French luxury goods magnate Bernard Arnault reportedly meets his five children for lunch once a month to debate strategy for his burgeoning business empire.
Arnault, the 74-year-old CEO of LVMH Moët Hennessy Louis Vuitton, invites the world’s richest family to the dining room of the corporate’s Paris headquarters for a 90-minute meal, during which he asks his children for their opinions on the perfect strategy to run. conglomerate, based on The Wall Street Journal.
Arnault reads from her iPad, collecting the brains of her brood – Delphine Arnault, 48, who runs Christian Dior; Antoine Arnault, 45, who’s the CEO of the corporate that owns the family stake in LVMH; Alexandre Arnault, 30, executive vice chairman of Tiffany & Co.; Frédéric Arnault, 28, who manages the TAG Heuer watch brand; and Jean Arnault, 24, director of promoting and development for the corporate’s watch division.
The monthly sessions are a part of Arnault’s overall, decades-long plan to arrange his children to run the corporate when he’s gone, based on The Journal.
As they grew up, Arnault’s children received intensive math lessons, reports The Journal.
Arnault also made sure he took his children with him on business trips in addition to negotiating sessions.
The mogul, whose portfolio includes well-known brands resembling Louise Vuitton, Dom Perignon, Sephora, Christian Dior, Stella McCartney, TAG Heuer, Bulgari, Princess Yachts and Tiffany & Co., has appointed his children to senior positions at the corporate.
![Bernard Arnault](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000009896257.jpg?w=1024)
However the patriarch whose net price was based on the Bloomberg Billionaires Index at the extent of 208 billion dollars has shown no signs of slowing down since Wednesday. Nor has he made it clear that he plans to go away anytime soon.
Arnault recently proposed a recent regulation for the corporate that raised the retirement age for the president and CEO to 80.
Previously, company bylaws required the highest executive to step down when he reached the age of 75.
Shareholders are expected to vote on Arnault’s proposal on the annual meeting on Friday.
The tank circulating in French business circles is that 48-year-old Bernardo’s eldest daughter Delphine from his first marriage is the most certainly candidate to succeed her father as chief executive officer.
![Bernard Arnault (C) poses with his wife Helene and children Antoine, Delphine, Alexandre and Frederic at the inauguration of the St. Jean Arnault.](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000003831373.jpg?w=1024)
Delphine, a mother of two young children, was recently elevated to CEO of Christian Dior, the second largest luxury brand in her father’s stable.
Delphine and her 45-year-old brother Antoine, Bernard’s second child from his marriage to ex-wife Anne Dewavrin, are also board members of LVMH.
In line with The Journal, Bernard Arnault relied on Antoine, whose influence can be growing, for public relations advice.
![Delphine Arnault](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000005009156.jpg?w=683)
![Delphine and Antoine, 45, are Bernard Arnault's two children from his marriage to ex-wife Anne Dewavrin.](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000007810054.jpg?w=683)
When French protesters took to the streets last yr in response to rising inflation and wealth inequality, Bernard Arnault feared public anger might be directed at him, his family and his company.
In line with The Journal, the tycoon took Antoine’s advice and launched an promoting campaign that highlighted the extent to which LVMH pays taxes and creates jobs.
![Bernard Arnault is seen together with Alexandre Arnault, a 30-year-old executive vice president of Tiffany & Co.](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000006254461.jpg?w=1024)
French demonstrators created “wanted” posters of Bernard as they angrily denounced French President Emmanuel Macron’s proposal to boost the retirement age.
Protesters even stormed the LVMH headquarters in Paris last week because the Arnault family’s fortunes hit an all-time high.
![From left to right: Alexandre Arnault, Antoine Arnault and Jean Arnault.](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000005762773.jpg?w=1024)
![Frederic Arnault, 28](https://nypost.com/wp-content/uploads/sites/2/2023/04/NYPICHPDPICT000008846634.jpg?w=1024)
Bernard also made sure to deal with his three younger children by enrolling them in top engineering schools.
The youngest, Jean, graduated from Massachusetts Institute of Technology and Imperial College London.
The conglomerate ranks among the many most useful shares in Europe when it comes to market capitalization Wall Street Journal.
This yr alone, Arnault’s fortune has increased by nearly $48 billion during a protracted rally in the corporate’s stock.