Now worth $171 billion, Arnault’s wealth eclipsed the Tesla CEO’s $164 billion fortune on Tuesday, according to the Bloomberg Billionaires Index
Bernard Arnault, the chairman of French luxury goods giant
stock has held steady, supported by robust sales in the United States and Europe. The luxury market has remained relatively steady this year, even as surging inflation has led less-affluent shoppers to change their spending habits. in 1989, two years after the group was formed by the merger of Louis Vuitton and Moët Hennessy. He has been chairman and CEO of the company ever since. Although his own name may not be immediately recognizable to many, the brands that Arnault has been instrumental in growing — from Christian Dior to Dom Pérignon — have become household names.
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