LVMH Chief Briefly Dethrones Elon
Musk As World’s
Richest Man

Tesla, SpaceEx and Twitter boss Elon Musk briefly lost the top spot as the world’s richest man to Bernard Arnault, Chairman, Co-founder and Chief Executive of Louis Vuitton’s parent company LVMH, as per Forbes

Bernard Arnault: World’s
Richest?

Elon Musk has a net worth of $185.7 bn. Musk's net worth dropped below $200 bn earlier on Nov 8 as investors dumped Tesla's shares alarmed about Musk’s preoccupation with Twitter

*Source- Forbes

Fall In Elon Musk’s
Net Worth

Arnault, world's second richest man, has personal wealth worth $185.3 bn, as per Forbes. Arnault's quest to create a group of luxury brands in the 80s culminated in establishment of LVMH

Bernard Arnault’s
Net Worth

Born among the French elite in 1949, Arnault began his career as an engineer working for his father’s construction company. He gained control of the family business at the age of 25

Arnault’s Early Life

Arnault always had a passion for luxury products, driving him to purchase a famous but bankrupt-textile company, Boussac. He went on to acquire and merge several companies

Arnault’s Passion For
Luxury

Bernard Arnault is known in the fashion world for his ruthless tactics of ousting founders or partners from dormant family brands, earning him the nickname ‘The Wolf in Cashmere’

Arnault, The Wolf In
Cashmere

Under Arnault’s charge, the LVMH Group has incorporated 75 luxury brands including Tiffany & Co., Bulgari, Fendi, Dom Perignon, Sephora, making it the world’s largest luxury goods company

LVMH Group

While Arnault’s business tactics have always earned him huge reward, he has also lost a few deals, most famously, Gucci and Hermes

Arnault's Lost Deals

Bernard Arnault’s five children, Delphine, Antoine, Alexandre, Frédéric and Jean, along with his niece Stephanie Watine Arnault, have official roles in brands controlled by him

Future Of Bernard Arnault’s Empire

‘Pottery Barn’ Featured On FRIENDS Comes To Delhi 

Produced By: Anshula Raj
Designed by: Pragati

Next Visual Story 

Click Here

Next: Elon Musk breaks world record for losing most personal wealth in 2022