Bernard Arnault, the richest man in the world, is the head of the LVMH empire – a $500 billion luxury powerhouse home to dozens of iconic brands like Louis Vuitton, Tiffany, Dom Pérignon, and Sephora. Like Logan Roy in the HBO series "Succession," he's looking to one of his children to take the reins. CNN's Melisa Bell reports. #CNN #News
00:00 – Introduction of Bernard Arnault and the LVMH empire
01:10 – Bernard Arnault talks about controlling his group with his family and preparing his succession
02:09 – Background of LVMH and Bernard Arnault’s business tactics
03:39 – Bernard Arnault’s succession story without family drama
03:56 – Impactful point: Bernard Arnault may have successfully groomed his children for succession without animosity
04:18 – Conclusion
A story of nothing to fill time
Here is someone with absolutely nothing to do in life or just a bot. I’m gonna write a I’m just a bot’ song I think
It just must be crazy to compete with your siblings at such a level. The rivalry between siblings naturally exists in most households but here the stakes are so high.
The local butcher bet me I couldn’t get the meat off the top shelf in his shop. I said I’m not a gambling man and in any event, ‘the steaks are too high’ 😂😂😂
DONALD IS NOT A TRAMP…
NO DONALD, AMERICA IS SO DAMP.
It seems this guy’s children are not in competition with each other because their father seems like treated each one fairly and equally
@Paul Astle Should have used a ladder.
I said to my son, “trust me, you have no trust fund”.
😂😂😂So bad
I can so relate to this 😂
Let’s hope that they understand, when much is given to you, much is expected from you. You give back to this world what was given to you. All that money and power will not even buy you a cup of coffee on the other side. Peace.
Except Arnault is the *French luxury brand* version… a bit different with the cultural nuisances. A fictional series based on them would be fun
“Ruthless acquisition”
Whoever becomes head the others have a place at the table , dad instilled a work attitude to his kids , my advice to them , don’t blow it or everything goes to the dog
The concept of French royalty simply transferred from governance to corporate stewardship… neat
the fact that the world’s richest man now is one who owns a corporation that caters exclusively to the rich, rather than the owner of a major industrial corporation and a lot of intellectual property (like bill gates), is a shocking indicator of the rapid global growth of wealth inequality – more and more of the world’s money is owned by the richest people.
@M that’snot how money works, it’s how capitalism works. it could easily be corrected with more progressive taxation, which is what countries used to have decades ago when the wealth inequality was far smaller.
Watch what happens when they play with AI…
I’m sure they are well adjusted humans, not prone to sociopathy and narcissism at all. We know this is the way to run societies by how well the monarchies did for humanity
Unlike Trump’s parents….this guy raised his children wisely and lovingly. He treated his children it seems …fairly and equally. Giving the each positions.
The fact he raised his children to work hard and not just give them money shows his ethics and principles of training a person to have a wealthy mindset unlike other children of rich men who slack off becuase daddy has money. Even if only one inherits the empire will not impoverish the others because they are well trained to be business minded and clearly they understand his reasons. He did not become rich be being soft.
Decisions, decisions, decisions! Life can be very difficult!
I hope his family can continue to be close. As tor taking over the business and the money…none of my business. I doubt any of them will starve though.
Oh please, all of BLUE (around the nation, etc) is wondering how and when to give their businesses to their children and I think it’s pathetic or a blessing– I think we’ll find out soon enough.
Imagine building an entire empire around selling people things they don’t actually need.
Well, isn’t that what most businesses are about?
In our country family constitution is the preferred option if siblings decide to hold the business empire together after the patriarchs retirement. But most of the time children part ways to do business separately, while keeping the holding company for tax purposes.