Forbes has come out with its 2018 billionaires list and watch business owners are riding high.
Clocking in at number 4 on the 2,208 strong list of global billionaires is Bernard Arnault & Family.
Behind only the creator of Amazon, the creator of Microsoft and a legendary investor, Mr Arnault at number 4 on the overall list is the richest man in luxury goods.
Mr Arnault (pictured top) is the Chairman and CEO of LVMH and his net worth is estimated at $76 billion. Mr Arnault oversees 70 brands that include watch brands Dior, Hublot, Louis Vuitton, Tag Heuer, and Zenith.
Running down the list to number 30, Francois Pinault & Family boast a net worth of $28.4 billion. Mr Pinault is the founder of Kering French Luxury Group, a company with controlling stake in Gucci Group, Ulysse Nardin and Girard-Perregaux.
Just shy of making the top 10% of the list is the man and family behind Richemont Group. Coming in at number 228 and having a worth of $7 billion, Richemont Group chairman Johann Rupert oversees watch brands Cartier, Montblanc, IWC, Jaeger-LeCoultre, A. Lange & Sohne, Roger Dubuis, Piaget, Panerai, Vacheron Constantin, Baume & Mercier, Van Cleef & Arpels and more.
Also worth a mention are the eponymous Ralph Lauren, Giorgio Armani and Nicola Bulgari, all having a wallet well over a billion strong.
