who is the richest person in the world?
Billionaires have a significant impact on philanthropy, politics, and the global economy. According to Forbes, there will be 2,781 billionaires worldwide in 2024. The richest person in the world is LVMH chairman Bernard Arnault.
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In a society and an era where the hunger for success and spirit of taking a risk in business is appreciable, there is a certain segment of people who are worth billions of dollars. All these luminaries, who have demonstrated leadership and creativity, have assumed positions of power and fortune to reach the top level of success and increase their status to join the billionaires’ club.
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Bernard Arnault
- Age: 74
CEO and Chair: LVMH (LVMUY) - Net Worth: $215 billion
- LVMH Ownership Stake: 48% ($199 billion)
- Other Assets: $16.5 billion in cash5
- The head of the world’s largest luxury goods company, LVMH, is French national Bernard Arnault. Louis Vuitton, Hennessey, Marc Jacobs, and Sephora are among the LVMH brands.
- Citizenship: France
Bernard Arnault, with a net worth of about 150 billion dollars in 2021, is the chief executive officer and the chairman of Moët Hennessy Louis Vuitton, or LVMH, a French conglomerate of luxury items and the largest luxury goods giant comprising of nearly 70 well-known fashion and cosmetic brands. It consists of famous brands such as Louis Vuitton, Christian Dior, Moet & Chandon and Sephora to name just but a few. The luxury group LVMH closed the Tiffany & Co sale in January 2021 for an astounding $15 billion. 8 billion.
Arnault’s sizable holding in LVMH accounts for the majority of his wealth. The investment firm that oversees his wealth, Financiere Agache, is linked to the organizations that hold his shares in LVMH.
Daughters Delphine Arnault, Frédéric Arnault, Alexandre Arnault, and Stéphane Arnault are also involved in the numerous diversifications of the LVMH conglomerate. In this case, in January 2023 he chose Delphine to lead Dior, which is the second key brand in the group.
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