Billionaire heir seen with Blackpink Lisa a power player of business world

By Linh Le   August 23, 2023 | 04:17 am PT
LVMH heir Frédéric Arnault is attracting attention the world over for being seen with Blackpink’s Lisa on many occasions and his business achievements.

Though there has been no specific information on Frédéric’s net worth, it would be hard for the 28-year-old man to not be a power player in the rich’s world, when his family, led by his father Bernard Arnault, have a net worth of $230 billion, according to Forbes.

Frédéric Arnault, 28. Photo from Arnault’s Instagram

Frédéric Arnault, 28. Photo from Arnault’s Instagram

The ultimate ‘nepo baby’ was even appointed CEO of the watchmaker TAG Heuer, a brand under the management of his father's conglomerate LVMH, in 2020 at the tender age of 25. He became the youngest ever chief executive in the luxury watch world with this act, reported the Australian Financial Review.

Arnault has achieved various unprecedented successes since taking the role. He managed to convince actor Ryan Gosling, who had never acted as a brand endorser before, to sign an endorsement deal with TAG Heuer.

The wealthy youngster also formed a partnership with Porsche as a promotional investment for the brand.

And though LVMH did not publicize its individual brand business results, the conglomerate’s watch and jewelry division reported a growth of 11% in sales in Q1 2023 compared to the same period last year.

With his experience working at TAG Heuer’s department of strategy and digital before taking his role as the CEO, he is raising the number of TAG Heuer stores in the U.S. to 50 by 2026 to better reach retail customers and become less reliant on third-party retailers or department stores, according to CNBC.

Occupied with his busy work, Arnault still take his time to enjoy several leisure activities, including watching films, playing sports, and playing the piano, something he inherited from his pianist mother Hélène Mercier.

He also spends quality time with his connections whenever he can, like when he was seen waiting in a California airport VIP lounge with Lisa of the K-pop group Blackpink earlier this month.

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