The man has recently been crowned as the richest person in the world with a net worth of $186,3 billion. We believe most of you are familiar with the name Bernard Arnault himself. He is a majority shareholder of LVMH, a group holding who owns and controls high-end luxury brands like Louis Vuitton, Christian Dior, Celine, Givenchy, Loro Piana, Fendi, Loewe, Bulgari, Kenzo, Marc Jacobs, Stella McCartney, and many more. Not to mention many watches, jewerly, cosmetics, wine and spritis are under LVMH holding company. In January 2021, LVMH adding a new company into their portfolio by purchasing Tiffany and Co.

In 2020 alone, LVMH recorded 44.7 billion euros in revenue. Since the pandemy restricted people from traveling abroad and made some people reducing the spending, LVMH’s revenue actually was down 17% from 2019. Despite that, people’s enthusiasm towards the brands didn’t seem to decline. In the first half of 2021, LVMH revenue rose by over 55% annually. Sales in USA and Asia have inclined sharply since the beginning of the year.

With that massive sales, LVMH definitely will keep expanding their business worldwide. Not long ago LVMH acquired 60% stake in fashion brand Off-White, but the size of the deal was not disclosed.