LVMH King Bernard Arnault Joins The US$100 Billion Net Worth Club
— Updated on 18 July 2022

LVMH King Bernard Arnault Joins The US$100 Billion Net Worth Club

— Updated on 18 July 2022
John McMahon
WORDS BY
John McMahon

LVMH chairman and CEO Bernard Arnault has joined the ‘centibillionaires’ club. Never heard of that term before? Neither had we, but we suppose it’s probably due to the fact that it only has three members.

Just three. Only three individuals in the world have a net worth north of US$100 billion. Let that sink in for a moment.

Arnault scraped in on Tuesday when LVMH’s stock jumped 2.9 per cent (€368.80 EUR), confirming his revised net worth of US$100.4 billion, roughly 3 per cent of France’s economy.

To no one’s surprise, Amazon CEO Jeff Bezos is still the king of the castle with US$157.54 billion (his divorce settlement doesn’t come into effect until July), followed by Bill Gates, who’s not that far above Arnault himself, sitting on US$103.05 billion, according to Forbes‘ real-time billionaires list.

LVMH’s success this year has attributed to a wealth increase of $32 billion USD for Arnault this year alone.

RELATED: A Look At LVMH Chairman Bernard Arnault’s $200 Million Feadship Symphony

Source: BOF.com

John McMahon
WORDS by
John McMahon is a founding member of the Boss Hunting team who honed his craft by managing content across website and social. Now, he's the publication's General Manager and specialises in bringing brands to life on the platform.