<div style="page-break-before: always; page-break-after: always;">
<p>The year began in full swing at LVMH Mo&euml;t Hennessy Louis Vuitton. Bernard Arnault, the chairman and CEO of the global luxury goods empire, appointed his 29-year-old son Fr&eacute;d&eacute;ric as head of the company&rsquo;s watch division, overseeing Hublot, TAG Heuer, and Zenith brands. On January 25, 2024, the billionaire nominated Fr&eacute;d&eacute;ric and his older brother Alexandre to sit on the company board in a move to secure long-term family control. They join their older siblings, Delphine and Antoine. The youngest, Jean, is the only one not on LVMH&rsquo;s board, yet five of Arnault&rsquo;s children hold management positions at the luxury conglomerate. The next day, on January 26, the 74-year-old overtook Elon Musk to become the world&rsquo;s richest person. Forbes estimated that Arnault and his family&rsquo;s net worth reached $207.8 billion after climbing $23.6 billion on that day. The French luxury goods tycoon was the world&rsquo;s richest person for the first five months of 2023. As of February 15, 2024, Forbes estimated his real-time net worth to be $219.2 billion. The boost in his fortune comes as LVMH shares soared on the back of posting high sales for 2023, recording a 13% organic growth to reach $93.29 billion (&euro;86.2 billion). As Arnault tightens family control, meet the siblings behind the LVMH empire.</p>
<p><strong>Delphine, Age</strong>: 48</p>
<p><strong>Title</strong>: CEO and Chairman of Christian Dior Couture Arnault's eldest daughter has been the chairman and CEO of Christian Dior Couture since February 2023. After serving as deputy managing director of the fashion label from 2008 to 2013, Delphine was appointed as executive vice president of Louis Vuitton, where she oversaw product-related activities. She has been a member of LVMH&rsquo;s board of directors and the group&rsquo;s executive committee since 2003.</p>
<div style="page-break-before: always; page-break-after: always;">
<p><strong>Antoine, Age</strong>: 46</p>
<div style="page-break-before: always; page-break-after: always;">
<p><strong>Title</strong>: Image &amp; Environment Officer at LVMH Antoine has overseen the group&rsquo;s image and environmental efforts since 2018. In November 2023, it was reported that he was stepping down as CEO of Berluti, but he remains chairman of the Italian shoemaker and Italian luxury label Loro Piana. He has also been the CEO and vice-chairman of the family holding company, Christian Dior SE, since December 2022. The second eldest also sits on the board of directors at LVMH.&nbsp;</p>
<p><strong>Alexandre, Age: 31</strong> </p>
<p><strong>Title</strong>: Executive Vice President of Product and Communications at Tiffany &amp; Co.&nbsp;Alexandre is the executive vice president of product and communications at Tiffany &amp; Co., the American jeweler LVMH acquired for $15.8 billion in 2021. In 2017, he served as CEO of RIMOWA after LVMH acquired an 80% stake in the German suitcase maker for $692.7 million. Before joining his two older siblings at the luxury empire, he worked in strategic consulting at McKinsey &amp; Company and in private equity at KKR in the U.S.</p>
<p><strong>Fr&eacute;d&eacute;ric, Age</strong>: 29 </p>
<p><strong>Title</strong>: CEO of LVMH Watches Fr&eacute;d&eacute;ric was promoted to head of LVMH Watches, effective January 1, 2024.</p>
<div style="page-break-before: always; page-break-after: always;">
<p>Before working for the family business, Fr&eacute;d&eacute;ric worked at consulting firm McKinsey and at Facebook&rsquo;s AI research division. In 2017, he joined TAG Heuer to manage its smartwatch activities. He was appointed chief strategy and digital officer in October 2018 before taking the helm as CEO of the Swiss watch manufacturer in July 2020.</p>
<p><strong>Jean, Age</strong>: 25</p>
<div style="page-break-before: always; page-break-after: always;">
<div>
<p><strong>Title</strong>: Watch director of Louis Vuitton&nbsp;</p>
<div style="page-break-before: always; page-break-after: always;">
<div>
<p>Arnault&rsquo;s youngest son has been the director of watches at Louis Vuitton since September 2022. He was the director of marketing and development for the luxury giant&rsquo;s watches division in August 2021. Before joining Louis Vuitton, Jean interned as an investment banking analyst at Morgan Stanley and interned at McLaren Racing.</p>
</div>
</div>
</div>
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</div>

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.