Billionaire, businessman and the chairman and chief executive of LVMH (LVMUY), Bernard Arnault holds the crown as the richest person in the world. According to Forbes, Arnault has a fortune of $217.9 billion.LVMH is the biggest luxury goods company in the world and owns more than 70 high-end brands including Louis Vuitton, Givenchy and Fendi.
Arnault is known for taking struggling brands under his wing and making them profitable. As a result, Arnault's net worth rose by $53 billion since last year and LVMH shares surged 18% due to high demand, according to Forbes.
The billionaire was born on March 5, 1949, in Roubaix, a city in northern France, and comes from a wealthy family who owned a construction company. Arnault had a good education and holds a degree in engineering from the École des Mines de Paris.
Putting aside Arnault's business acumen and wealth, he enjoys art and has one of the biggest private art collections in the world. He has donated millions of dollars to charities in his time.
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