World's Richest Man Bernard Arnault Auditions His Five Children Over Lunches To Run Luxury Empire: Report
Mr Arnault effectively auditions them to see who will take over the luxury empire. Mr Arnault owns about half of the massive luxury brand company. Bernard Arnault, Chairman and CEO of Louis Vuitton (LVMH) and the world's richest man reportedly meets his five children once a month for lunch inside a private dining room at the headquarters of LVMH Moet Hennessy Louis Vuitton SE. According to a report by Wall Street Journal, the lunch lasts for 90 minutes and begins with the French billionaire reading off his iPad the discussion topics. Mr Arnault discusses strategy at his luxury business empire. According to WSJ, Mr Arnault then goes around the table asking his five adult children for advice. The 74-year-old billionaire seeks an opinion on specific managers at the company, the people said, or whether it's time for a shake-up at one of LVMH's myriad brands. Mr Arnault effectively audition...