Who is Bernard Arnault?

Bernard Jean Étienne Arnault ( French: [bɛʁnaʁ ʒɑ̃ etjɛn aʁno]; born 5 March 1949) is a French business magnate, investor, and art collector. He is the founder, chairman, and CEO of LVMH Moët Hennessy Louis Vuitton, the world's largest luxury goods company.

Does Bernard Arnault have 6 years to pick a successor?

Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise? Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise? Bernard Arnault (centre) is the head of LVMH luxury group, and the world's richest person. (Reuters: Yoan Valat)

Can Bernard Arnault predict the next 'it bag'?

Arnaut is said to have a sixth sense when it comes to predicting the next "it bag" that will adorn the wrists of influencers, celebrities and regular people with disposable income. Bernard Arnault is said to have a special ability to predict the next high-fashion "it bag". (Reuters: Alessandro Garofalo)

Why did Bernard Arnault change LVMH?

Arnault has cleverly set up his business to prevent his children from turning against each other. In 2022, he changed the legal structure of his family holding company Agache to ensure the Arnaults will continue to control LVMH for years to come. Bernard Arnault asked shareholders to change the rules so he could remain CEO until the age of 80.