About Bernard Arnault
Bernard Arnault, one of the world’s most influential tastemakers, owns a 70-brand empire that includes Louis Vuitton and Sephora.
Moreover, LVMH concluded a $15.8 billion transaction for American jeweler Tiffany & Co in January 2021, which is thought to be the largest luxury brand acquisition ever.
In 2019, LVMH paid $3.2 billion for Belmond, a premium hospitality company that owns or operates 46 hotels, trains, and river cruises.
Then, Arnault began his career by putting up $15 million from his father’s construction firm to purchase Christian Dior in 1985.
Net Worth of Bernard Arnault
Bernard Jean Étienne Arnault, a French businessman, investor, and art collector, was born on March 5, 1949. However, According to Forbes, Arnault is the third richest person in the world and the richest person from Europe as of January 3, 2022, with an estimated net worth of US $202.1 billion.
Early Life of Bernard Arnault
Mr. Arnault was born on March 5, 1949, in Roubaix, France, to an industrial family. He was an attendee of the Roubaix lycee and Faidherbelycee in Lille. Arnault subsequently moved on to the Ecole Polytechnique to further his education.
He began his professional career as an engineer with the Ferret-Savinel construction business that year and progressed through senior management ranks before becoming Chairman in 1978.
Mr. Arnault worked with the firm till 1984, and then he reorganized the holding company named FinanciereAgache. He brought the firm back to profitability while embarking on a plan to become the world’s premier luxury goods company. He re-energized Christian Dior as the new organization’s cornerstone in the process.
Mr. Arnault acquired a controlling stake in LVMH Mot Hennessy – Louis Vuitton in 1989, forming the world’s largest luxury goods company. Since that time, Mr. Arnault has served as Chairman and CEO.
Mr. Arnault is also the Chairman of the Board of Directors of Groupe Arnault S.E. (his family holding company).
Bernard Arnault’s Personal Life
Mr. Arnaultmarried Anne Dewavrin in 1973, and they had two children named Delphine and Antoine. They separated in 1990. He again married Canadian concert pianist Hélène Mercier in 1991, and they had three children with her named – Alexandre, Frédéric, and Jean.
Moreover, Hélène Mercier and Bernard Arnaultare currently living in Paris. A French businessman named Xavier Niel was a very rich businessman working in the technology and telecommunications industry.
He surpassed Zara’s Amancio Ortega to become the richest person in fashion in April 1999. With a net worth of 103 billion dollars, Arnault became the world’s second-richest man in July 2019. In December 2019, Arnault momentarily eclipsed Jeff Bezos to become the world’s richest person, and he did it again in January 2020. During the COVID-19 epidemic, Arnault’s fortune shrank by $30 billion as luxury goods sales fell. On August 5, 2021, he reclaimed the title of the world’s wealthiest man, with a net worth of $198.4 billion. This occurred when LVMH’s luxury goods sales soared in China and other Asian markets.