BERNARD ARNAULT - WHO IS THE RICHEST MAN IN THE WORLD

 

 

In your redemptive quest use our A - Z or steer a righteous course HOME toward enlightenment praise the Lord

 

 

 

 

 

You cannot take your money with you, so why not put it to good use

 

 



As the world population explodes, there are proportionally more billionaires on the planet, the product of exploiting manufacturing and selling of products and services. Meaning of course, that there will be proportionally more poor people, who are being exploited. There is though nothing wrong with making money, provided that it is put to good use. Since, money is just a tool to accomplish things. Not a pile of paper notes to be counted for pleasure, or vaults of gold or jewels. Though, the latter would be preferable, since at least is looks better than a stack of pulp, or a digital display, when online banking.

 

It is a sobering thought, that in order to make money, energy is used. Hence, money generates a large carbon footprint, where a responsible attitude to increasing greenhouse gases, would and should be to offset the CO2, as far as is practical.

 

That is why many wealthy people set up charitable foundations. Donating substantial sums to good causes.



2. BERNARD ARNAULT

 

Age: 73
Residence: Paris
CEO and Chair: LVMH (LVMUY)
Net Worth: $138 billion
Christian Dior Ownership Stake: 97.5% ($109 billion total)
Other Assets: Moelis & Company equity ($20.9 billion public asset), Hermès equity (undisclosed stake), and $8.85 billion in cash

French national Bernard Arnault is the chair and CEO of LVMH, the world’s largest luxury goods company. LVMH brands include Louis Vuitton, Hennessey, Marc Jacobs, and Sephora.

Most of Arnault's wealth comes from his massive stake in Christian Dior SE, the holding company that controls 41.2% of LVMH.

His shares in Christian Dior SE, plus an additional 6.2% in LVMH, are held through his family-owned holding company, Groupe Familial Arnault.

An engineer by training, Arnault first showed his business acumen while working for his father’s construction firm, Ferret-Savinel, taking charge of the company in 1971. He converted Ferret-Savinel to a real estate company named Férinel Inc. in 1979.

Arnault remained Férinel's chair for another six years, until he acquired and reorganized luxury goods maker Financière Agache in 1984, eventually selling all its holdings other than Christian Dior and Le Bon Marché.

He was invited to invest in LVMH in 1987 and became the majority shareholder, chair of the board, and CEO of the company two years later.

 

 

THE TOP TEN RICHEST - 2022

 

1. ELON MUSK
2. BERNARD ARNAULT
3. GAUTAM ADANI
4. JEFF BEZOS
5. BILL GATES
6. WARREN BUFFET
7. LARRY ELLISON
8. LARRY PAGE
9. MUKESH AMBANI
10. SERGEY BRIN

 

 

JOHN STORM & THE CURE FOR CANCER

 

In this work of fiction, antagonist, Musket Meloni is fast approaching becoming the world's first trillionaire. He's had a brush with cancer, and is looking for a cure, should it return and spread. When he learns that John Storm has cured Pope Peter Benedict, who had stage IV, advanced cancer, having spread to lymph nodes, other organs and tissues of his body, he was immediately interest in acquiring the asset, in company takeover style.

 

Musket Meloni had stage two cancer. It had grown, but not spread. The treatments seemed to be keeping the disease at bay. But for how long?

 

 

 

REFERENCE

 

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In your redemptive quest use our A - Z or steer a righteous course HOME toward enlightenment praise the Lord

 

 

  AN A TO Z INDEX OF THE WORLD'S RICHEST AND MOST POWERFUL MEN AND WOMEN ON PLANET EARTH

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