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French billionaire Bernard Arnault, Chairman and CEO of Louis Vuitton, uses monthly lunches to prepare his children for succession

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Image Credit: business insider

The chairman and CEO of Louis Vuitton (LVMH), and the richest man in the world, Bernard Arnault, reportedly have lunch with his five children once a month in a private dining room at the company's headquarters. According to the reports, the French billionaire reads from his iPad and discusses strategy for his luxury business empire throughout the first half of the 90-minute lunch.