The French Luxury King

Bernard Arnault, the chairman of LVMH, has become the first European to reach a $300 billion net worth, surpassing American tech billionaires Mark Zuckerberg and Larry Ellison. The milestone was achieved after LVMH shares surged 40% on the Paris exchange, driven by blockbuster Q4 results and the surprise announcement of a Dior x Nike collaboration. The French luxury conglomerate reported €92 billion in annual revenue — up 15% from 2024 — with Asia-Pacific sales growing 28% as China's middle class rebounds from the property crisis.

Arnault's empire, which includes Louis Vuitton, Dior, Fendi, Tiffany & Co., and Sephora, now generates more revenue than the GDP of entire countries like Luxembourg and Malta. The 76-year-old billionaire's wealth has grown by €150 billion since the start of 2025, making him the fastest-rising member of the $200 billion club. His family's control of 48% of LVMH gives them unparalleled influence over the global luxury goods market, which is projected to reach €1.2 trillion by 2030.

The Secret to Arnault's Success

Arnault's strategy of acquiring iconic brands and maintaining creative independence has proven remarkably resilient. While American tech stocks have faced regulatory headwinds, luxury goods remain a safe haven for the global elite. The company's focus on experiential retail — flagship stores in Paris, Milan, and New York that function as cultural destinations — has driven record foot traffic and conversion rates. Arnault's children, who hold key executive positions across the group, ensure family control for generations to come.