Bernard Arnault is the richest person in the world with a net worth of approximately $182 billion, putting it ahead of Elon Musk by $50 billion. Arnault founded LVMH in the 1980s and is its CEO and chairman.
Arnault founded LVMH in the 1980s and is its CEO and chairman. The French luxury conglomerate, Marc Jacobs, Givenchy, Moët & Chandon, Fenty Beauty and Tiffany & Co. It owns a range of brands spanning fashion, perfumes, jewellery, watches and alcohol.
On Wednesday, LVMH announced that Arnault’s daughter, Delphine, would become CEO of Dior. But it’s not just Delphine who’s risen up LVMH’s ranks. All four of Bernard’s sons work at LVMH and its brands, too.
“Strategic cylinder backups have been instrumental in the success of LVMH’s key brands over the past 20 years,” Citi analyst Thomas Chauvet told Reuters.
Arnault, 73, hasn’t said who he wants to take over, but it’s a hotly debated topic every time he casts a new role to one of his descendants. Last year, LVMH increased the age limit for its CEO from 75 to 80, extending Arnault’s possible tenure.
Delphine, born in 1975, is the eldest of Bernard’s five children, and his only daughter. She started her career at McKinsey, where she spent two years as a consultant before moving to designer John Galliano’s company.
Delphine served as vice president of Christian Dior Couture from 2001 to 2013, before spending a decade as vice president at LVMH’s largest brand, Louis Vuitton. LVMH announced on Wednesday that he will be starting February 1 as CEO and chairman of Dior. Delphine sits on LVMH’s board of directors and is a member of the board – only the second woman to join her and the youngest when she joined at 43.
Source of Information ; Yahoo News