If you add up the personal fortune of Richard Branson, Mark Cuban, Simon Cowell, Jack Dorsey, Tim Cook, Jim Ratcliffe, Peter Jones, Phil Knight, Michael Jordan, Rupert Murdoch, Tiger Woods and James Dyson you will come to a staggering $108.1 billion.
But here’s the real shock — that’s less than half the personal fortune of Bernard Arnault , the richest man in the world with a fortune of $221 Billion USD.
Bernard Arnault is the CEO of LVMH, the world’s largest group of luxury brands like Louis Vuitton, Dior and Dom Perignon.
But Arnault isn’t the founder of any of the 75 brands or “houses” in the LVMH portfolio, he doesn’t even design the products — what he is though is an amazing businessman who has amassed more wealth than any human in history…..this is his story, and what a story it is!
The luxury sector
People talk about tech companies being the best business — but when you can sell a leather handbag for $10,000 or bottle of champagne for $5,000, not to mention the markup on luxury fragrance, watches, and clothing, it’s hard not to look at the luxury sector as being one hell of an investment.
