Just When You Thought 80 Was the Limit: Bernard Arnault, LVMH's Ageless Chief
Arnault, LVMH's chairman, may maintain his leadership position until he reaches the age of 85. - Luxury tycoon Arnault may continue leading LVMH up to the age of 85.
You'd be forgiven for thinking that 80 is the prime age for CEOs to retire and pass the baton to the next generation. But not Bernard Arnault, the 79-year-old force behind the globe-conquering fashion powerhouse LVMH. Despite the relentless march of time and the accumulation of decades worth of corporate wisdom, Arnault shows no signs of easing up.
Arnault's four offspring, ranging in age from 27 to 49, are no strangers to the LVMH empire. They've practically grown up among its illustrious brands, each of them key players in their own right. The older quartet even hold esteemed positions on the board, aligning them closer to the inner workings of the conglomerate than ever before.
Not too long ago, Arnault revamped the family's holding, ensuring that the reins remain securely in family hands. The Arnault family is the proud owner of a significant chunk of LVMH's capital (49%) and voting rights (nearly 65%). In 2024, LVMH raked in a staggering net profit of 12.55 billion euros and revenue of 84.7 billion euros, making it one of the most profitable and influential companies in the world.
The LVMH conglomerate boasts an impressive roster of more than 70 brands that span various luxury sectors, from fashion and leather goods to wine, spirits, fragrances, and jewelry. As the beloved curator of these iconic brands, Arnault continues to defy the odds and redefine the meaning of longevity in the corporate world.
- Subject: Bernard Arnault
- Position: CEO
- Company: LVMH
- Key Event: Annual General Meeting
- Bernard Arnault, the 79-year-old CEO of LVMH, aims to maintain his position atop the corporation until he is 85 years old.
- As the proud owner of 49% of LVMH's capital and nearly 65% of its voting rights, Arnault possesses a significant stake in the company he leads.
- As the benevolent overseer of over 70 luxury brands, including jewelry, under the LVMH umbrella, Arnault continues to shape the company's future, defying conventional expectations of CEO tenure.
