Bernard Arnault, founder of LVMH, has spent approximately 1.4 billion euros ($1.5 billion) acquiring shares in his luxury conglomerate over an eight-month period, moving his family closer to owning half of the company. The 76-year-old billionaire’s holding companies purchased about 2.5 million LVMH shares between February and September, representing roughly 0.5% of the company’s stock. These acquisitions occurred while LVMH’s share price was declining, with Arnault paying an average of 566 euros ($605) per share — significantly below Friday’s closing price of 612 euros ($654). This sustained buying campaign increases the Arnault family’s stake toward the 50% threshold in a company valued at 302 billion euros ($323 billion). At year-end 2024, Arnault held 49% of LVMH’s capital and nearly 65% of voting rights.