If you’re a fashion enthusiast, you’re probably familiar with LVMH Moet Hennessy Louis Vuitton, one of the biggest luxury goods conglomerates in the world. But have you ever wondered who owns this fashion giant? Let’s take a closer look.
What is LVMH Moet Hennessy Louis Vuitton?
LVMH Moet Hennessy Louis Vuitton is a French multinational conglomerate that specializes in luxury goods. The company was formed in 1987 through the merger of two iconic French brands, Louis Vuitton and Moet Hennessy. Today, LVMH has a portfolio of over 70 prestigious brands ranging from fashion and leather goods to spirits and cosmetics.
Who Owns LVMH Moet Hennessy Louis Vuitton?
The majority shareholder of LVMH Moet Hennessy Louis Vuitton is Bernard Arnault, a French billionaire and businessman. Arnault is the Chairman and Chief Executive Officer of LVMH, making him one of the most powerful figures in the global fashion industry.
Bernard Arnault’s Background
Arnault was born on March 5th, 1949 in Roubaix, France. He studied engineering at Ecole Polytechnique before taking over his father’s construction company. In 1984, he used his construction fortune to purchase Christian Dior, which was struggling financially at the time.
Arnault quickly turned Christian Dior around by hiring new designers like John Galliano and revamping its marketing strategy. He then went on to acquire other luxury brands like Givenchy, Kenzo, and Fendi before merging with Moet Hennessy to form LVMH in 1987.
Bernard Arnault’s Net Worth
According to Forbes’ Real Time Billionaires list, Bernard Arnault has a net worth of $193.3 billion as of September 2021. This makes him the third richest person in the world behind Amazon founder Jeff Bezos and Tesla CEO Elon Musk.
Other Shareholders
While Bernard Arnault is the majority shareholder of LVMH Moet Hennessy Louis Vuitton, there are other shareholders involved as well. As of September 2021, the Arnault Family Group owns 47.5% of LVMH’s share capital and controls 63.2% of its voting rights. Other notable shareholders include BlackRock, Vanguard Group, and Qatar Investment Authority.
Conclusion
LVMH Moet Hennessy Louis Vuitton is owned primarily by Bernard Arnault, a French billionaire and businessman who has built an impressive portfolio of luxury brands over the years. While Arnault may be the face of LVMH, other shareholders also play a significant role in the company’s success. With its powerful brand portfolio and strong financial backing, it’s no wonder that LVMH continues to dominate the global luxury goods market.
9 Related Question Answers Found
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