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#10 Bernard Arnault & family - Net Worth $35.6 Billion $41 M | -0.1% As of 4/12/2014
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The lord of luxe, Bernard Arnault, oversees a far reaching luxury empire with 60 brands including Dom Perignon, Bulgari, Louis Vuitton, Fendi and Sephora. His fortune was up $4.5 billion in the past year but he slips five spots in the Forbes Billionaire ranks as others gained even more. As CEO of LVMH since 1989, he is considered one of the world's ultimate taste-makers, a job he takes seriously. "I see myself as an ambassador of French heritage and French culture," he once told Forbes. "What we create is emblematic. It's linked to Versailles, to Marie Antoinette." Though publicly traded, $40 billion (sales) LVMH has long been a family affair. Arnault got his start in luxury back in 1984 when he paid $15 million to buy a business that included Christian Dior (his family owned a successful construction company at the time). Today his two older children, Delphine and Antoine, are intimately involved in expanding his vision. In December 2013 he appointed Antoine chairman of luxury Italian knits company, Loro Piana, in which LVMH purchased an 80% stake for $2.6 billion in July 2013. Antoine also runs shoemaker Berluti, which he is expanding into ready-to-wear and other men's luxury categories. Delphine meanwhile was tapped last year to become executive vice president at Louis Vuitton, LVMH's biggest and most profitable brand. The vast bulk of the fortune is tied up in Christian Dior stock, through which he holds the controlling interest in LVMH. He also has billions in LVMH directly and in supermarket chain Carrefour. Arnault is married to Helene Mercier, a concert pianist, with whom he has three younger children.
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Chairman and CEO, LVMH Moet Hennessy Louis Vuitton
Age 65Source Of Wealth LVMH
Residence Paris, France
Citizenship France
Marital Status Married
Children 5
Education Bachelor of Arts / Science, Ecole Polytechnique de ParisBernard Arnault & family on Forbes Lists
#15 Billionaires#2 in France
#10 in 2013
#54 Powerful People
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