Bridger PenningtonFund Launch & Investment Expert

Meet the Man Who Dethroned Elon Musk

27 Jan 2023 · 1 min

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This content was created by Bridger Pennington. This content was uploaded by Bridger Pennington. This is a YouTube video titled "Meet the Man Who Dethroned Elon Musk" (uploaded 2023-01-27). The excerpt is a single-speaker monologue (labeled SPEAKER A) describing Bernard Arnault overtaking Elon Musk as the world’s richest person, listing LVMH-owned luxury brands (e.g., Louis Vuitton, Dior, Hennessy, Patek Philippe, Bulgari) and explaining how LVMH’s mergers and acquisitions strategy contributed to Arnault’s wealth.

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So in my previous video, we talked about Elon Musk being dethroned as the world's richest person. He actually got dethroned by Bernard Arnault, which I know my French is very good. They own brands like Louis Vuitton, Dior, TAG Heuer, Cloudy Bay, Hennessy, Krug, Patek Philippe, TAG Heuer, Hublot, Fred, Bulgari, DFS. I mean, the list goes on and on. This guy owns so many brands. Now obviously, he didn't start all these brands. Their parent company, LVMH, has done a lot of M&A or mergers and acquisitions over the years. They use the same concepts that we teach with funds to go out and acquire brands under one roof. And boom, bada-bing, this is how Bernard has become the richest person on earth.