LVMH’s CEO, Bernard Arnault is the richest man in France with a $28.3 billion fortune

The founder, chairman, and CEO of the famed luxury goods corporation – LVMH, Mr. Bernard Arnault has topped the list of Challenges magazine’s annual 500 wealthiest professionals. With an estimated fortune of £18.9 billion ($28.3 billion), Arnault is now the richest man in France. The CEO of the fashion company that includes famed brands such as Fendi, Dior and Louis Vuitton, has beaten last year’s winner, Auchan supermarket owner Gérard Mulliez, to take the top spot. Following closely behind Auchan is Mr. Gérard Mulliez (one of the principal shareholders of L’Oreal), who has come in third on the list with an estimated fortune of £14.3 billion ($21.4 billion). Hermès and Bertrand Puech families came in fourth with £7.1 billion ($10.6 billion) fortune. Chanel’s Alain Wertheimer, however, failed to make it in the top five and had to be content at the eighth spot.

Although these business moguls don’t have royal blood flowing through their veins, they could give any of the royals a tough competition when it comes to riches.

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