Louis Vuitton is a luxury fashion house and company that has its headquarters in France. It was founded in 1854 by Louis Vuitton. The company deals in many products, including shoes, watches, jewelry, accessories, sunglasses, books, luxury bags, and leather products. The company’s product range is remarkable, and it is these products’ enormous sale that is the result of the huge Louis Vuitton net worth. There is no doubt that Louis Vuitton is one of the world’s largest fashion brands.
It is so broad that the brand does not even need to advertise its products. You can find Louis Vuitton’s products through standalone boutiques, “high” departmental stores, and through the internet. One of the biggest companies in the world has 460 stores worldwide, and its business is widespread in 50 countries. Louis Vuitton is the name behind the success of this brand. He came into the industry and changed it for good.
Louis Vuitton Net Worth
If you are standing, please sit down as you will go into a state of shock after reading Louis Vuitton net worth. The shocking net worth of the brand Louis Vuitton is $309.92 billion. Its net worth is calculated by the market capitalization or its current stock price multiplied by the present shares of the company. The company is rather old as it was founded in 1854. However, the progress it has seen over the years is remarkable.
The luxury fashion brand is the first choice for top celebrities. Common people aim to buy this product one day; This is the level at which the company stands. The brand was regarded as the world’s most valuable luxury brand for six consecutive years, from 2006 to 2012. Louis Vuitton’s net worth in 2012 was $25.9 billion, which reached $28.4 billion in 2013. In that same year, the company generated a revenue of US$9.4 billion. Louis started with just a selling price of $10,567 when the company was founded.
What is Louis Vuitton?
Louis Vuitton founded the label on Rue Neuve des Capucines in Paris. He did market research and found that the trunks by HJ Cave Osilite can be easily stacked. Thus, he made trunks that were flat from the top with Trianon canvas. The trunks by Louis Vuitton became consumers’ favorite as they were lightweight and airtight. He gave the solution to the people’s long-unsolved problems – traveling with round-head trunks. Louis Vuitton’s trunks were best for voyages as they could be fitted on top of another. It was just the start of the long journey that the brand took.
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From the year 1945 to 2000, they started putting leather in almost all of their products. Their product range included small purses to large luggage. The company joined with America’s Cup to form the Louis Vuitton Cup. Today, Louis Vuitton is divided into many divisions that contribute to Louis Vuitton net worth. The company saw the maximum growth from the year 2001 to 2011. The company acquired many other brands over the years, and on 15 January 2020, they acquired the second-largest rough diamond ever, Sewelo diamond. They purchased the rights from Lucara Diamond, who mined it in their mines located in Botswana.