Luxury goods mogul Bernard Arnault is the world's richest person.
Bernard Arnault is currently the world's richest person with a net worth of about $201 billion, according to estimates by Bloomberg. He's only the third person to surpass the $200 billion mark following tech moguls Jeff Bezos and Elon Musk, both of whom have since seen their wealth fall.
Arnault cofounded LVMH in the 1980s, and is its CEO and chair. The French luxury conglomerate owns a range of brands covering fashion, perfume, jewelry, watches, and alcohol including Marc Jacobs, Givenchy, Moët & Chandon, Fenty Beauty, and Tiffany & Co.
In February, Arnault's daughter, Delphine, became CEO of Dior. But it's not just Delphine who's risen up LVMH's ranks. All four of Bernard's sons work at LVMH and its brands, too.
"Succession planning in strategic roles has been instrumental to the success of LVMH's key brands over the past 20 years," Citi analyst Thomas Chauvet said, per Reuters.
Arnault, 74, has not said who he wants to take over from him, but it's a topic that gets discussed every time he gives one of his offspring a new role. Last year LVMH raised the age limit of its CEO from 75 to 80, extending Arnault's possible tenure.
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