The world’s richest man, Bernard Arnault, could pit his five children against each other to choose the next CEO of the LVMH dynasty, the luxury conglomerate that includes Louis Vuitton, Christian Dior, Sephora, Fendi and Tiffany & Co. other.

In the style of Succession, the HBO series that tells the fictional story of the rich and insidious Roy family fighting for power from a media dynasty, Bernard Arnault gathered his heirs and asked their advice on what he should do with the multimillion-dollar business.

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These meetings, which are held periodically, are key to helping Arnault, 74, decide who, between Delphine, 48, Antoine, 45, Alexandre, 30, Frédéric, 28, and Jean, 25, will replace him at the head of LVMH . On one occasion, when a friend of the billionaire asked which of his children would inherit his position, he cryptically replied, “Well, I have five.”

Just like in the drama series, the tactic Arnault uses to determine who will replace him has emerged: Each month, Arnault begins lunch by reading the discussion topics from his iPad before going around the table and asking each of his colleagues for advice. children. This was reported by the Wall Street Journal according to information from people close to the entrepreneur.

Bernard Arnault

Arnault asks for their opinion on the company’s managers and what they would do with the company and whether any of its prestige brands should change management or focus.

From a young age, the businessman prepares them for the moment when he decides to leave the role of director of the mythical company, takes them to business meetings and teaches them strategies.

As in Succession, all of Arnault’s sons work in some area of ​​LVMH, but they all want their father’s job. It is not yet clear who will take the job, as Arnault says the decision will be based on merit. (AND)