|Followers On Social Media|
Name: Bernard Arnault
Profession: Businessman, Media Proprietor, Art Collector
|Full Name:||Bernard Jean Étienne Arnault|
|Profession:||Businessman, Media Proprietor, Art Collector|
|Birthday:||March 5, 1949|
1990 (Anne Dewavrin)
|Marriage Date:||-1990(Anne Dewavrin)
Table of Contents
Who is Bernard Arnoult? about richest person in the world
Bernard Arnoult was born on 5 March 1949. He is a very famous, prosperous, well-talented, educated investor, businessman, and art collector. He owns LVMH Moet Hennessy-Louis Vuitton SE. He is the CEO, chairman, and chief executive of it. It is the World’s largest luxury goods company. Arnault is the wealthiest person in the world as of May 25, 2021.
In April 2018, he became the richest person in fashion, toppling Zara’s Amancio Ortega. He overtook Jeff Bezos to become World’s Wealthiest Person. Eight years later he changed the company’s name to Férinel Inc. and shifted its focus to real estate.
With $15 million of his own money, Arnault, together with Antoine Bernheim, a managing partner of the French bank Lazard Frères and Co., raised the $80 million necessary to purchase Boussac Saint-Frères, a bankrupt textile company that owned the fashion house of Christian Dior.
Life History/Career Path of Bernard Arnault
Bernard Arnault was born on 5 March 1949 in Roubaix, France. Jean Leon Arnault is the name of his father which is a manufacturer. Jean Leon Arnault is graduated of Ecole Centrale Paris.
Marie-Josèphe Savine is the name of his mother who had a fascination for Dior. She was the daughter of Étienne Savinel, who entrusted her husband with the management of his civil engineering company Ferret-Savinel in 1950, and later its ownership. From 2010 until 2013, Arnault was a member of the Board of Advisors of the Malaysian 1MDB fund.
He was graduated from the Ecole Polytechnique,, France’s leading engineering school, and began work for his father’s company. Five years into the position, he convinced his father to liquidate the construction division and enter the real estate market.
With the help of Antoine Bernheim, a senior partner of Lazard Frères, Arnault acquired the Financière Agache, a luxury goods company. He became the CEO of Financière Agache and subsequently took control of Boussac Saint-Frères. After giving his all the hard work and dedication towards the real estate market, he became one of the successful businessmen in the world.
Success Story of Bernard Arnault:
Bernard Jean Etienne Arnault was born on the 5th of March 1949 in Roubaix, France as the son of Jean Leon Arnault, a manufacturer who owned a civil engineering company, Ferret-Savinel.
He completed his schooling at Maxence Van Der Meersch High School, Roubaix then entered the Prestigious Ecole Polythenique and graduated with a degree in engineering in 1971.
Bernard became involved in his father’s business after graduating from college & convinced his father to disband the construction division, expand company horizons and reap the benefits by involving in other more profitable businesses.
Bernard was quickly moving up the ranks in the company and was the director of development in the year 1974, CEO in 1977, and surpassed his father by becoming president in 1979.
In the year 1981, the French Socialists forced the family to relocate to America, and later in the year 1983, Arnault returned to France and saw a golden opportunity to expand into the textile industry. He co-operated with Antonie Bernheim to fund his purchase of Boussac.
Upon receiving the company, Arnault sold most of the shares and kept only the Christian Dior brand and the department store Le Bon Marche. By 1985 he was the CEO of Dior. In the year 1987, Arnault invested in a joint share with the Guinness PLC.
Throughout the next few years, he would continue to invest and gain more of the company like ‘Marc Jacobs’, ‘Sephora’, and ‘Guerlain’ and few others. By the year 1989, he had control of 43.5% of the company shares and began to replace the old average employees with new ones. As of 2020, Bernard Arnault’s net worth is $70 billion.
Bernard Arnault’s company LMVH is engaged in a number of philanthropic activities like humanitarian, medical research, and scientific organizations, such as Save the Children.
|Age (as in 2021):||72 Year|
|Date of Birth:||March 5, 1949|
|Birth Place:||Roubaix, France|
|Bernard Arnoult Signature:|
|School:||• Lycee Faidherbe|
|College/University:||• Ecole Polytechnique(1961-1971)|
|Educational Qualification:||Degree in Engineering|
|Religion:||Not revealed yet|
|Ethnicity:||Nit revealed yet|
|Languages Known||English, French|
|Famous as:||Businessman, Media Proprietor, Art Collector|
|Height (approx.):||in feet inches, 6 ft 1 in|
in meters 1.86 m
|Wight(approx.):||81kg (in kilograms)|
178.574 lbs (in pounds)
|Body Measurements (approx.):||-Chest: Inches|
|Eye Colour :||Black|
|Blood Group:||Not Known Yet|
Relationship, Girlfriend, Wife:
|Marital Status:||Divorced one time and married now|
Bernard Arnault's Family:
Anne Dewavrin (m. 1973; div. 1990)
Jean Léon Arnault(Manufacturer);
Marie-Josèphe Savinel(fascination for Dior)
|Cousin||Not known yet|
|Sibling in Law|
stephanie watine arnault
Favourite Things of Bernard Arnault:
All the things given below are Bernard Arnault’s very favorite things that we have collected by looking at online and news magazines and wiki.
|Favourite watch brand:||None|
|Favourite Film/Movie:||Not known yet|
|Favourite Singer:||Not Known|
|Favourite Perfume:||Not Known|
|Favourite Cars:||BMW 7- Series|
|Books||The Taste of Luxury|
|Favourite Device Games||None|
LVMH Moët Hennessy Louis Vuitton is also known as LVMH. It is a French multinational corporation and conglomerate(a thing consisting of a number of different and distinct parts or items that are grouped together) that produces luxury goods.
Its headquarters is located in Paris, France. The corporation was established after the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). It is the most valuable company in Europe.
In the 1990s, Bernard Arnault had the idea to create a group of luxury brands. Arnault’s successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Thus, the French conglomerate Kering and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 stock market index.
At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group’s control amounted to 46.84% of LVMH’s stock and 63.13% of its voting rights.LVMH holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo.
Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault is the Chairman and CEO of both companies. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy-out.
Bernard Arnault overtaked Bezos:
According to a report on May 25, 2021 Bernard Arnault overtook Bezos. Bernard Arnault is the CEO of LVMH and has a net worth of $187.6 Billion and Jeff Bezos which is the founder of Amazon has $185.2 Billion.
Whereas Bezos built his fortune as the proprietor of the internet’s “everything store,” Arnault made his name and money from a collection of companies specializing in finely made leather goods, couture fashion, and high-end spirits. LVMH is the parent behind a number of globally known names in luxury, including Louis Vuitton, Dior, Celine, Moët, Hennessy, and now Tiffany. Arnault, 72, maneuvered his way into a controlling stake of the company in the late 1980s, in a saga that earned him the nickname “the wolf in cashmere.” He was instrumental in forging it into what is today the world’s largest luxury seller.
Over the past several months, as LVMH has seen its sales come roaring back from the pandemic, particularly among Chinese and US shoppers, its stock price has soared, and Arnault’s wealth with it. By November, he had become the world’s second-richest person and was gaining ground on Bezos.
Now, Finally, He has become the richest person in the world.
Bernard Arnault Talks:
1. Bernard Arnault | Full Q&A | Oxford Union
2. Bernard Arnault (LVMH): Why I think APPLE is not a luxury brand.
3. L' Interview : Bernard Arnault-Stupéfiant(in french)
Bernard Arnault Cars Collection:
Bernard Arnault Awards:
Assets/Properties of Bernard Arnault:
|House||Not revealed yet|
|Land or assets with the approximate value||Not revealed yet|
Bernard Arnault's Net Worth / Salary:
|Net Worth||$187.5 Billion(May 2021) (approx.)|
Best Photos of Bernard Arnault
Top 5 Bernard Arnault Quotes
Did you know about Bernard Arnault Facts!!
FAQs About richest person Bernard Arnault?
He used to work in his Father’s manufacturing company. Five years into the position, he convinced his father to liquidate the construction division and enter the real estate market. … Named a director of the company in 1974, he became chief executive in 1977AD
LVMH stands for Moët Hennessy Louis Vuitton.
According to a report of May 2021,Bernard Arnault has net worth of $187.5 Billion whereas Elon Musk has net worth of $157.5 Billion.
As of 2018, there are over 2,200 U.S. dollar billionaires worldwide, with a combined wealth of over US$9.1 trillion, up from US$7.67 trillion in 2017.
Bernard Arnault is the chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury goods company.
His Net worth is $187.2 Billion.
Currently, Elon Musk does not have a wife. He has been in a relationship with Canadian Singer Grimes( real name Claire Boucher) for over Louis Vuitton is more expensive than Gucci when it comes to bags. Both brands are popular luxury fashion brands but Louis Vuitton has a more established reputation with a sense of timeless style and premium quality that elevates its offerings (and respective price tags) over Gucci’s pieces three years.
Quadrillionaire (plural quadrillionaires) Somebody whose wealth is greater than one quadrillion units of the local currency.
Steve Jobs was the first Zillionaire at the age of 29.
Walton Family is the richest family in the world.