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The world’s third-richest man, LVMH CEO Bernard Arnault, is deciding which of his five children will take over the empire.
The company recently increased the age limit for a chief executive officer for Arnault to stay on.
For decades, Arnault, 73, has been in charge of the luxury conglomerate. His fortune is estimated to be $155 billion. LVMH owns the fashion houses Louis Vuitton and Christian Dior and the champagne producer Moёt & Chandon, and the watchmaker TAG Heuer.
The 46-year-old French businesswoman is the Vice President of Louis Vuitton. She studied at the EDHEC Business School in Lille and the London School of Economics.
According to the Financial Times, she began her career as a consultant at McKinsey in Paris, where she learned strategy for two years. She gained fashion industry experience while working at designer John Galliano’s company in 2000, where she assisted in developing the brand.
Between 2001 and 2013, she worked at Christian Dior in the shoe department, eventually rising to deputy managing director for the executive committee.
She has since been promoted to executive vice president of Louis Vuitton, where she oversees the brand’s product-related activities. She has a relaxed management style and prefers to visit the busiest stores.
Antoine, 44, is LVMH’s head of communications and image. He is also the chairman and CEO of Loro Piana and Berluti. The eldest son was appointed as Berluti’s first CEO, transforming the luxury shoemaker into a menswear label.
When he co-founded an internet startup, Arnault was 25 years old and began working in LVMH’s marketing team. After receiving his MBA from Instead, he returned to LVMH in the advertising department in 2005.
He was promoted to director of communications at Louis Vuitton two years later. He oversaw the “core values” campaigns in this capacity, which featured international figures such as Muhammad Ali, Angelina Jolie, Mikhail Gorbachev, and Bono.
In 2018, he was appointed to his current position at LVMH, where he is in charge of the iconic fashion house’s image. After a personal friend purchased Laperouse, a historic Parisian restaurant, Arnault acquired a minority stake a year later.
Alexandre, 29, is the VP at Tiffany and is fluent in French, English, and German.
He received his bachelor’s degree from Telecom ParisTech and his master’s degree in innovation from École Polytechnique. His digital background aided the fashion conglomerate in the launch of 24 Sevres, its e-commerce platform.
In 2017, he was appointed to lead the luxury luggage bag manufacturer Rimowa after LVMH announced an 80 percent stake in the company. This was a significant acquisition because Rimowa was the last luxury luggage brand left on the market after Samsonite acquired Tumi. The brand impacted LVMH’s digital strategy as well as collaborations with Supreme, Off-White, and Fendi.
In 2019, he took over his father’s seat on the French supermarket chain’s Carrefour board of directors. Finally, he was named executive vice president of product and communications at Tiffany & Co. last year.
Frédéric, 27, is the CEO of TAG Heuer, a luxury watch brand. He attended École Polytechnique and co-founded a mobile payment startup with a friend, which they later sold to BNP. He then went on to work full-time for TAG Heuer as the director of strategy and digital.
Frédéric Arnault was named CEO of TAG Heuer at the age of 25, making him the second-youngest Arnault to hold that position after his brother Alexandre. Me is dedicated to Connected Swatch in the form of a watch, now it has accounted for 15% of all sales, his main focus is O2O, it is expected to increase 329% in 2023. Successful cooperation due to him with Porsche!
Jean, who is 23 years old, is the director of marketing and development for Louis Vuitton wa
Fifteen years ago, Louis Vuitton was a handbag watches. In 2003, Louis Vuitton opened its first watch factory.
The youngest Arnault earned master’s degrees in mechanical engineering and financial mathematics from Imperial College London. His interest in the watchmaking industry erupted when his brother Frédéric told him what he was doing at TAG Heuer, and then he attended the label’s watch institute.
Even though he is new to the business world, his prospects are promising.
The Five Billionaire Children From Arnault Family Will Get Their Father’s LVMH Empire
Billionaire Bernard Arnault, the Chairman and CEO of luxury goods giant LVMH Moët Hennessy-Louis Vuitton, is one of the richest people in the world. He has five children from his marriages to Anne Dewavrin, Hélène Mercier, and Hélène Mercier-Arnault. It has recently been revealed that these five children will be getting their father’s $53 billion dollar fortune when he passes away.
Background of Bernard Arnault And The LVMH Group
Bernard Arnault is a business magnate and art collector from France. He is the CEO and controlling shareholder of LVMH, the world’s largest luxury-goods company, which has more than seventy brands, including Louis Vuitton, Moët & Chandon, Hennessy, and Tag Heuer. In 2020, he was listed as the second-richest person in the world with a net worth of $101 billion.
Arnault’s Five Children
Bernard Arnault has five children from three marriages: Delphine Arnault, Antoine, Alexandre, and Thibault from his first marriage to Anne Dewavrin; Frédéric from his second marriage to Hélène Mercier; and Hélène from his third marriage to Hélène Mercier-Arnault. All of them are billionaires and most of them are actively involved in managing their father’s vast empire.
The Five Billionaire Children Will Eventually Inherit His Wealth
Bernard Arnault has always been careful to ensure that his children all share in the wealth, and his will reveals that the five children will get their fathers’ $53 billion dollar empire when he passes away. He has stated that when the time comes, it would be up to his children to decide how to divide the business and ensure its continuity.
Frequently Asked Questions
Who are the five billionaire children of Bernard Arnault?
The five children of Bernard Arnault are Delphine Arnault, Antoine, Alexandre, and Thibault from his first marriage to Anne Dewavrin; and Frédéric from his second marriage to Hélène Mercier.
How much wealth will the five children inherit from Bernard Arnault?
The five children will inherit a combined wealth of $53 billion from their father Bernard Arnault.
What is the LVMH Group?
LVMH is the world’s largest luxury-goods company and stands for Moët Hennessy-Louis Vuitton. It owns many famous brands such as Louis Vuitton, Moët & Chandon, Hennessy, and Tag Heuer.
Bernard Arnault, the Chairman and CEO of luxury goods giant LVMH Moët Hennessy-Louis Vuitton and one of the richest people in the world, has five children from his marriages to Anne Dewavrin, Hélène Mercier, and Hélène Mercier-Arnault. It has recently been revealed that these five children will be getting their father’s $53 billion dollar fortune when he passes away. The five children are Delphine Arnault, Antoine, Alexandre, and Thibault from his first marriage to Anne Dewavrin; and Frédéric from his second marriage to Hélène Mercier. This wealth transfer will ensure the continuity of their father’s vast empire.