#7 Top 20 Billionaires in the World

Bernard Arnault

Net Worth: $27.5 billion

Source: Luxury goods

Residence: France

• Bling is back, helping fashion icon grab title of richest European as shares of his luxury goods outfit LVMH--maker of Louis Vuitton, Moet & Chandon--surge 57%.

• LVMH is developing upscale Shanghai commercial property, L'Avenue Shanghai, with Macau billionaire Stanley Ho.

• Renaissance man owns French tour operator Go Voyages, yacht builder Royal Van Lent; has a stake in French retailer Carrefour.

• Built Le Cheval Blanc in ski resort town of Courchevel, France, where he likes to spend New Year's Eve.

• Father, Jean, who died in January, made small fortune in construction; sale of that business later helped fund Arnault's move into real estate and eventually into luxury goods.

• Still a family affair: son Antoine, 32, and daughter Delphine, 34, sit on LVMH's board.

• Wife is a concert pianist; Arnault himself reported to be an excellent piano player.

Source: http://finance.yahoo.com/career-work/article/109029/worlds-billionaires-2010

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