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LVMH Chief Bernard Arnault Is France's Richest Man

Bernard Arnault, the founder, chairman, and CEO of LVMH, the luxury goods conglomerate which includes Louis Vuitton, Dior, Fendi, Dom Pérignon, Hublot and more, has been named France's richest man in a new ranking by business magazine Challenges, following a 55% increase in his net worth.

Arnault's fortune is estimated at $28.6 billion, exclusive of personal property holdings including works of art, cars, boats and planes. Arnault bested last year's winner, Auchan supermarket owner Gérard Mulliez, for the top spot, while Liliane Bettencourt, the L'Oreal heiress and one of the world's richest women, came in third and enjoyed a 40% rise in net worth in the past year to $18 billion.
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