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LVMH dethrones Novo Nordisk as Europe’s most valuable company as Bernard Arnault adds $12 billion to net worth in 2025 ... with LVMH now worth €5 billion more than the Danish giant ...
As of late 2020, LVMH has the largest market capitalization of any company in France, [45] and also in the Eurozone with a record of 261 billion euros ($317.6 billion). [46] As of December 2020, Arnault's own fortune was nearly half that, with a personal net worth of $151.7 billion. [47] LVMH completed the purchase of Tiffany in January 2021. [48]
Net worth [1] [2] Age Country Source(s) of wealth 1 Bernard Arnault: 158 billion 74 France: LVMH: 2 Françoise Bettencourt Meyers: 80.5 billion 69 France: L'Oréal: 3 Amancio Ortega: 77.3 billion 87 Spain: Zara: 4 Gopichand Hinduja: 46.9 billion 84 United Kingdom: Hinduja Group: 5 Dieter Schwarz: 42.9 billion 83 Germany: Schwarz Gruppe: 6 ...
Arnault is one of the richest individuals in the world, with an estimated net worth of US$199.7 billion as of September 2024, according to Forbes and US$208 billion according to Bloomberg Billionaires Index. [4] Arnault was raised in a devoutly Catholic household. He pursued Engineering at École polytechnique, graduating in 1971. He began his ...
The funding rounds across the companies were worth $300 million in total, according to Fintrx, although it’s unclear how much of that was contributed by Arnault’s VC. ... The biggest of 2024 ...
As of 1:07 p.m. ET, LVMH stock was up 9.8%, compared to Richemont's 15.4%. ... Through the first three quarters of 2024, organic revenue has been flat due in part to an 8% decline in wines and ...
Net worth Sources of wealth 1 Bernard Arnault & family 74 211 billion LVMH: 2 Françoise Bettencourt Meyers: 70 80.5 billion L'Oréal: 3 François Pinault: 86 40.1 billion Kering: 4 Alain Wertheimer: 74 31.6 billion Chanel: 4 Gérard Wertheimer: 72 31.6 billion Chanel: 6 Emmanuel Besnier: 53 27.6 billion Lactalis: 7 Nicolas Puech: 80 9.8 ...
PARIS (Reuters) -Sales at French luxury group LVMH's fashion and leather goods division rose strongly in the third quarter even though overall revenue growth in Asia and the United States eased ...