The world's richest billionaire has lunch once a month with his 5 children for 90 minutes

French billionaire Bernard Arnault (74 years old) has a fortune of up to 208 billion USD. As the head of the luxury fashion empire LVMH, one of Bernard's most difficult tasks is to train successors with the capacity and qualities to follow in his footsteps in running the giant corporation.

To do this, every month, Mr. Bernard arranges a lunch with the full presence of his five children from two marriages. These meetings are considered strategic planning meetings for the future careers and lives of the "heirs" in the Arnault family.

The Arnault family has attracted a lot of attention from the international media. Many international news outlets have commented that this is a typical real-life family that viewers often see in popular TV series, revolving around wealthy families and the secret competition between heirs.

Lunches last exactly 90 minutes, and take place once a month...

Currently, all five of Bernard’s children are working in the corporation he founded and manages. They work in different areas and have different positions. Bernard often meets and discusses work issues with his children, both as boss and employee.

To have deeper conversations about career development orientation or life direction, he chooses to talk with his children during a 90-minute lunch held once a month with the presence of all 5 children.

French billionaire Bernard Arnault with his wife and children (Photo: Bloomberg).

An anonymous source close to Mr. Bernard revealed information about this special regular meeting to The Wall Street Journal . The meeting was held in the dining room reserved for senior staff of the group. The highly confidential room is located in the group's headquarters in Paris (France).

The goal of these 90-minute lunches is for Mr. Bernard to clearly orient his children about their upcoming work strategy, as well as how they are performing in their assigned positions.

In recent years, a very interesting question has emerged surrounding the Arnault family. That is which of Bernard Arnault's five children will succeed him. Which child will take over the position of head of the LVMH group.

This question has actually been asked by friends and partners to Mr. Bernard Arnault, but he always has a humorous and clever way of answering to get out of difficult questions. Bernard Arnault is known as the "cashmere-wearing wolf" in the luxury fashion business world.

What makes people attracted to the story of inheritance in the Arnault family is that the 5 children that Mr. Bernard Arnault has from 2 marriages are all elite figures. They are all capable of following in their father's footsteps. All 5 of Mr. Bernard's children are working hard in the fashion empire he built.

The competition of the heirs

The rivalry between the Arnault brothers is fierce. Each son wants to gain the trust of his father, who is also the boss they are trying to serve.

Billionaire Bernard Arnault always makes time for all five children he has from two marriages (Photo: Business Insider).

Earlier this year, Mr. Bernard appointed his only daughter - Ms. Delphine (47 years old) - to the position of CEO in charge of the most important brand in the LVMH group - the Christian Dior brand. This move was surprising because the position of "heir number 1" in the Arnault family had a "strong candidate".

Mr. Bernard's second son - Antoine (45 years old) - is considered a potential heir. Antoine is considered a copy of Mr. Bernard. He has many strengths such as handsome appearance, elegance, open and sociable personality. Antoine has always been his father's right-hand man at work.

Assessing the potential of the heirs in the Arnault family, Mr. Sidney Toledano - CEO specializing in fashion of LVMH group - shared with The Wall Street Journal that there is no certainty about the identity of "heir number 1" in Mr. Bernard's eyes at present.

"Bernard once confided to me that he had set a goal of preparing everything he could so that all his children could succeed him," Sidney Toledano said. "Although there was competition among his children, Bernard never had to worry too much about it.

He taught his children from a young age that the common interests of the corporation and the extended family must be placed above any personal disagreements. Up to this point, I see that Mr. Bernard's children are all expressing themselves very well and are living up to what their father taught them."

The Arnault family, headed by Mr. Bernard, is considered very classy among the upper class in France as well as among the current global super-rich (Photo: Business Insider).

Mr. Bernard is said to always follow his children's every move at work. Mr. Toledano as well as other senior staff in the group also participate in training, guiding and supporting Mr. Bernard's children, so that they can grow up steadily both in work and in life.

Mr. Toledano said that he was often asked by billionaire Bernard about the progress of his children over time. Bernard was especially interested in hearing about each child's personality and always asked if they needed to be reminded to make any adjustments in their personality, no matter how small.

How to choose a wife and raise children of the "cashmere scarf wolf"

The Arnault family is considered very classy in the upper class in France as well as in the current global super-rich. The children of billionaire Bernard Arnault all study seriously and soon start working in the family's fashion group. There is a certain competition among Mr. Arnault's children to receive the trust of their powerful father.

The Arnault family has a long tradition of hard work, with each of Bernard's children joining the family business as adults, working in different areas.

Mr. Bernard with his two eldest children - Delphine and Antoine (Photo: Business Insider).

Bernard's two eldest children - Delphine and Antoine - are holding top positions, managing the most important brands of the LVMH group.

Bernard's three children from his second marriage also work for the group. Alexandre (30 years old) is in charge of communications for the Tiffany brand; Frédéric (28 years old) is in charge of the Tag Heuer brand; Jean (24 years old) is in charge of marketing the Louis Vuitton watch line.

All five children of Mr. Bernard Arnault have grown up well, focused on their careers, participated in the family business early, and have a private life without scandal.

Recognized as a wise businessman who always strives to persevere in his work, Mr. Bernard Arnault pays special attention to raising his children, so that they all have the capacity to continue their father's career.

Mr. Bernard with his three sons from his second marriage (Photo: Business Insider).

In his life, Mr. Bernard Arnault (74 years old) had gone through his first marriage with a French woman named Anne Dewavrin (73 years old). The marriage lasted from 1973 to 1990 and gave birth to two children, Delphine and Antoine. Information about Anne Dewavrin's background, education and personal career has never been known.

Bernard's second wife, Hélène Mercier (63 years old), a Canadian pianist, has been with him since 1991. They have three sons, Alexandre (30 years old), Frédéric (28 years old) and Jean (24 years old).

From Mr. Bernard's two marriages, it is seen that he tends to choose to stick with ordinary partners, they are not famous figures, but women with very private lifestyles.

According to The Wall Street Journal/Business Insider

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