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Barchart
Barchart
With regular price hikes and a boom in luxury spending since 2020, Louis Vuitton’s blistering growth propelled the brand’s parent company to a $438 billion market valuation, turning founder and CEO Bernard Arnault into the world’s richest man. His estimated net worth is now $212 billion., making him even richer than Elon Musk. Louis Vuitton is LVMH’s biggest brand, including Tiffany & Co., Dom Pérignon Champagne, and Christian Dior. It hit $20 billion in sales in 2022, four years after it became the luxury industry’s first brand to hit $10 billion. A decade ago, Louis Vuitton stores sold mostl…
