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Bernard Arnault


The World's Billionaires #7

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Age: 58

Fortune: Inherited and Growing

Source: LVMH

Net Worth: $26.0 bil

Country Of Citizenship: France

Residence: Paris , France, Europe & Russia

Industry: Diversified

Marital Status: Married, 5 children

Education: Ecole Polytechnique de Paris, Bachelor of Arts / Science

Put up $15 million from his family's midsize construction firm to buy Christian Dior in 1985. Since then has built the world's largest luxury goods empire, LVMH Moet Hennessy Louis Vuitton, whose brands also include Dom PĂ©rignon, Fendi and Tag Heuer Still heads the company, which is expanding rapidly in China, Russia and India. LVMH recently hired Frank Gehry to design a $127 million private museum in Paris.

Son Antoine, 27, joined sister Delphine, 31, on LVMH's board last year. Arnault also set up an investment fund with his good friend Albert Frere in 2006; pair own two wineries together.

In December opened his four-star hotel Le Cheval Blanc in ski resort Courcheval, France, where he often spends New Year's Eve. Said to be a skilled pianist.









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