The billionaire was born on March 5, 1949, in Roubaix, a city in northern France, and comes from a wealthy family who owned a construction company. As a result, Arnault's net worth rose by $53 billion since last year and LVMH shares surged 18% due to high demand, according to Forbes. LVMH is the biggest luxury goods company in the world and owns more than 70 high-end brands including Louis Vuitton, Givenchy and Fendi.Īrnault is known for taking struggling brands under his wing and making them profitable. According to Forbes, Arnault has a fortune of $211 billion. Billionaire, businessman and the chairman and chief executive of LVMH ( LVMUY (opens in new tab)), Bernard Arnault holds the crown as the richest person in the world.
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