The billionaire Arnault family has shaken the Paris luxury real estate market out of its slump, spending nearly €200 million on three properties, representing the biggest deals closed since last year.
According to the Financial Times (FT) , the family, led by Bernard Arnault, CEO and largest shareholder of LVMH, has acquired two properties in the seventh arrondissement of Paris, a prestigious and iconic district of the city, famous for housing the Eiffel Tower , the Musée d'Orsay, and the Musée Rodin.
One of the acquisitions was a semi-detached house, purchased for €58 million in December 2024. The other, a 17th-century mansion, cost €97.5 million in March 2025.
The third property is a triplex located in the upscale 16th Arrondissement, home to the tennis complex that hosts the prestigious Roland Garros tournament.
The family paid €44 million for the property, according to the Financial Times . The properties add to a portfolio of more than ten houses and apartments.
The transactions are taking place at a time when the Paris luxury real estate market is showing signs of gradual recovery, following the impact of rising interest rates, which reduced sales between 2023 and 2024.
Another highlight was the acquisition by American musician Pharrell Williams , who is also the creative director of Louis Vuitton , and who bought a property in the French capital for €62.5 million.
However, a more intense recovery is hampered by political uncertainty and the possibility of a tax on the super-rich, which discourages potential buyers. Recently, the French Congress considered a proposal to tax fortunes above €100 million at 2%, but the measure was rejected.
The Arnault family's acquisitions were made during a period when LVMH was seeking to recover from the slowdown in the luxury market since 2022, with sales declining.
The conglomerate is one of the few that has managed to cope with the situation, although it briefly lost its status as the world's largest luxury company to Hermès in April.
Currently, LVMH is valued at US$370.5 billion, with its shares down 0.35% this year. Hermès is worth US$259.6 billion and its shares are down 8.7%.
In the third quarter of 2025, LVMH recorded a 1% increase in total revenue, reaching €18.3 billion. This was the first growth of the year, following months of decline.
Through Bernard Arnault, the family owns 48% of LVMH, resulting in a net worth of US$205 billion, according to a Bloomberg index.
