Bernard Arnault, 68-year-old chairman and CEO of LVMH, doubled his fortune to 490 billion yuan, entering the top five for the first time. After LMVH acquired Christian Dior, its stock soared, while Bernard Arnault's stake in LVMH rose from 36% to 46%.
Hurun Research Institute today released the "2018 Hurun Global Rich List" (Hurun Global Rich List 2018), a total of 2,694 rich people on the list, an increase of 437 people, a record high. Among them, Ma Huateng officially became the richest man in the world for 295 billion yuan, followed by Xu Jiayin and Li Ka-shing to sixth place. (The top 100 rankings are at the bottom of the article. Unless otherwise stated, the wealth is in RMB)
Among them, the number of billionaires in Greater China has increased by 210, reaching 819, 40% more than in the United States. In mainland China, there are three non-Chinese billionaires who started from scratch, one of which is a Danish clothing predator. BESTSELLER's fashion for Dan Fries, the history of BESTSELLER dates back to the opening of the first fashion store in 1975. In China, the first ONLY store of Qizhi Fashion opened in Xidan in 1996.
It is worth noting that the luxury brand 68-year-old LVMH chairman and CEO Bernard Arnault has doubled its wealth to 490 billion yuan, entering the top five for the first time. After the acquisition of Christian Dior by LMVH, the stock rose sharply, while Bernard Arnault's shares in LVMH also came from 36. % rose to 46%.
Relying on Chinese consumers, the performance of luxury brand LV parent company LVMH last year confirmed the strong rebound of the luxury goods industry. In the 12 months ended December 31 last year, group sales rose 13% year-on-year to 42.6 billion euros, exceeding analysts' expectations of 42.3 billion euros, and fourth-quarter sales rose 11% year-on-year to 12.5 billion euros. Exceeding analysts' expectations of 9%, net profit rose 29% year-on-year to 5.129 billion euros.
During the period, LVMH's core leather goods division sales rose 13% year-on-year to 15.472 billion euros, a significant growth of 21% at constant exchange rates, mainly due to the growth of the main brand LV performance and the group last year 65 Dior fashion business acquired in billions of euros, brands such as Fendi, Loro Piana and Céline also recorded growth, and Marc Jacobs will continue to restructure products and supply chains.
Amancio Ortega, the 81-year-old founder of Zara, fell two places, ranking sixth, although his wealth grew by 6% to $460 billion. His 48-year-old daughter, Sandra, is also on the list. She is ranked 314th with 40 billion yuan. In 2017, Amancio Ortega donated $320 million to anti-cancer equipment.
A year and a half ago, LVMH was at the bottom of its performance, with a market capitalization of around 80 billion euros. It was surpassed by Zara's parent company Inditex Group in January 2016, but now, with the further recovery of the luxury goods industry, LVMH has regained the market value of the fashion industry. The first throne, with a current market value of 125.2 billion euros. In the past year, the market value of LVMH has increased by about 47 billion euros, which means that the company's market value is equivalent to an Hermès group. At present, the Hermes Group has a market value of about 46.6 billion euros.
Amancio Ortega once surpassed Bill Gates as the world's richest man in August last year. Now that Bernard Arnault's wealth has surpassed Amancio Ortega, it also reflects the changes that are taking place in the fashion industry. Some analysts pointed out that with the curtain call of fast fashion godfather Amancio Ortega, Inditex Group will usher in a new turning point.
Although the Spanish fast fashion giant Zara is still sought after by many consumers, the continued low profit margin of its parent company Inditex Group further weakens the confidence of analysts and investors. JP Morgan Chase lowered its target price for the Inditex Group last Friday and expects the group's gross margin to fall further by 5%. Affected by the news, Inditex Group's share price fell 7.06% to 25 euros per share on the day, a record low in the past three years, and the market value per day evaporated by nearly 6 billion euros.
According to the fashion headline data, in the nine months ended October last year, Inditex Group's sales rose nearly 10% year-on-year to 17.96 billion euros, net profit increased 6% year-on-year to 2.34 billion euros, compared with 9 in the same period last year. % has slowed sharply and gross margin has fallen further to 57.4%.
As the performance of the luxury goods industry recovered, in addition to the LV boss, Kaiyun Group's Francois Pinault and its family assets also rose, ranking 28th.
The Kaiyun Group, which holds the ace of Gucci, has once again become a big winner in the global luxury goods industry. In the fourth quarter ended Dec. 31, sales of Kaiyun Group surged 27.4% to 4.26 billion euros, of which the luxury sector increased organically by 30.5% and the sports and lifestyle sectors recorded organic growth of 14%. During the period, under the leadership of creative director Alessandro Michele and brand CEO Marco Bizzari, Gucci continued strong growth, organic sales rose 42.6% year-on-year to 1.82 billion euros, leading the luxury industry for 8 consecutive quarters.
Some analysts pointed out that perhaps Gucci can not replace LV as the first luxury brand in a short time, but the fashion industry is full of variables all the time. Now, Bernard Arnault sneaked into the brand of defeated North in the early years. Gucci has become the most troublesome competitor of LV. Thanks to the strong recovery of Gucci, the share price of the group has increased by 90% since last year, and the market value has broken the historical record, currently about 50 billion euros.