This man pays Rs 40 lakh to Mukesh Ambani per month, his net worth is Rs…, he pays money to Ambani due to…

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Bernard Arnault-led LMVH has rented four units at Mukesh Ambani-owned Jio World Plaza for India’s largest showroom of Louis Vuitton, the iconic French fashion brand known for its premium handbags, luggage, and fashion accessories.

Mukesh Ambani (File)

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 Ambani’s 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.

Arnault’s LMVH has rented four units at Mukesh Ambani-owned Jio World Plaza for India’s 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 7,365 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 world’s 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,

Arnault’s flagship brand, Louis Vuitton, has opened its largest store in India at Mukesh Ambani-owned Jio World Plaza, the country’s largest luxury mall which opened for business on November 1, 2023. Louis Vuitton pays a monthly rent of Rs 40.5 lakh ($48,600) for its 7,365 square foot showroom at Ambani’s lavish mall, according to reports.

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