Axel Dumas | Son of Olivier Dumas – Hermès

Net worth: over $30 billion

Known as the CEO of luxury brand Hermès, Axel Dumas was born on July 3, 1970. He graduated from Paris-Sorbonne University with a degree in philosophy and a master of laws from Sciences Po. He also attended Harvard Business School for an executive program. Alex became an investment banker for the French banking company Paribas from 1995 to 2003. He then worked for Hermès in 2003 as an auditor. He eventually gained high-level positions within the company, becoming CEO after his uncle passed away in 2014. Under his tenure, the brand recorded its massive profits, with at least $3.9 billion in sales.

He is married to Elisabeth Franck, a journalist for the French newspaper Libération. He is related to Hermès’s founder, Thierry, and is a nephew to the former CEO, Jean-Louis. He is also cousins with Hermès’s artistic director, Pierre-Alexis, known for helping him bringing record profits to the family brand. Combining the net worth of all family members, the Hermès-Dumas family is worth above $30 billion and has a 70% stake in the company.