Jean, the youngest son of LVMH chief Bernard Arnault, has been fascinated by the opportunity in rare-materials watches for a while. Louis Vuitton’s watchmaking arm is about to make fewer, make finer and sell for more.
The richest family in the world has a net worth which is more than twice of the entire family of Mukesh Ambani and Gautam Adani, and runs a Rs 50 lakh crore business.
French billionaire Bernard Arnault, currently ranked as the second-wealthiest individual globally, is facing an investigation related to suspected money laundering associated with his business connections to Russian oligarch Nikolai Sarkisov.