Lvmh owner

Lvmh full form

However, thanks to double voting rights, they hold The notable owner is also managing director Antonio Belloni with 0. No other shareholders have a sizable stake in the company, and the rest of the ownership is dispersed. Nobody else has a sizable voting power in the company. As you can see, the size of voting power is not equal to ownership.

Louis vuitton owner

The reason why certain shareholders, especially the Arnault family, have outsized voting power compared to their ownership stake is the French law that awards an extra vote per share for long-term shareholders. They own just The table below shows the total number of votes for each large shareholder. However, keep in mind that a stake in LVMH could be just one part of their portfolio, and their total worth could be bigger, thanks to other investments.

It could also be lower if they have debts. His vast wealth places him among the wealthiest person on earth. It is worth noting that although he controls the empire he built, his five children also hold stakes within it, and are expected to inherit it. He also invested in various other companies outside LVMH, such as a diverse range of web companies, including Netflix, back in Antonio Belloni owned 0.

He joined LVMH in It is now recognized as the global leader in luxury products.