Before the anti-Elon Musk troops weigh in, no, none of Musk’s daughters are heading up Christian Dior.
Last month, the title of the world’s richest man went from the ‘mad scientist’ to the ‘wolf in cashmere’ — Bernard Arnault. Holding a net worth of roughly $170.8 billion (give or take $7.2 billion) in December per Bloomberg and Entrepreneur, Arnault knocked Musk out of first place.
On the throne of the largest luxury conglomerate as LVMH’s Chairman and CEO, the news of Arnault’s wealth status was not shocking.
Indeed, succession chops and changes are a part of any powerful company, so the news of selective leadership changes also lacked any element of surprise.
Recently, Arnault placed his daughter Delphine (47) at the helm of luxury brand Dior.
The news of Delphine Arnault’s move to the Dior throne will see her predecessor Pietro Beccari at the head of Louis Vuitton, LVMH’s biggest and most lucrative brand.
Delphine, no newcomer to high fashion, was the Executive Vice President of Louis Vuitton for the past decade. Before that, she was Dior’s Deputy Managing Director. A family rooted in all things luxury, Bernard Arnault’s other children also have their work cut out for them.
Succession at its finest
As the New York Times shares, Alexandre Arnault (30) is Tiffany &Company’s Executive Vice President of product and communications. Antoine Arnault (45) is Christian Dior SE’s Chief Executive. Frédéric Arnault (27) is Tag Heuer’s Chief Eexective and Jean Arnault (24) is the watches director at Louis Vuitton.
LVMH, a snapshot
Arnault’s luxury conglomerate houses most of the major name players in luxury, fashion, perfumes, watches, jewelry and wine — many of which are ‘Legacy Houses’. The company has over 70 fashion and cosmetic brands according to Forbes.
Fendi, Givenchy, Marc Jacobs join Louis Vuitton and Dior for some of fashion’s biggest names, while in perfume and cosmetics, Stella by Stella Mccartney, Fenty Beauty and Guerlain are housed.
One of the biggest closers for the company was Tiffany &Co.
Arnault and Antoine Bernheim began what would become LVMH in 1984. Today, Arnault’s family is worth an estimate of $203.7 billion.
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Feature Image: Eric Piermont/Getty
