People · #14 of 100 Net worths as of Sep 24, 2026
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#14 of 100 · Luxury & retail

Bernard Arnault & family

LVMH
Net worth
$122.8B
Forbes Real-Time · as of Sep 24, 2026
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Latest moves

Sep 24, 2026 edition
Bernard ArnaultLeadershipLuxury & retailMC.PAAI read · — Defensive · control move

Arnault family rebuilds LVMH's holding company to lock in control

The move

The Arnault family plans to fold its LVMH stake into Christian Dior SE, then rename that entity Agache SCA, replacing Christian Dior as the family's single listed holding vehicle over LVMH.

Why it matters

A simpler structure makes it easier to keep LVMH under family control across generations, at a time when Arnault has not named a single successor among his five children.

The bear case

Restructuring family control doesn't fix LVMH's underlying problem: luxury demand has been soft enough this year that Arnault fell out of the world's top 10 richest.

What to watch

Whether the restructuring comes with any signal on succession.

Source · BloombergRead original ↗Report an error

Recent SEC filings

This person doesn't file with the SEC.

Footprint

Companies

LVMH Moët Hennessy Louis Vuitton SEMC · Euronext Paris · Chairman & CEO · Arnault family group 50.33% of… · as of Sep 2026
More
Ticker
MC
Exchange
Euronext Paris
Role
Chairman & CEO; Arnault family group is controlling shareholder
Stake
Arnault family group 50.33% of capital, 66.27% of voting rights (incl. Financière Agache 6.77%/8.49% direct and Agache 0.51% direct; remainder via Christian Dior SE)
Stake as of
2026-09-23
source ↗
Financière Agache / Agache SCAFamily office/holding
More
Role
Family office/holding (Agache SCA set up July 2022 owns Financière Agache); controls Christian Dior SE (~96%)
source ↗
Christian Dior SE (listed holding company over LVMH)CDI · Euronext Paris · Family holding · Financière Agache 96.00% of… · as of Sep 2026
More
Ticker
CDI
Exchange
Euronext Paris
Role
Family holding; to be merged with Agache and renamed Agache SCA
Stake
Financière Agache 96.00% of capital / 97.10% of votes, plus Agache 0.65% direct
Stake as of
2026-09-23
source ↗
Paris FC (Paris football club) via AgacheMajority owner · 52.4% · as of Nov 2024
More
Role
Majority owner (Agache), with Red Bull as minority partner; family share to rise to ~80% in 2027
Stake
52.4% (Red Bull 10.6%)
Stake as of
2024-11-29
source ↗

Stakes

Château Cheval Blanc (Saint-Émilion) - held by LVMH with the Frère family; Arnault bought with Albert Frère in 1998, LVMH took Arnault's share in 2009 (older fact)
source ↗
Loro Piana (via LVMH) — LVMH exercised a call option to buy another 9% from the Loro Piana family for about €1B, taking its stake from 85% to 94% (implied €11B valuation)94% · as of 2025 (reported Jan 2026)
More
Stake
94% (LVMH)
Stake as of
2025 (reported Jan 2026)
source ↗

Investment vehicles

Agache SCAholding co
More
Type
holding co
Notes
Joint-stock partnership formed July 2022; top of the family structure, owns Financière Agache.
source ↗
Financière Agacheholding co
More
Type
holding co
Notes
Holds 96.00% of Christian Dior and 6.77% of LVMH; to be merged into Agache at end-2026
source 1 ↗source 2 ↗
Aglaé Venturesfund
More
Type
fund
Notes
Family venture-capital arm set up in 2017; tech investments reported to include Netflix, Spotify, Airbnb.
source ↗
Agache (family holding; to absorb Financière Agache, then merge into Christian Dior to form Agache SCA)holding co
More
Type
holding co
Notes
Post-restructuring Agache SCA would hold directly 49.76% of LVMH capital and 65.55% of votes (per the Sept 2026 plan)
source ↗
Agache (Paris FC holder)holding co
More
Type
holding co
Notes
Became Paris FC majority owner on completion of the takeover, 2024-11-29
source ↗

Private deals

Arnault family group plan to simplify its structure (announced 2026-09-23): Financière Agache merges into Agache, then…Sep 2026
More
In full
Arnault family group plan to simplify its structure (announced 2026-09-23): Financière Agache merges into Agache, then Agache converts to an SCA and merges into Christian Dior, which is renamed Agache SCA; then a mandatory tender offer for the 2.44% of Christian Dior it does not own, at 95% of look-through NAV based on the 1-month average LVMH price (illustrative €469.05/share), with no squeeze-out
Date
2026-09-23
source ↗
LVMH bought ~9% more of Loro Piana from the founding family for ~€1B via call option (85% to 94%)2025
source ↗
Agache completed majority takeover of Paris FC (52.4%) alongside Red Bull (10.6%)Nov 2024
source ↗

Real estate

Paris (Bois de Boulogne)Fondation Louis Vuitton museum… · ~EUR 780m (construction) · 2014
More
Type
Fondation Louis Vuitton museum building (Frank Gehry; opened 20 Oct 2014; cost ~EUR 780m by 2017); on a concession, it passes to the City of Paris after 55 years
Price
~EUR 780m (construction)
Date
2014
Via
LVMH / Fondation Louis Vuitton
source ↗

Trophies

Fondation Louis Vuitton (Paris contemporary art museum commissioned by Arnault)
source ↗
Superyacht Symphony (Feadship, 101.5 m, delivered 2015, ~$150m) - owned asset
source ↗
Media: Les Echos, Le Parisien, Radio Classique (group-controlled French media)
source ↗
Wine estates in the group, incl. Château Cheval Blanc (with Frère family) and Château d'Yquem (LVMH)
source ↗
Paris FC — majority-owned via Agache, with Red Bull as partner
source ↗

Legal & regulatory

Milan court placed Manufactures Dior SRL under one-year judicial administration (June 2024) over exploitative…
More
In full
Milan court placed Manufactures Dior SRL under one-year judicial administration (June 2024) over exploitative conditions at four suppliers
source ↗
Italian competition authority (AGCM) probe into Dior (opened July 2024) over possibly misleading consumers about…
More
In full
Italian competition authority (AGCM) probe into Dior (opened July 2024) over possibly misleading consumers about labour/supply-chain practices
source ↗
Dior customer-data breach discovered 7 May 2025 (mainly China customers: names, contacts, purchase history)
source ↗
Anti-corruption group's complaint alleging ~EUR 603m in state tax benefits for Fondation Louis Vuitton was dismissed…
More
In full
Anti-corruption group's complaint alleging ~EUR 603m in state tax benefits for Fondation Louis Vuitton was dismissed in Sept 2019 (older)
source ↗
Milan court placed Loro Piana under one-year judicial administration (July 2025) over worker exploitation at…
More
In full
Milan court placed Loro Piana under one-year judicial administration (July 2025) over worker exploitation at subcontracted workshops; the brand later welcomed an early end to the administration
source ↗
Early conclusion of Loro Piana's judicial administration
source ↗

Giving

Fondation Louis Vuitton (French non-profit sponsored by LVMH)
source ↗

Research gaps: Pass 2 replaced the Wikipedia sourcing for LVMH/Dior stakes, Paris FC and Loro Piana with the 2026-09-23 group press release, France24/AFP and WWD. Still Wikipedia-sourced and not retracted: Groupe Arnault media (Les Echos/Le Parisien), Aglaé Ventures, Cheval Blanc, Fondation Louis Vuitton, and the Dior court/AGCM/data-breach items. The LVMH Q3 revenue date is still unconfirmed.

What to watch

LVMH Q3 2026 revenue release (date not confirmed; calendar page is JS-rendered)
source ↗
Outcome of Italian AGCM probe into Dior supply-chain claims
source ↗
Christian Dior EGM to vote on the Agache merger and SCA conversionDecember 2026
source ↗
Mandatory tender offer for the 2.44% Christian Dior minority (subject to AMF clearance; price fixed 5 business days…Q1 2027
More
In full
Mandatory tender offer for the 2.44% Christian Dior minority (subject to AMF clearance; price fixed 5 business days before the EGM)
When
Q1 2027
source ↗
Paris FC: planned increase of the Arnault share to ~80% (and Red Bull to 15%) in 20272027
source ↗
Remaining ~6% Loro Piana minority held by the founding family
source ↗