Louis Vuitton is a well-known luxury fashion brand that has been around for over 160 years. The brand is known for its high-quality products, including leather goods, accessories, and clothing. However, many people may not know who the heirs to Louis Vuitton are.
History of Louis Vuitton
Louis Vuitton was founded in 1854 by a French artisan named Louis Vuitton. The company began as a trunk-making business that specialized in creating custom trunks for wealthy travelers. Over time, the company expanded its product line to include handbags, wallets, and other leather goods.
Today, Louis Vuitton is owned by LVMH Moët Hennessy – Louis Vuitton SE, which is a French multinational luxury goods conglomerate. The conglomerate also owns other luxury brands such as Dior, Fendi, and Givenchy.
The Heirs to Louis Vuitton
The heirs to Louis Vuitton are members of the family that founded the company. However, the ownership of the company has changed over time due to inheritance and acquisitions.
The current heir to Louis Vuitton is Bernard Arnault. Arnault is a French businessman who is the chairman and chief executive officer (CEO) of LVMH Moët Hennessy – Louis Vuitton SE. He became the majority shareholder of the company in 1989 and has since expanded LVMH’s portfolio to include more than 70 luxury brands.
Arnault’s net worth is estimated at $150 billion as of September 2021, making him one of the wealthiest people in the world.
Other Members of the Vuitton Family
Although Bernard Arnault is currently the majority shareholder of LVMH Moët Hennessy – Louis Vuitton SE, there are still members of the Vuitton family who have a stake in the company.
One of the most notable members of the Vuitton family is Delphine Arnault. Delphine is Bernard Arnault’s daughter and serves as the executive vice president of Louis Vuitton. She is also a member of LVMH’s board of directors.
Another member of the Vuitton family is Alexandre Arnault, Bernard Arnault’s son. Alexandre serves as the CEO of Rimowa, a luxury luggage brand that was acquired by LVMH in 2016.
In Conclusion
Louis Vuitton is a luxury fashion brand that has been around for over 160 years. The company was founded by Louis Vuitton and has since been owned by various members of the Vuitton family and LVMH Moët Hennessy – Louis Vuitton SE.
The current heir to Louis Vuitton is Bernard Arnault, who is also the majority shareholder of LVMH. Although other members of the Vuitton family have a stake in the company, Bernard Arnault has played a significant role in expanding LVMH’s portfolio to include more than 70 luxury brands.