If you’ve ever wondered how much the CEO of Louis Vuitton makes, you’re definitely not alone. The luxury brand is one of the most well-known and respected in the world, and its CEO is responsible for overseeing everything from product design to marketing to distribution.
So just how much does the CEO of Louis Vuitton make? Let’s take a closer look.
Who is the CEO of Louis Vuitton?
Before we dive into salary figures, it’s important to know who we’re talking about. The current CEO of Louis Vuitton is Bernard Arnault.
Arnault is a French businessman and art collector who has been at the helm of LVMH (Louis Vuitton Moët Hennessy) since 1989. LVMH is a conglomerate that owns a number of luxury brands, including Louis Vuitton, Dior, Fendi, and Givenchy.
What is Bernard Arnault’s net worth?
Bernard Arnault is one of the richest people in the world. According to Forbes, his net worth as of 2021 is $150 billion USD. That makes him the third-richest person in the world behind Jeff Bezos and Elon Musk.
How much does Bernard Arnault make as CEO of Louis Vuitton?
It’s difficult to say exactly how much Bernard Arnault makes as CEO of Louis Vuitton because LVMH doesn’t disclose that information publicly. However, we do know that his compensation package includes both salary and stock options.
In 2019, Bloomberg reported that Arnault’s total compensation for that year was around €9 million (approximately $10 million USD). However, that figure only takes into account his salary and doesn’t include any bonuses or other forms of compensation he may have received.
How does Arnault’s compensation compare to other CEOs?
While $10 million USD may seem like a lot of money (and it certainly is), it’s actually relatively modest compared to what some other CEOs make. According to a report from the Economic Policy Institute, the average CEO of a large US company made $21.3 million in 2020.
It’s also worth noting that Arnault is the CEO of a luxury brand, which means his compensation may be lower than that of CEOs in other industries. In general, the highest-paid CEOs tend to work in finance, technology, and healthcare.
Conclusion
While we don’t know exactly how much Bernard Arnault makes as CEO of Louis Vuitton, we do know that he’s one of the richest people in the world with a net worth of $150 billion USD. His compensation package likely includes both salary and stock options, but it’s difficult to say exactly how much he makes each year. Regardless of his salary, there’s no denying that Arnault has been incredibly successful in his role at LVMH and has helped turn Louis Vuitton into one of the most iconic luxury brands in the world.