No.2 - BERNARD ARNAULT (LVMH)


Age: 69

 

Years at current company: 29

 

Industry: Luxury goods

 

Turnover: $50bn

 

Rate of growth: 13% in 2017

 

Bernard Arnault epitomises the French luxury goods industry. As far back as the end of the 1980s this engineering graduate – who now heads LVMH, owners of such world-renowned French brands as Christian Dior and Moët & Chandon – was making waves in the boardroom. Having acquired a 25% share in LVMH, he quickly became a key figure in the group, eventually becoming a majority shareholder and just last year landing at No. 4 on Forbes’ World’s Wealthiest Billionaires list.

After being elected chairman and CEO, he embarked on a hugely profitable acquisition strategy which has seen LVMH’s turnover progress by 500% over the last 11 years.  

 

Notable success: By adding high-value additions such as Berluti, Kenzo and Guerlin to the LVMH stable, Bernard Arnault has forged an unrivalled luxury goods empire. His personal fortune is estimated at around 68 billion dollars.

Read the full Special Report: Top 100 Executives – 2018 Edition

A lack of a long-term strategy is a good indication of a company that lacks ambition, and this is often a fatal flaw. For our first ever Top 100 Executives list, Leaders League took the conscious decision to highlight those executives who, without losing sight of the present, have been able to envisage the future. It’s notoriously difficult to find a way for these two temporalities to coexist in today’s fast-paced digital world, but all those on our list have outstanding leadership abilities, iron determination and, of course, The Vision Thing.
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