Tuesday, July 27, 2010

#7 Bernard Arnault - $27.5 billion

Bernard Arnault (born 5 March 1949) is a French businessman.

He is the 7th richest person in the world in March 2010 with a net worth of $27.5 billion US dollars, according to Forbes.

A native of Roubaix, Arnault owns 51% of LVMH (Louis Vuitton Moët Hennessy), which is also partly owned by Christian Dior. Arnault is the Chairman and CEO of both companies. He also owns Phillips, de Pury & Luxembourg, an art auction house.

As of March 2007, Arnault owns a 47.5% majority[2] of LVMH (Moët Hennessy Louis Vuitton), along with Christian Dior SA. Arnault is the Chairman and CEO of both companies.

His daughter Delphine Arnault is actively involved in the management of LVMH. Arnault also owned the art auction house Phillips de Pury & Company from 1999 to 2003.

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