DEFINITION of 'Bernard Arnault'

The founder, chairman, and CEO of luxury goods conglomerate LVMH. Born in 1949 in France, Arnault is one of the richest people in the world, with an estimated net worth of $41.5 billion according to the 2017 Forbes Billionnaires List, and in the past Time has also named him one of the most influential people in the world.

BREAKING DOWN 'Bernard Arnault'

LVMH is a French holding company, formed through a 1987 merger, that owns more than 60 internationally recognized luxury good companies, including Louis Vuitton, Mo√ęt et Chandon and Hennessy. The majority of LVMH's brands fall into the categories of wine and spirits, fashion and leather goods, perfumes and cosmetics, and watches and jewelry.

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