LVMH chief executive Bernard Arnault, the world’s third-richest man, is said to be deciding which of his five children will take over the empire.
The company recently moved to raise its age limit for a chief executive officer so Arnault can stay on.
Arnault, 73, has run the luxury conglomerate for decades. His net worth is estimated at $155 billion. LVMH includes fashion brands Louis Vuitton and Christian Dior, champagne producer Moët & Chandon, and watch company TAG Heuer.
The CEO could use this time to think about which one of his children will take over, according to a recent Fortune article. The aging patriarch and his five children vying for power closely mirror HBO’s series Succession.
Meet Arnault’s five talented children who could one day run LVMH.
Delphine Arnault
The French businesswoman is 46 and the VP of Louis Vuitton. She attended the EDHEC Business School in Lille and the…
