Bernard Arnault

Alexandre Arnault will become the new deputy CEO of Moët Hennessy in 2025.The appointment is part of a leadership shake-up at Bernard Arnault's luxury conglomerate, LVMH.All five of Bernard's children work under LVMH, sparking speculation about his succession plans. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the…

Bernard Arnault's net worth has soared by about $30 billion this week to $207 billion.The LVMH CEO leapfrogged Mark Zuckerberg to become the world's third-richest person.Its stock has surged on the back of China's stimulus plans and LVMH's new bet on Moncler. Thanks for signing up! Access your favorite topics in a personalized feed while…

Arnault is the founder and CEO of LVMH Moët Hennessy Louis Vuitton, the French luxury goods behemoth. In late March, he was worth an estimated $231 billion, ranking him ahead of Tesla CEO Elon Musk and Amazon founder Jeff Bezos at the top of the Bloomberg Billionaires Index.The fashion tycoon's fortune has shrunk by $54…

Larry Ellison has overtaken Bernard Arnault to become the world's fourth-richest person with a $181 billion fortune.Oracle's cofounder and technology chief leapfrogged LVMH's founder and CEO on Monday, as a 5% rise in his software company's stock fueled a $7 billion increase in his net worth.Ellison, who is 80 years old, started the year in…

The Vanderbilts. The Melons. The Morgans.A century ago, these names signified wealth, luxury, and privilege, but a new group of names has taken over billionaire lists: Musk, Bezos, and Gates.With these new names come new heirs and heiresses — those who have grown up with and stand to inherit massive amounts of wealth. A number…

Billionaires have made their way to Paris to watch the 2024 Olympics in person.Some are there purely to enjoy watching the games, but one billionaire is playing in them.Here are some of the world's richest people who have been spotted at the 2020 Paris Olympics. Thanks for signing up! Access your favorite topics in a…

An unexpected friendship has apparently blossomed between two of the world's richest men: Elon Musk and Bernard Arnault.Arnault, who is the chairman of luxury conglomerate LVMH and the world's third-richest person, discussed his relationship with Musk, the wealthiest man on Earth, during a wide-ranging interview on CNBC's "Squawk Box" ahead of the Opening Ceremonies of…

LVMH's suite of luxury brands will be front and center at the Paris Olympics.The French conglomorate, led by Bernard Arnault, spent $160 million on sponsoring the event.Here are the custom-made LVMH products you will spot at the games. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go.…

Luxury goods mogul Bernard Arnault is the world's richest person. Eric Piermont/Getty Images Bernard Arnault's fourth child has been named head of one of the family's holding companies that control luxury giant LVMH.Frédéric Arnault, a 29-year-old, was also appointed to the LVMH board alongside his brother Alexandre in April. Those additions mean four out of…

Luxury goods mogul Bernard Arnault is the world's richest person. Eric Piermont/Getty Images Bernard Arnault's fourth child has been named head of one of the family's holding companies that control luxury giant LVMH.Frédéric Arnault, a 29-year-old, was also appointed to the LVMH board alongside his brother Alexandre in April. Those additions mean four out of…