To The Moon

For the past 2 years, most investors have staked their bottom dollar on $Tesla Motors(TSLA)$ owner - mr elon musk - World riches man.

The time has come to past. He has been displaced permanently from the pole position.

The newly crowned World Richest magnate is Mr Bernard Arnault, Chairman of $LVMH-Moet Hennessy Louis Vuitton(LVMUY)$ - World largest luxury conglomerate.

This Business empire knows no boundaries. Just to name a few of the group's well diversified businesses :

• Moet & Chandon (spirit)
• Hennessy (spirit)
• Louis Vuitton (fashion)
• Dior (fashion)
• Hublot (watches)
• TAG Heur (watches)
• Bulgari (fine jewelry)
• Tiffany (fine jewelry)
• Rimova (lifestyle)
• Sephora (lifestyle)
• Charles & Keith (fashion) - Yes. They are a partial owner of C&W.

There are 65 more businesses that is not cover here !

If we were to draw similarities between Mr Arnault & mr musk, both have a diverse group of businesses.

Mr musk businesses included SpaceX, Neuralink, The Boring Company and of course the crown jewel - Twitter.

But that's where the similarities end.

Not all of mr musk ventures are money spinning except for Tesla & SpaceX.

What is there not to like about LVMH as a Luxury Business ? 

• Its historical earnings speaks for itself; except for year 2020 when the widespread pandemic resulted in lockdowns and borders closure (see below historical earnings).

LVMH earnings from 2004 to 2021

• Just take a look at its Q3 2022 earnings (see below). 
• Its hitting the roof with an unprecendent +28% YoY growth at 56.5 billion Euros (US$54.9 billion) for the first 9 months of 2022.

Q3 2022 earnings for the first 9 months

• LVMH's ability to adjust prices of its Luxury fashion & goods annually or bi-annually. and for as high as +12% (for selected leather bags) is simply unbelievable.
• Despite the price hikes across all its fashion brands, demand remains as strong as ever !
• Media & Fashion portals never fail to alert fans all over the world in advance and there will be a stampede by fashion fanatics, rushing out to buy their dream-bags before the price hike.

Sample media reports on Vuitton / Dior bags price increases

With impending recession in 2023, LVMH will be affected no ?

• Based on report, it is anticipated that the Luxury sector is expected to see further growth & expansion in 2023; despite economic turbulence.
• This would definitely be music to the ears of shareholders no ?

Some of LVMH group of companies

What else is there to know about LVMH ?

• Mr Arnault is without a doubt a visionarian.
• He was able to grow his company, one by one until where it is today.
• Along the way, he sharp business acumen & great leadership style has served him well in getting the right person for the right job and helped him build his vast empire. 
• This is the quality that divides & differentiates Mr Arnault from mr musk.
• As he turns 73 years old, he is once again in motion and adjusting his succession plan.
• With his 5 children, he has successfully positioned them at strategic companies (see below).

Mr Arnault's children and their roles in the Empire

After all that has been said, are you interested in investing in luxury LVMH ? Share your thoughts in the Comments section ok. Thanks.

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