Inside Bernard Arnault’s $1.2B Succession Strategy: How the 5 LVMH Heirs Are Divided

Bernard Arnault, the 77-year-old chairman and CEO of luxury conglomerate LVMH, has solidified the governance bylaws of Financière Agache, the family holding entity controlling 48% of LVMH's equity and 64% of voting rights.

Equal Division Among the Five Children

The restructuring mandates that all five Arnault children—Delphine (CEO of Christian Dior), Antoine (Head of Image & Environment), Alexandre (EVP at Tiffany & Co.), Frédéric (CEO of LVMH Watches), and Jean (Director of Watches at Louis Vuitton)—hold equal 20% voting stakes in Agache Commandité SAS.

Crucially, no heir may divest or pledge their shares for a period of thirty years without unanimous consent from all five siblings, effectively safeguarding the $350 billion luxury empire against outside corporate takeovers or internal family disputes.