Bernard Arnault Honored with Forbes Lifetime Achievement Award
The LVMH CEO is recognized for his transformative impact on the global luxury industry.
- Bernard Arnault, CEO of LVMH, received the Malcolm S. Forbes Lifetime Achievement Award at the Forbes Global CEO Conference in Bangkok.
- Arnault is celebrated for building LVMH into the world’s largest luxury conglomerate, encompassing over 75 prestigious brands.
- Under Arnault's leadership, LVMH achieved a market cap of $312 billion, with significant acquisitions including Tiffany & Co. in 2021.
- Arnault emphasized the importance of family involvement in business, with all five of his children holding roles within LVMH.
- LVMH's significant market presence in China, which accounts for 34% of its sales, highlights its global expansion strategy.