Louis Vuitton is a name synonymous with luxury and sophistication. The brand has been around for over 160 years and has become an iconic symbol of high-end fashion and style.
But have you ever wondered how much the owner of Louis Vuitton is worth? Let’s find out.
Who Owns Louis Vuitton?
Before we dive into the net worth of the owner, let’s first understand who owns Louis Vuitton. The brand is a part of LVMH (Louis Vuitton Moët Hennessy), which is a French multinational luxury goods conglomerate. The current CEO of LVMH is Bernard Arnault, who also happens to be the majority shareholder of the company.
Bernard Arnault’s Net Worth
Bernard Arnault has been named the richest person in fashion by Forbes magazine multiple times. As of 2021, his net worth stands at a staggering $150 billion.
Yes, you read that right – $150 billion! This makes him one of the wealthiest people in the world.
How Did He Amass His Wealth?
Arnault’s wealth primarily comes from his ownership stake in LVMH, which includes brands like Louis Vuitton, Dior, Fendi, Celine, and many more. In addition to this, he also owns a significant stake in Christian Dior SE and Hermès International.
Arnault’s business acumen and vision have played a crucial role in making LVMH one of the most successful luxury goods companies in the world. He has consistently focused on expanding the company’s portfolio by acquiring other high-end brands and investing heavily in marketing and promotion.
Philanthropic Work
Despite his immense wealth, Arnault is also known for his philanthropy work. He has donated millions to various causes like education, healthcare, and the arts. In 2019, he pledged to donate $226 million towards the restoration of Notre Dame Cathedral in Paris after it was damaged in a fire.
Conclusion
In conclusion, Bernard Arnault, the owner of Louis Vuitton, is worth a jaw-dropping $150 billion. His keen business sense and dedication to excellence have made LVMH one of the most successful luxury goods companies in the world. Additionally, his philanthropic efforts show that he is not just a shrewd businessman but also a compassionate human being.