Bernard Arnault, trillionaires can get rich by flexing other people
Bernard Arnault, the trillionaire who became rich by flexing other people's nature: Louis Vuitton, Fendi, Christian Dior...
Bernard Arnault, the richest person in the world (Instagram bernararnault_fanpage)
- The many phenomena of rich people buying luxury goods has made Bernard Arnault named the richest person in the world.
How could it not be, many luxury brands such as Louis Vuitton, Fendi, Christian Dior and 75 other brands are owned by this 75 year old man.
Bernard Arnault shifted the names of various rich people in the world such as Elon Musk, Jeff Bezos, Mark Zuckerberg to Larry Ellison.
Quoted by Hops.ID from Reels @stevenhoward_ on Friday, April 12 2024, Bernard Arnault himself is the owner of LVMH (Louis Vuitton Moet Hennessy) which is a world luxury goods conglomerate company.
"Louis Vuitton, Fendi, Christian Dior are 3 brands out of 75 brands," said Steven Howard.
Bernard Arnault now serves as Chairman and CEO of LVMH.
"Arnault himself is the Chairman and CEO of LVMH, a luxury goods manufacturer in the world," said Steven Howard.
Even though Bernard Arnault himself is known to have no background in fashion design, he is an engineering graduate.
Before he was named the richest person in the world, around the 1990s, many people opposed Bernard Arnault's idea of combining these luxury brands into one group of companies.
The wealth of this French-born man increased when the crazy rich phenomenon spread, buying luxury goods.
"The peak of Arnault's wealth was when the crazy rich phenomenon mushroomed around 2021-2022," said Steven Howard.
Many artists and influencers show off the various luxury items they bought.
This makes LVMH's sales increase and makes the company's opinion rise.
"Making LVMH sales increase by 23 percent and reach €98 billion," said Steven Howard.
Since 2021, since the first time Bernard Arnault has become the richest person in the world. ***
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