Bernard Arnault: The Arno family owns the biggest names in the fashion world, such as Dior, Tiffany, Louis Vuitton and dozens of other companies.
The two sons of Bernard Arnault, the world’s richest man, are joining him on the board of his LVMH, further consolidating the family’s power in the world of fashion.
Bernard Arnault, Alexander, 31, the executive vice president of Tiffany, and Frederic, 29, the CEO of the Swiss watchmaker Tag Heuer (Tag Heuer), became members of the board of directors of the giant of the fashion world after the positive vote of the shareholders, and thus the Arno family control over this company that produces a variety of goods. French luxury increased. Each of them won more than 93% of the votes in the shareholders’ meeting, which was not surprising.
According to the Guardian, the two joined their older siblings on the board of the company, which includes fashion houses such as Dior and Louis Vuitton. In this way, four of Bernard Arno’s five children are now members of the board of directors.
Forbes magazine currently lists Bernard Arnault and his family as the world’s richest people with a fortune of $214bn (£172bn), ahead of Amazon founder Jeff Bezos and Tesla and X social network CEO Elon Musk. Bloomberg estimated his wealth to be six billion dollars more than Forbes.
Bernard Arnault, Arno family group owns 48.6% of LVM’s capital and 64.3% of votes; A fact Arno acknowledged shortly before the vote: “I have the majority of the votes, so…”
Delphine, 49, and Antoine, 46, Arnaud’s two other children from his previous marriage, have already joined the board, but the youngest brother, Jean, 26, still has to wait his turn.
“He has time, he’s young,” Arnaud, 75, said of Jean.
Bernard Arnault
Dolphin
Delphine, born in 1975, is the eldest of Bernard’s five children and his only daughter. He started working as CEO and President of Dior in February 2023.
Antoine
Antoine is the CEO of his parent company LVM. He is the eldest son of Bernard who was born in 1977. Like Delphine, Antoine is from Bernard’s first wife, Anne of Devourin. He started his career managing communications for Louis Vuitton and became CEO of Christian Dior in December 2022.
Alexander
After LVM bought Tiffany, Alexander became the executive vice president of Tiffany. Born in 1992, he is Bernard’s first son from his second wife, Helene Mercier.
Frederick
Frederick is the head of his LVM watch division. He was born in 1995 and was appointed as the head of its LVM watch division in January.
Jean
The youngest son, Bernard, is the director of Louis Vuitton’s watch division and was born in 1998, according to the Financial Times. He holds a master’s degree in financial mathematics from the Massachusetts Institute of Technology (MIT) and a mechanical engineering degree from Imperial College London.
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