This man pays Rs 40 lakh to Mukesh Ambani per month, his net worth is Rs…, he pays money to Ambani due to…
GH News January 05, 2025 08:06 PM
Mukesh Ambani-owned Jio World Plaza in Mumbai is the largest luxury shopping mall in India which hosts some of the world most famous high-end luxury fashion brands who pay a hefty monthly rent for the spaces taken by their brand outlets at the premium mall. Among Mukesh Ambanis many wealthy tenants is a man who is wealthier than the Reliance Chairman.
The person we are talking about is Bernard Arnault the CEO of LVMH Moët Hennessy Louis Vuitton (LVMH) who has a net worth of $161.2 billion as of January 5 2025 according to Forbes Real Time Billionaires List making him more wealthier than Mukesh Ambani who has a net worth of $96.6 billion.
Bernard Arnault and Family own the LVMH Moët Hennessy Louis Vuitton a French fashion conglomerate which has premium luxury brands like Louis Vuitton Tiffany & Co. Dior Givenchy TAG Heuer and Bulgari under its umbrella.
Arnaults LMVH has rented four units at Mukesh Ambani-owned Jio World Plaza for Indias largest showroom of Louis Vuitton the iconic French fashion brand known for its premium handbags luggage and fashion accessories. According to a Reuters report Louis Vuitton occupies a total of four units spanning 7365 square feet for its largest outlet in the country and pays a whopping Rs 40.5 lakh in monthly rent.
Who is Bernard Arnault?
Bernard Jean Étienne Arnault commonly known as Bernard Arnault is a French business magnate and investor who is the founder chairman and CEO of LVMH the worlds largest luxury goods company. According to Forbes Bernard has an estimated net worth of $161.2 billion as of January 5 2025 making him the 5th individual in the world
Arnaults flagship brand Louis Vuitton has opened its largest store in India at Mukesh Ambani-owned Jio World Plaza the countrys largest luxury mall which opened for business on November 1 2023. Louis Vuitton pays a monthly rent of Rs 40.5 lakh ($48600) for its 7365 square foot showroom at Ambanis lavish mall according to reports.