2023-09-23 18:26:35
It is one of the children of the wealthy Bernard Arnault who is to take over at LVMH. However, two of them are big fans of digital technologies. If one of the two is chosen, a strong signal would be sent to the crypto and AI market…
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The rankings of the richest men most often place the Frenchman Bernard Arnault in second position among the world’s fortunes with a jackpot of 211 billion dollars. It is true that the boss of LVMH supervises no less than 75 prestigious brands: Louis Vuitton, Dior, Dom Pérignon, Moët Hennessy…
When you hold such power, the smallest decision can impact an entire market. However, the founder of LVMH is 73 years old and the time to designate a heir apparent might therefore come – even if the person concerned has only set his 80th birthday as his ultimate deadline.
Two techies out of five children
It turns out that Bernard Arnault has five children and the matter is settled, it is one of them who will succeed him. Only here: in the lot, there are two ardent technophiles. If one of the two were to take up the torch, this simple decision might in itself give a boost to NFTs, and also to Bitcoin and other cryptocurrencies which have been struggling for many months. And the artificial intelligence market would receive an equally strong signal.
Who are the crypto billionaires?
The fifth Element
Yes… Two of Bernard Arnault’s sons are into technology:
Alexandre (31 years old) is vice-president at Tiffany; Frédéric (28 years old) manages TAG Heuer.
However, both have continued to encourage the father to invest in blockchains and in NFTs. These technologies have even been introduced at Louis Vuitton, Tiffany, TAG and Dior. What’s more, Alexandre and Frédéric are fans of artificial intelligence.
If one of these two brothers ascends the throne, or if he is officially designated as future successor, given the monumental size of LVMH, a particularly strong signal would be sent to the cryptocurrency market, which might, in turn, alone generate a strong rise in Bitcoin and Ethereum.
If, on the other hand, Jean (24 years old), Antoine (46 years old) or Delphine (48 years old) take power, an opposite signal would be sent. What is the stock market regarding, some will comment…
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