Bernard Arnault Net Worth in 2026: Why His Fortune Has Swung by Tens of Billions as Chinese Luxury Demand Cooled

LVMH's revenue fell in each of the last two reported years — from €86.2 billion in 2023 to €84.7 billion in 2024 and €80.8 billion in 2025 — as Chinese consumers, long the engine of global luxury growth, pulled back spending amid a weaker domestic economy.

All five of Arnault's children now hold senior roles across LVMH's brands, and speculation over who eventually succeeds him has become its own recurring story. Asked in December 2025 who would take over, Arnault told CNBC: "Talk to me again in 10 years, I can give you a more precise answer."

Now 77, Arnault can keep running LVMH until he's 85 after shareholders approved a change to the company's bylaws raising the mandatory retirement age for its chairman and CEO.

He holds an estimated 210,000,000 shares of MC.PA

The remaining $20.00B is a static estimate for privately-held assets, cash, and other holdings that don't have a live public price — this portion doesn't move minute-to-minute like the MC.PA stake does.

Bernard Arnault is the chairman and CEO of LVMH, the world's largest luxury goods company, which controls around 75 brands including Louis Vuitton, Dior, and Tiffany & Co.

He began by taking over his family's construction business and used the proceeds to build a luxury empire through a series of acquisitions over several decades. Several of his five children hold senior roles across LVMH's brands.