The world's richest person just made his daughter the CEO of Dior | Business Insider

the family uses to control LVMH; Alexandre is an executive vice president at Tiffany & Co; Frédéric is the CEO of Tag Heuer; and Jean is the director of watches development and marketing at Louis Vuitton.

"Under her leadership, the desirability of Louis Vuitton products advanced significantly, enabling the brand to regularly set new sales records. Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior," he added.in the first nine months of 2022 and doesn't separate financial information by brand.

Shares in the Paris-listed group were trading 1.6% higher on Wednesday, valuing the company at 386 billion euros . Thomas Chauvet, analyst with Citi, told Reuters: "Succession planning in strategic roles has been instrumental to the success of LVMH's key brands over the past 20 years, hence today's moves are significant."

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