Bernard Arnault Joins the $100 Billion USD Net Worth Club

Joining the ranks of centibillionaires Jeff Bezos and Bill Gates.

By
Bernard Arnault Now Worth Over 100 Billion Dollars wealth LVMH Louis Vuitton France Luxury House Fashion hennessy
Chesnot/Getty Images
Fashion
21,709 Hypes 15 Comments

LVMH chairman and CEO Bernard Arnault has just entered the centibillionaire wealth club. Joining the ranks of a select few who have amassed a wealth of $100 billion USD or more, Bernard Arnault now sits on the list with the likes of Bill Gates and Jeff Bezos.

Solidified on Tuesday when LVMH’s stock jumped 2.9 percent (€368.80 EUR), Arnault now has a net worth of $100.4 billion USD, or roughly 3 percent of France’s economy. Fueled by an ever-growing demand in China for luxury goods, LVMH’s success this year has attributed to a wealth increase of $32 billion USD for Arnault this year alone.

In other news, Louis Vuitton drops sport-meets-suit pre-FW19 collection.

Read Full Article

You may also like

Alexandre Arnault Expected To Lead Newly Acquired Tiffany & Co. at LVMH (UPDATE)

Alexandre Arnault Expected To Lead Newly Acquired Tiffany & Co. at LVMH (UPDATE)

LVMH Agrees New Price for Tiffany Acquisition

LVMH Agrees New Price for Tiffany Acquisition

Netflix Acquires Sony's 'The Mitchells vs. The Machines' for Over $100 Million USD

Netflix Acquires Sony's 'The Mitchells vs. The Machines' for Over $100 Million USD

Elon Musk Will Prize $100 Million USD for the Best Carbon Capture Technology

Elon Musk Will Prize $100 Million USD for the Best Carbon Capture Technology

What to Read Next

FACETASM's SS20 "together" Collection Is an Expression of Unfinished Completion
Fashion

FACETASM's SS20 "together" Collection Is an Expression of Unfinished Completion

Proving imperfection can be perfect.
By /
2,180 Hypes   0 Comments
B Boys Are Raw & Unapologetic in Visual for "Pressure Inside"
Music

B Boys Are Raw & Unapologetic in Visual for "Pressure Inside"

The New York-based Punk Trio’s latest single gets a video.
By /
627 Hypes   0 Comments
Drake's "Hotline Bling" Gets Immortalized at the Las Vegas Madame Tussauds
Entertainment

Drake's "Hotline Bling" Gets Immortalized at the Las Vegas Madame Tussauds

Complete with an OVO sweatsuit and gold Rolex.
By /
3,385 Hypes   1 Comments
nonnative & Suicoke Unveil Functional Suede-Tinged Beach Sandals
Footwear

nonnative & Suicoke Unveil Functional Suede-Tinged Beach Sandals

Dubbed “HUNTER” and “MARINER.”
By /
3,615 Hypes   1 Comments
The Converse Chuck 70 Arrives In a Multicolored Flaming Archive Print
Footwear

The Converse Chuck 70 Arrives In a Multicolored Flaming Archive Print

Focused on flames.
By /
4,315 Hypes   1 Comments
BYBORRE's SS20 Collection Continues With Bold Textile Experimentation
Fashion

BYBORRE's SS20 Collection Continues With Bold Textile Experimentation

Titled “The TDK Edition™.”
By /
3,815 Hypes   2 Comments
More ▾
 
Subscribe to our Newsletter

Gain access to exclusive interviews with industry creatives, think pieces, trend forecasts, guides and more.

By subscribing, you agree to our Terms of Use and Privacy Policy.

Help us serve you better

We appreciate your support in allowing HYPEBEAST ads, where we can share contents from the latest fashion, to those culturally relevant. By adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.

Learn More ›