Bernard Arnault Joins the $100 Billion USD Net Worth Club

Joining the ranks of centibillionaires Jeff Bezos and Bill Gates.

By
Fashion
21,530 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
Source
Bof

Join Our Discussions on Discord

The HYPEBEAST Discord Server is a community where conversations on cultural topics can be taken further.

1087 Users Online

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.

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.

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.


nonnative & Suicoke Unveil Functional Suede-Tinged Beach Sandals
Footwear

nonnative & Suicoke Unveil Functional Suede-Tinged Beach Sandals

Dubbed “HUNTER” and “MARINER.”

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.

BYBORRE's SS20 Collection Continues With Bold Textile Experimentation
Fashion

BYBORRE's SS20 Collection Continues With Bold Textile Experimentation

Titled “The TDK Edition™.”

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. In adding HYPEBEAST to your ad blocker's whitelist, ads on our sites will show while you continue to browse.