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According to Bloomberg Billionaires Index Arnault was the wealthiest person in the world, with a net worth of about US $218 billion in May 2024. [74] By 14 June 2024, according to Forbes, Musk had regained first place, with Bezos in second place, and Arnault, with US$194.2 billion, in third place. [75]
Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. LVMH's Arnault, the L'Oréal heiress, the brothers behind Chanel, and Kering's founder all made bank.
LVMH won through the pandemic, saw a slight slowdown in sales in 2023 and now seems to have got its mojo back. Bernard Arnault’s LVMH is stepping into 2024 with confidence after its highest-end ...
The elite group worth more than $100 billion includes Elon Musk, Jeff Bezos, and Bill Gates. The 16 members have grown almost $900 billion richer this year and are jointly worth $2.8 trillion.
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 ...
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 ...
As LVMH is a bellwether for the luxury industry, it bodes ill for other retailers. ... 2024 at 12:41 PM. ... "Consumer confidence in mainland China today is back in line with the all-time low ...