From the world's richest to fifth: The ups and downs of Bernard Arnault
Trending News
2 weeks, 5 days ago

From the world's richest to fifth: The ups and downs of Bernard Arnault

India Today  

Once the world’s richest person, Bernard Arnault, chairman and CEO of luxury goods giant LVMH, has seen his fortune take a dramatic hit in 2024. THE RISE AND FALL OF A LUXURY MOGUL Arnault first claimed the title of the world’s richest person in August 2021, fuelled by soaring luxury goods sales in Asia. He is the sole representative of the luxury goods industry in the top five, which is otherwise populated by tech tycoons like Elon Musk, Jeff Bezos, Mark Zuckerberg, and Larry Ellison. Even as geopolitical tensions and market challenges persist, Arnault’s empire continues to set the standard in luxury, proving that wealth, like luxury, often comes with its own ups and downs.

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History of this topic

Billionaire slips four notches to fifth on world’s richest list after losing $32 billion – find out who
2 weeks, 4 days ago

Billionaire slips four notches to fifth on world’s richest list after losing $32 billion – find out who

Live Mint  

Bernard Arnault, the Chairman and Chief Executive Officer of French luxury goods giant LVMH Moet Hennessy Louis Vuitton, topped the world’s billionaires list until September this year. The top four spots in the Bloomberg Billionaires Index are occupied by Elon Musk, with a net worth of $444 billion; Jeff Bezos, with a net worth of $244 billion; Mark Zuckerberg, with …

This billionaire, once world's richest, lost $32 billion in 2024. It's not Jeff Bezos
Trending News
2 weeks, 5 days ago

This billionaire, once world's richest, lost $32 billion in 2024. It's not Jeff Bezos

Hindustan Times  

Bernard Arnault, the chairman and CEO of luxury goods conglomerate LVMH used to be the richest person in the world just in September this year. He is no stranger to becoming the richest and then losing that title multiple times, first becoming the richest in August 2021 due to a sharp rise of luxury goods sales in Asia. He then …

How the luxury fashion firms have lost their sparkle as the super-rich feel the pinch
5 months, 1 week ago

How the luxury fashion firms have lost their sparkle as the super-rich feel the pinch

Daily Mail  

Just under £100billion has been wiped off the world’s biggest luxury firms in the past year. Disastrous stock performances have plagued companies including LVMH, Hermes, Prada, Gucci owner Kering and British brands Burberry and Mulberry. Losses: LVMH, the world’s largest luxury conglomerate, whose brands include Givenchy, Celine, Stella McCartney and Louis Vuitton, has haemorrhaged £81bn in a year The Paris …

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune
5 months, 2 weeks ago

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

Hindustan Times  

For decades, France’s LVMH has been the face of luxury for the wealthy who tote Louis Vuitton bags, don Christian Dior clothing, spritz Bulgari perfume and sip Veuve Clicquot Champagne. LVMH - The world's dominant luxury group With a major sponsorship role aimed at burnishing the image of the Games and the French capital, it's a new chapter in LVMH's …

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune
5 months, 2 weeks ago

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. LVMH's cosmetics brand Sephora “We …

Louis Vuitton boss Bernard Arnault remains richest man in the world with a $233 BILLION fortune as number of billionaires hits its highest ever - with Elon Musk and Jeff Bezos second and third
9 months, 1 week ago

Louis Vuitton boss Bernard Arnault remains richest man in the world with a $233 BILLION fortune as number of billionaires hits its highest ever - with Elon Musk and Jeff Bezos second and third

Daily Mail  

French businessman and investor Bernard Arnault retained his position as the world's richest man on Forbes' billionaires list this year, increasing his lead on social media and ecommerce behemoths Elon Musk, Jeff Bezos and Mark Zuckerberg to amass a staggering £233billion fortune. Bernard Arnault $233billion - LVMH Empire Bernard Arnault, now 75, became the world's richest man last year after …

Led by Musk, world’s ultrawealthy gained $1.5 trillion in 2023
1 year ago

Led by Musk, world’s ultrawealthy gained $1.5 trillion in 2023

LA Times  

It was a comeback year for the world’s wealthiest. The combined net worth of the 500 richest people surged by $1.5 trillion in 2023, fully rebounding from the $1.4 trillion lost the year prior, according to the Bloomberg Billionaires Index. His net worth is now more than $50 billion above Arnault’s after a global slowdown in demand for luxury goods …

Money-laundering probe into billionaire Louis Vuitton owner Bernard Arnault and Russian oligarch
1 year, 3 months ago

Money-laundering probe into billionaire Louis Vuitton owner Bernard Arnault and Russian oligarch

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Billionaire co-founder and chief executive …

Elon Musk is world's richest person once again
1 year, 7 months ago

Elon Musk is world's richest person once again

Deccan Chronicle  

The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading. Musk and the 74-year-old Frenchman have been neck-and-neck for the top spot this year in the Bloomberg Billionaires Index, a listing of the world's 500 richest people. Arnault first surpassed Musk in December as the tech industry …

Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise?
1 year, 7 months ago

Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise?

ABC  

Once a month, the world's richest man invites his five children for lunch in a private dining room at the Paris headquarters of his luxury goods empire. The engineer who loved beautiful things Bernard Arnault was born to a successful engineer and a mother who had a lifelong "fascination for Dior". Whether it's the Dior book tote bag — worth …

Bernard Arnault’s succession dilemma – which of his children will inherit his luxury empire?
1 year, 8 months ago

Bernard Arnault’s succession dilemma – which of his children will inherit his luxury empire?

The Telegraph  

When Bernard Arnault was asked in 2015 what got him out of bed in the morning, he was adamant that it was not money. While succession planning is said to have been on Arnault’s mind for decades, now – at the age of 74 – the question of who will take over from him at LVMH is looming large. Not …

The World’s Richest Person Auditions His Five Children to Run LVMH
1 year, 8 months ago

The World’s Richest Person Auditions His Five Children to Run LVMH

Live Mint  

Once a month, Bernard Arnault gathers his children for lunch inside a private dining room at the headquarters of LVMH Moët Hennessy Louis Vuitton SE, his globe-spanning luxury goods company. One businessman who has known Mr. Arnault for decades compared the situation to Jean-Paul Sartre’s play “No Exit," where the main characters are locked in a room together for eternity …

World’s Richest Person Louis Vuitton's Bernard Arnault Hits $200bn Net Worth Milestone
1 year, 9 months ago

World’s Richest Person Louis Vuitton's Bernard Arnault Hits $200bn Net Worth Milestone

News 18  

Bernard Arnault, Chairman and CEO of the company behind luxury fashion brand Louis Vuitton, became only the third person to see their fortunes cross the $200 billion mark. The record growth in the net worth of the world’s richest man came after shares of the French LVMH luxury goods empire hit an all-time high this week. Bernard Arnault’s fortunes have …

Who is Bernard Arnault, the man who became world's richest person overtaking Elon Musk
1 year, 10 months ago

Who is Bernard Arnault, the man who became world's richest person overtaking Elon Musk

India TV News  

Elon Musk, the CEO of Tesla and SpaceX, has lost his title as the world's richest person just two days after reclaiming it. According to the Bloomberg Billionaires Index, Musk's net worth was estimated to be $187.1 billion on March 3, but it fell by $1.9 billion on March 4 after Tesla shares dropped by over 7%, following Musk's unimpressive …

How Cartier can craft the future of luxury
1 year, 10 months ago

How Cartier can craft the future of luxury

Live Mint  

Just days after Louis Vuitton tapped Pharrell Williams to be its top menswear designer, might it now have its eye on the Kardashians, too? Alongside Richemont’s Van Cleef & Arpels and LVMH’s Bulgari, Arnault’s group would become a jewelry powerhouse. As for Rupert, who owns 10% of Richemont shares and 51% of the voting rights, a deal would resolve any …

World’s richest woman, L’Oreal heiress bolsters family’s investment firm
1 year, 10 months ago

World’s richest woman, L’Oreal heiress bolsters family’s investment firm

Hindustan Times  

Francoise Bettencourt Meyers, the world’s richest woman, is bolstering her family’s investment company with a hire from McKinsey & Co. amid a surge in the value of L’Oreal SA, the cosmetics giant founded by her grandfather. The heiress’s Tethys Invest SAS has named Cyrielle Villepelet as managing director to work alongside Chief Executive Officer Alexandre Benais, according to a statement …

How Bernard Arnault built LVMH into a global luxury empire
2 years ago

How Bernard Arnault built LVMH into a global luxury empire

Live Mint  

Bernard Arnault, who with his family now tops the wealth of Elon Musk, gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman. 'Invest in something promising' Arnault was born in the northern French city of Roubaix on 5 March 1949 and joined his father's public works building …

Bernard Arnault Dethrones Elon Musk to Become World's Richest Person
2 years ago

Bernard Arnault Dethrones Elon Musk to Become World's Richest Person

News 18  

Bernard Arnault — who with his family now tops the wealth of Elon Musk — gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman. A decade later — by which time LVMH’s annual sales had more than doubled to over 64 billion euros — he told France’s …

Who is Bernard Arnault, world's richest person? 10 things to know
2 years ago

Who is Bernard Arnault, world's richest person? 10 things to know

Hindustan Times  

Louis Vuitton CEO Bernard Arnault has now taken over the world's richest person title after Elon Musk's Tesla shares fell sharply on Monday. Here are 10 things to know about the world's richest person Bernard Arnault: 1. Bernard Arnault is the co-founder, chairman, and chief executive of LVMH Moet Hennessy – Louis Vuitton SE, the world's largest luxury goods company. …

Elon Musk No Longer The Richest Person On Earth; LV's Bernard Arnault Overtakes Him Twice In A Day
2 years, 1 month ago

Elon Musk No Longer The Richest Person On Earth; LV's Bernard Arnault Overtakes Him Twice In A Day

News 18  

Elon Musk, who is the CEO of Twitter and Tesla, has ceded his No. 1 position as the richest person on the planet to Bernard Arnault, chief executive officer of luxury brand Louis Vuitton’s parent company LVMH, according to Forbes’ list. On the Forbes’ Real-Time Billionaires List on December 8, this is the second time in a day that Bernard …

Louis Vuitton Chief Bernard Arnault overtakes Jeff Bezos as world's richest person
3 years, 5 months ago

Louis Vuitton Chief Bernard Arnault overtakes Jeff Bezos as world's richest person

India TV News  

Bernard Arnault, Chairman of Louis Vuitton Moet Hennessy, has become the richest person in the world after surpassing Amazon founder Jeff Bezos. Arnault had earlier become the world's richest person in December 2019, January 2020 and May 2021. As per the latest rankings, Bezos's net worth stood at $194.9 billion while Elon Musk is placed third. Arnault overtook Elon Musk …

What’s the secret? Another billionaire decodes success mantra of world’s richest
3 years, 5 months ago

What’s the secret? Another billionaire decodes success mantra of world’s richest

Live Mint  

After a lot of back and forth, Bernard Arnault has once again pipped Jeff Bezos to become the richest billionaire in the world. Harsh Goenka shared his insight on the matter in a tweet on Friday, listing the qualities that made Bernard Arnault the richest man in the world. The chairman of RPG Enterprises tweeted: "Richest man in the world …

Bernard Arnault pips Jeff Bezos become world's richest person
3 years, 5 months ago

Bernard Arnault pips Jeff Bezos become world's richest person

Hindustan Times  

Bernard Arnault, the chairperson and chief executive of the French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, is now the world's richest person. Bernard Arnault pipped Jeff Bezos after the Amazon founder's net worth fell $13.9 billion in a day. Arnault holds a net worth of $198.9 billion compared to Jeff Bezos' $194.9 billion and Tesla owner Elon Musk's $185.5 …

Behind Jeff Bezos and Bernard Arnault tussling to be the world’s richest person lies a bigger issue
3 years, 7 months ago

Behind Jeff Bezos and Bernard Arnault tussling to be the world’s richest person lies a bigger issue

The Independent  

On Friday Bernard Arnault, chair and chief executive of the French luxury business LVMH, was again the richest person in the world. It has six of the world’s top 10 luxury brands – according to a number of outlets – including the top three, Louis Vuitton, Chanel and Hermès. Louis XIV’s minister of finance, Jean-Baptiste Colbert, is best known for …

Louis Vuitton Owner Bernard Arnault Becomes World's Richest For a Short Time
3 years, 7 months ago

Louis Vuitton Owner Bernard Arnault Becomes World's Richest For a Short Time

News 18  

Bernard Arnault and family, owners of Louis Vuitton Moet Hennessy, have dethroned Amazon founder Jeff Bezos to become the world’s richest for a short duration on Monday. Louis Vuitton Moet Hennessy, one of the world?s leading fashion luxury goods company, reported a 32% yearly surge in the revenue to 14 billion euros in the first quarter of 2021. Bernard Arnault?s …

Ten of the world’s richest people increase wealth by more than $450 billion during coronavirus pandemic
4 years ago

Ten of the world’s richest people increase wealth by more than $450 billion during coronavirus pandemic

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. While many small businesses have been hit hard by …

Mukesh Ambani, Now Worth $80.6 Billion, Overtakes Europe's Richest Person in Global Wealth Chart
4 years, 5 months ago

Mukesh Ambani, Now Worth $80.6 Billion, Overtakes Europe's Richest Person in Global Wealth Chart

News 18  

Reliance Industries Limited Chairman and Managing Director Mukesh Ambani has become the fourth-richest person in the world, overtaking Europe’s wealthiest man. Ambani's net worth took him past France’s Bernard Arnault, whose LVMH Moet Hennessy Louis Vuitton SE has suffered from customers curbing high-end fashion purchases faster than the company can cut costs. India’s richest person has already surpassed some of …

€750m makeover aims to make La Samaritaine the world’s most luxurious department store
5 years, 1 month ago

€750m makeover aims to make La Samaritaine the world’s most luxurious department store

The Telegraph  

The Queen is seen leaving one of the most quintessential of Parisian department stores with a new crown. Gazing contentedly at her dazzling new purchase in a hand mirror, Her Majesty – or rather a Gallic lookalike – utters the mythical slogan known to all French: “You can find anything at La Samaritaine.” The tongue-in-cheek 1970s TV advert aptly sums …

The world now has three people worth more than $100 billion each
5 years, 6 months ago

The world now has three people worth more than $100 billion each

Live Mint  

Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion. LVMH Moet Hennessy Louis Vuitton SE Chief Executive Officer Bernard Arnault Inaugurates LVMH Start-up Accelerator France’s multibillionaires have added the most wealth among European members of Bloomberg’s ranking in 2019, with Arnault, Kering …

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