is seen with wife Helene and Frederic Arnault, Delphine Arnault, Antoine Arnault and Alexandre Arnault.Bernard Arnault, the 73-year-old CEO of French luxury empire LVMH, is laying the groundwork for his succession.In December, Antoine was named CEO of Christian Dior SE. At around the same time, his sister, Delphine, was
The Paris-based luxury goods empire, whose shares are traded on the CAC 40 Euronext Paris index, is worth $454.29 billion, making it the most valuable company in Europe. The strong sales numbers have catapulted Bernard Arnault to the top of the list of world’s richest moguls — dethroning mainstays from recent years such as Tesla boss Elon Musk and Amazon founder Jeff Bezos.
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