India, March 14 -- Bernard Arnault, the 76-year-old billionaire founder of LVMH, has said that he could head for nearly another decade the French multinational holding company and conglomerate that specialises in luxury goods.

This is after LVMH said in a filing that it will be seeking to raise the age limit for the CEO and Chairman to 85 from the current 80, according to a Bloomberg report.

As of now, Arnault who had led the company since 1989, is the world's fourth-richest person with a net worth of $176 billion, according to the Bloomberg Billionaires Index which also points out that he is Europe's richest.

This is not the first time such a proposal to raise the age limit has come. The age limit was raised last in 2022.

This announ...