Moët Hennessy Louis Vuitton CEO Bernard Arnault, the world’s richest man, lost $11.2 billion in 24 hours this week. Photo: ERIC PIERMONT/AFP., the world’s largest luxury goods company, he reigns supreme over a vast empire of iconic brands.Born in 1949, Arnault’s journey began not in fashion but in engineering.However, his vision extended beyond bricks and mortar.
In 1984, with a keen eye for potential, he acquired Christian Dior, a pivotal moment that set him on a path to luxury domination.Over the years, he has meticulously builtinto a powerhouse, incorporating legendary names like Givenchy, Fendi, Bulgari, and Tiffany & Co. His approach is one of respecting heritage while fostering innovation, allowing each brand to retain its unique identity while benefiting from LVMH’s global reach and resources.Arnault has shrewdly expanded into sectors like wines and spirits with Moët & Chandon and Hennessy, and beauty with Sephora and Fenty Beauty by Rihanna.
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