LVMH Billionaire Bernard Arnault Receives Malcolm S. Forbes Lifetime Achievement Award [Forbes]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Forbes
Courtesy of Forbes Asia Bernard Arnault , chairman and CEO of LVMH Group , received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference 2024 on Wednesday in Bangkok. The award recognizes a lifetime of achievement and is a celebration of the global business success bestowed upon an individual who embodies and exemplifies the ideals of entrepreneurship championed by the late Malcolm S. Forbes, the legendary publisher of Forbes A civil engineer by training, Arnault went on to parlay a small fortune from his family's construction business in northern France into a multibillion dollar global fashion empire. With a net worth of $156 billion, Arnault is the world's fifth-richest person, according to Forbes ' real-time data. Arnault created LVMH to become the world's largest luxury conglomerate by market cap ($312 billion) with a portfolio of over 75 luxury brands including flagship Louis Vuitton and Moet Hennessy. The French tycoon got his start with
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