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Family Fortune

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business2 years ago

Hermès: Europe's Wealthiest Family with a $151 Billion Fortune

Hermès, the iconic luxury brand known for its Kelly and Birkin bags, successfully defended itself against a takeover attempt by Bernard Arnault's LVMH. The Hermès family, determined to preserve their empire, resisted Arnault's advances and prevented their brand from becoming part of LVMH's extensive portfolio of luxury labels. With a family fortune estimated at $151 billion, Hermès remains Europe's largest family fortune.