Bernard Arnault owns a lot of wonderful things. As a man worth nearly $194 billion, the best thing he owns is his company, LVMH Moët Hennessy Louis Vuitton. And as the Chairman and CEO of LVMH, the French tycoon owns all of the top four most valuable wine and Champagne brands in 2024. This incredible fact was revealed in a new report from brand valuation consultancy Brand Finance.
Moët & Chandon ranked as the most valuable wine brand in the world, valued at $1.4 billion. The second spot was taken by Chandon, worth $1 billion, third place went to Veuve Clicquot, worth $960 million, and at number four was LVMH’s Dom Pérignon, valued at $800 million.
In the process of occupying the top four places, LVMH-owned brands dethroned the Chinese wine brand Changyu from second place in 2023 to fifth this year. Henry Farr, director of Brand Finance, credited the LVMH empire’s firm pricing strategy and strong sales volumes as key reasons for this stupendous success. He said, “The post-pandemic growth of the sparkling wine industry has bolstered LVMH’s champagne brands, driving strong financial results.”
The world’s third richest man, Arnault’s conglomerate owns 75 brands, including Louis Vuitton, Sephora, and Tiffany & Co. The investor and art collector resides in a 150-year-old castle in northwest Saint-Emilion in Bordeaux, France, and owns a spectacular $150 million Feadship superyacht, the 333-footer Symphony. He even owned a private jet, which he gave up after getting frustrated with jet trackers and the backlash that ensued.
