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Bernard Arnault is a French business magnate who has made a massive impact on the global business world. As the chairman and CEO of LVMH, he has built an empire of over 70 luxury brands, spanning fashion, beauty, jewelry, and more. Arnault has been a constant fixture at the top of the Forbes billionaire list for years. But now, in a stunning turn of events, he has overtaken Elon Musk as the wealthiest man on the planet.
In this article, we will explore the luxurious lifestyle of Bernard Arnault and how he has outshone even the brightest stars in the business world, including Elon Musk.
Bernard Arnault Profile
- Age: 73
- Source of Wealth: LVMH
- Living Country: Paris, France
- Citizenship: France
- Marital Status: Married
- Children: Five
- Education: Bachelor of Arts or Science
Bernard Arnault Age
The French businessman Arnault is 73 years old. He was born in Roubaix, France, on March 5, 1949. Despite his old age, the man is still an icon of success, which is a testament to the idea that age is just a number.
The Bernard Arnault Family
Arnault and family are full of success. His father, Jean Léon Arnault, is a successful personality. He completed graduation and earned success in the form of Ferret-Savinel, a civil engineering company. His mother, Marie-Josèphe Savinel, had no active career, but she did her house-making job greatly, and Arnault’s success is the proof.
Jean Étienne Arnault and Anne Dewavrin married in 1973. Together, they had two children. Unfortunately, due to personal issues, they both got separated in 1990. After just a year of Bernard Arnault wife divorce, he got married to Hélène Mercier. They both were blessed with three kids. All of Bernard Arnault’s offspring are working in brands owned by him.
Bernard Arnault Career
Jean Etienne Arnault completed his graduation at Ecole Polytechnique in Paris. He got a degree in engineering and started his professional life by working in his father’s company, Ferret-Savinel. After contributing much to this company, Bernard Arnault and family traveled to America. In 1984, he started his luxury goods journey by buying a bankrupt French textile group called Boussac Saint-Frères, which Christian Dior previously owned.
A few years later, he sold most of it and purchased a majority stake in LVMH, a new company formed by merging Louis Vuitton and Moët Hennessy. He aimed to make money from these shares. In 1989, he became the biggest shareholder and has been the chairman and CEO of LVMH ever since.
Bernard Arnault Companies
The family of Bernard Arnault is in charge of LVMH, the world’s biggest luxury goods company. His family has 47.5 percent ownership in Louis Vuitton Moët Hennessy, which owns over 70 brands. LVMH is headquartered in France and has over 60 subsidiaries globally, including Christian Dior, Fendi, and Sephora.
Bernard Arnault company sells wine, champagne, spirits, fashion and leather goods, watches, jewelry, perfumes, and cosmetics. You can find their 6000 retail stores all over the world.
Bernard Arnault Kanye West Controversy
Kanye West’s feud with Bernard Arnault, the CEO of LVMH and one of the richest people on the planet, has taken a dark turn. The rapper made a bold and baseless accusation that Arnault was responsible for the death of his close friend, the late Virgil Abloh. Abloh, the director of Louis Vuitton menswear and founder of Off-White, passed away from uncommon cancer in 2021. West’s claim fuels the fire of his already contentious relationship with the billionaire fashion magnate.
Bernard Arnault Religion
Arnault comes from a Christian background family. As a Catholic, Bernard likely adheres to the teachings and practices of the Roman Catholic church. The church has a rich history and tradition dating back thousands of years.
Bernard Arnault House
Arnault’s prosperous company led him to acquire an extravagant Parisian mansion, which took him over a decade to build. The property boasts extensive gardens and a sprawling Olympic-sized pool, complete with a submarine at one end. The worth of Bernard Arnault home is over $200 million.
Bernard Arnault Art Collection
Arnault owes a considerable part of his net worth to his exceptional assortment of artwork, which includes masterpieces from renowned artists like Picasso, Henry Moore, Andy Warhol, and Yves Klein.
In 2013, he initiated LVMH’s global competition for students from fine arts schools, offering the victor over $340,000 in funding and a year of guidance to assist them in launching their own brand. Previously, Bernard held ownership of Phillips de Pury & Company, an art auction enterprise.
Bernard Arnault Yacht
Arnault’s eco-friendly yacht, Symphony, is the second of its kind and was once the biggest Feadship yacht upon delivery in 2015. Tim Heywood Design skillfully crafted the yacht’s exterior, while Zuretti Interior Design was responsible for its interior. Anchored at îles Camas, the yacht is an impressive masterpiece worth 130 million Euros.
Bernard Arnault World’s Richest Man
Arnault, the successful French business magnate and art collector, has claimed the top spot on Forbes’ list of the world’s richest individuals. Arnault’s financial success is attributed to his extensive business ventures and wise investments.
Bernard Arnault Net Worth 2023
According to recent real-time updates, Bernard Arnault net worth for 2023 is estimated to be a remarkable $220.4 billion. As a renowned and successful entrepreneur, Arnault has significantly impacted the business world, evidenced by his numerous business ventures and wise investments. His impressive financial portfolio and net worth have earned him a respected position in the global economy.
Undeniably, Arnault has attained remarkable feats, apparent through the significant increase in his net worth over the past years.
Frequently Asked Questions – (FAQs)
Is Arnault son works in LVMH?
Yes, Bernard’s all offspring are well-settled in his luxury goods company.
What are the strategies used by Arnault in his business?
The French businessman’s main strategies to establish LVMH are acquiring transformational and visionary leadership and manufacturing unique products.
What is the qualification of Bernard?
He is a qualified engineer with a degree in this field.
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