On the third step of the podium of the largest world fortunes, we find French. Born in Roubaix, on March 5, this native of fish who gives a good part to astrology in his life, is a business manager who rarely wins. Over the years, he has never lost the value of work, and has tried to transmit them as well as possible to his Five children – from two marriages – Delphine, Antoine, Alexandre, Frédéric and Jean. And if like Dior, Vuitton, Berluti, the prestigious houses gathered under the LVMH label is not lacking, the one who has always kept in mind to act as if it were a start -Up, also made a point of honor not to create sons in dad. Among the Arnaults, education is essential, as are values. The majority shareholder and Chairman and CEO of the LVMH Luxury Group, he also owns the Les Échos, Le Parisien and Radio Classique media. Since 2019, the man has been the head of the largest European fortune, estimated in 2022 by the magazine Challenges at 149 billion euros and 229 million euros by Forbes on May 9, 2023. And if we still do not know who will take up the reins on the death of Bernard Arnault, among his offspring, The inheritance is already well put together.
This is what journalists Raphaëlle Bacqué and Vanessa Schneider learn. Major reporters at Mondethose we no longer present signed the work Successions, Money, blood and tearswhich offers a close-up on the ruthless universe of large French families. And in the world of industrial wealthy, we are not kidding with the question of inheritance. We learn that on the patrimonial level, “Everything is in order: 75% of LVMH has already been transmitted to bare ownership to the five children and their two cousins, the children of the deceased sister Dominique“. It was at Christmas 2017 that Arnault children were damn spoiled under the tree.”Bernard Arnault thus gave them everyone more than 73 billion euros in shares“. The Christmas spirit is in place in the Arnault.”He keeps 25% of the holding of the holding company and the usufruct of the totalitywrite journalists. His priority: the sustainability and unity of the family group.”
Who will be the next CEO of LVMH among Delphine, Antoine, Alexandre, Frédéric and Jean Arnault?
As for the succession of management, it is therefore still not act. And as specified in Successionsa few lines later, Bernard Arnault is not Charlemagne, he does not intend to divide the direction of his empire between his children. “”It would not make sense, as the group is a company arrangementunderlines one of the LVMH barons. The chic of Dior compensates for the flashy Vuitton; Dom Pérignon is Champagne des Riches, Ruinart that of snobsMercier that of supermarkets. It is a puzzle entirely designed on complementarities“, We read. But who will be the elected official?
“The horses have just taken the start, the winner will stand out in the coming years“, According to group executives.
