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Over the past couple of decades, tech billionaires have dominated the top of the billionaires' list as the tech industry boomed. However, recently, Bernard Arnault who is the CEO of LVMH overtook the biggest tech tycoons in the world and claimed the title of the world's richest person with a net worth of just under $200 billion. Unlike his peers though, Bernard didn't found any of his companies. Rather, Bernard Arnault slowly but consistently acquired company after company building himself an empire over several decades. Today, LVMH owns a total of 75 different brands ranging over a variety of different fashion and luxury sectors from Christian Dior and Celine to Louis Vuitton and Bulgari. This video explains the story of how Bernard Arnault built LVMH and how Bernard Arnault became the richest person in the world.
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Timestamps:
0:00 - Bernard Claims The Crown
0:28 - Construction Company
2:33 - Christian Dior
4:25 - LVMH
6:19 - Failed Gucci Acquisition
10:01 - The Relentless Rise
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Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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19 июл 2024
