Thursday, April 14, 2011

Number 4: Bernard Arnault


Bernard Arnault (France) - $41 billion, LVMH

Arnault, 62, a friend of French president Nicolas Sarkozy, was educated at the prestigious Ecole Polytechnique and joined his father's construction company at 25. He earned the reputation of a ruthless corporate raider after pushing out shareholder rivals when he started building the LVMH group in the 1990s with the Louis Vuitton, Moet and Hennessy brands.

It is now the world's biggest luxury goods group. His image as a predator stuck to him afterward when he fought in vain to acquire Gucci in 1999 and 2000. Then this week he snapped up Roman jeweler Bulgari for $5.18 billion.

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