The richest man in the world has a first and last name, in addition to having an empire that yields a billionaire fortune. Bernard Arnault he is CEO and president of the fashion house Louis Vuitton (LVMH) and trains his children to take over the reigns when he is away. Supposedly, he meets the five kids at least once a week so they can have lunch together.
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Discover Arnault's empire
Last year, the Bloomberg Billionaires Index indicated that Arnault is above Elon Musk, the owner of Tesla, and assumed the position of man with the greatest financial power on planet Earth. On April 19 of this year, the fortune was valued at US$ 208 billion.
The empire began in 1989, when Arnault took control of LVMH's shares. The company does not only include Louis Vuitton, but includes Bulgari, Tiffany, Sephora, Dom Perignon and Tag Heuer, other very famous brands.
All of the billionaire's children have taken on positions of great privilege within the company and the businessman has yet to decide who will lead in his place.
Bernard Arnault prepares his sons to lead the empire
The report of Wall Street Journal he revealed that this lunch with the children lasts about 90 minutes and takes place weekly in a private room at the company's headquarters.
At the start of lunch, Arnault sets aside the iPad to read with his children the topics that will be discussed during their time together. What becomes the agenda, certainly, are the businesses of Louis Vuitton.
The news portal claims that the billionaire asks his five children for advice even at the height of his 74 years of age.
The questions refer to the management of the company and act as a test to find out which of the sons will lead the company when the billionaire retires.
This is how the richest man in the world deals with the empire he built, leaving a legacy and preparing his heirs, although they are all active in their current jobs.
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