Update:
World's Billionaires 2011: A Record Year In Numbers, Money And Impact
World's Billionaires 2011-- Forbes.com
Destin's newest retail shopkeeper Bernard Arnault will open his new store "Sephora" next week in the Destin Commons. What a year it was for Bernard earning $13.5 Billion and becoming the 4th richest person in the World. With your support Destin, he could easily become number one.
Wednesday, March 9, 2011 Forbes.com
No. 4 Bernard Arnault
Net Worth: $41 billion
Source: LVMH
Citizenship: France
The Lord of Luxe easily retains title of richest European. Fortune surged by $13.5 billion as shares of his luxury goods outfit, LVMH, rose by more than half over the past year thanks to strong demand for luxuries like Dom Perignon champagne, Cognac Hennessy, Tag Heuer watches and Louis Vuitton accessories, particularly in Asian markets like Shanghai and Ho Chi Minh City. The group acquired 20% of Hermes last year; Arnault insists he is a friendly shareholder but Hermes sees it as hostile. In March the Bulgari family transferred its majority holding in its brand to LVMH in exchange for LVMH shares and board seats. LVMH fired Christian Dior designer John Galliano after he apparently made anti-Semitic remarks. Renaissance man also owns yacht builder Royal Van Lent, a hotel in Courchevel; has stakes in French retailer Carrefour and French tour operator Go Voyages.
worlds-billionaires-2011: Personal Finance News from Yahoo! Finance