Foreign media reports that Lisa spent her vacation with the Arnaults at Miami Beach, Florida, the U.S., raising speculations that Lisa may get married into the LVMH family. If this happens, Lisa will have the world’s richest person as her father-in-law.
In fact, according to Forbes, Chairman Arnault and his family net worth as of the 26th of last month was $207.8 billion, exceeding Tesla CEO Elon Musk’s $204.5 billion. This was after Tesla’s stock price plunged 13% the previous day due to deteriorating earnings, reducing Musk’s net assets by $18 billion, while LVMH’s stock price soared the next day on strong earnings, increasing Arnault’s net assets by $23.6 billion. Until now, CEO Musk and Chairman Arnault have been fighting for the world’s richest position.
According to the U.S. capital market analysis firm Company Market Cap, LVMH is the largest company in the French stock market and the 19th highest market capitalization (about $422.7 billion) in the world. It is 1.13 times larger than Samsung Electronics, which is ranked 22nd (about $375.5 billion).
Chairman Arnault’s all five children work for LVMH. He recently added two sons to the LVMH board. Frederick Arnault, who is rumored to be dating Lisa, recently became the head of LVMH’s watch division. Frederick had worked as CEO of Tag Heuer brand since 2020. Last year, he was rumored to be dating Lisa after they were seen together several times in the U.S. or France.
Source: Herald Economics
