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Notable Investments Of Bernard Arnault
Forbes Middle East - English
|August 2023
At the heart of the world’s second richest family is a prolific investor. Bernard Arnault was the richest person in the world when Forbes released its 2023 list of the World’s Billionaires in April. Here are some of his biggest backings.
LVMH’s Bernard Arnault and family stand as one of the world’s wealthiest families, overseeing an empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora. Forbes estimates the 74-year-old’s fortune at $231 billion as of July 12, 2023. Arnault’s five children all work at LVMH. In July 2022, the billionaire proposed a reorganization of his holding company Agache to give them equal stakes.
Agache—formerly Groupe Arnault—including its 100%-owned subsidiary Financière Agache, forms the principal investment vehicle of Arnault. The Frenchman’s holding company Agache backs venture capital firm Aglaé Ventures, which primarily executes technology-focused investments. In the first half of 2023, the venture capital firm backed seven companies.
This story is from the August 2023 edition of Forbes Middle East - English.
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