French businessman Bernard Arnault is the richest person in Europe. He's worth an estimated $80.8 billion, according to Bloomberg.

As the chairman and CEO of LVMH Moet Hennessy Louis Vuitton SE, known as LVMH, the world's largest maker of luxury goods, Arnault is also the richest person in the fashion industry . LVMH sells products that include Louis Vuitton handbags, Dom Perignon Champagne , TAG Heuer watches , and Rimowa luxury suitcases .

Arnault is the fourth-richest person in the world after Jeff Bezos , Bill Gates , and Warren Buffett .

Read more: Meet the Wertheimers, the secretive French brothers worth $42 billion who control Chanel, own vineyards in France and Napa Valley, and breed racehorses

Now, four of Arnault's five children are part of the LVMH empire. His daughter, Delphine, is the executive vice president at Louis Vuitton and apparent heiress to LVMH.

Arnault, who lives in Paris and has a vacation home on the French Riviera, attended one of the most prestigious engineering schools in France and was named CEO of luxury goods holding company , Financiere Agache, in 1984, according to Bloomberg.

Here's a look at Arnault's career, life, and family.

See the rest of the story at Business Insider

See Also:

SEE ALSO: Meet the Ambanis, the richest family in Asia, who live in a $1 billion skyscraper and mingle with royals, politicians, and Bollywood stars

DON'T MISS: A day in the life of a Deutsche Bank managing director, who wakes up at 5:00 a.m., spends 10 days of the month traveling, and works out twice a day even while on business trips