Bernard Arnault Net Worth: Bernard Arnault is an entrepreneur, investor, as well as art collector from France. He is the chairman and CEO of LVMH Mot Hennessy – Louis Vuitton SE, the world’s largest luxury goods company According to Forbes, Arnault is the third richest person in the world and the richest person in Europe as of 31 January 2022. Bernard Arnault, the leader at the helm of luxury’s greatest conglomerates, has left a lasting impression on the fashion business, thanks to the firm’s full scope of acquisitions and continued success. In addition to LVMH, Arnault is in charge of several other investments and holding companies.
Arnault was born on March 5, 1949, in Roubaix, France. He is the son of Jean Leon Arnault, who owned a civil engineering company, Ferrel-Savinel. Arnault studied at one of the most prestigious engineering schools, the École Polytechnique de France at Palaiseau, graduating with an M.Sc. degree in 1971. After graduation, he joined his father’s company in 1976 and succeeded him as president in 1979.
Bernard Arnault Net Worth: Age, Career, Family, Business, Wife
Bernard ArnaultPersonal life
Bernard has been married twice (their first wife Ann Devavrin, whom he married in 1973 and divorced in 1990). Currently, he is married to Helen Mercier since 1991. Arnault has five children who are also part of the LVMH empire. Some of the children include Frederic Arnault, Antoine Arnault, Delphine Arnault, and Frederic Arnault.
Bernard ArnaultAge, Height, and Weight
Born on 5 March 1949, Bernard Arnault is 73 years old as of 8 December 2022. His height is 1.85 meters tall and his weight is 80 kg.
Bernard ArnaultCareer
After assuming the chairmanship of the company, Bernard began acquiring other companies such as Financier Agache, which was a luxury goods company. He also acquired a textile company that had suffered, Boussac Saint-Frères, and Peaudouce, a diaper manufacturing company.
In 1987 he became the CEO of LVMH and, in 1989, became the company’s chairman after buying a majority of the company’s shares. Today Arnault is one of the largest luxury groups in the world, alongside two other luxury companies Kering and Swiss luxury giant Richemont. He oversaw the acquisition of major companies such as Celine, Kenzo, Berluti, La Tribune, Les Echos, and Lowe’s. Arnault has also invested in other companies such as Boo.com, Zebank, Netflix, Colony Capital, Princess Yachts, and Château d’Yquem. Apart from business, Arnault is an art collector and his collection includes Andy Warhol, Henry Moore, Picasso, and Yves Klein among others.
Currently, he is the Chairman and Chief Executive Officer of LVMH. He completed his diploma studies at Ecole Polytechnique in 1969-1971. Arnault attended Lycée Maxence Van Der Meersch in Roubaix and Lycée Faidherbe in Lille. He graduated from Ecole Polytechnique, France’s top engineering school, in 1971 and started working for his father’s company. After three years of persuading his father to shift the company’s focus to real estate, Ferret-Savinel sold the industrial construction division and was renamed Ferinel. He also awarded more honors which are very effective.
Grand Officer of the Legion d’Honneur on 14 July 2011
Commander of the Legion d’Honneur on 10 February 2007.
Knight Commander of the Most Excellent Order of the British Empire in 2012
Woodrow Wilson Award for Global Corporate Citizenship in 2011.
The Museum of Modern Art’s David Rockefeller Prize in March 2014.
Member of the World’s Millionaires
Bernard ArnaultNet Worth
Bernard Arnault’s net worth is around $170 billion. Bernard Arnault is the third richest man in the world and today the richest man in Europe. Arnold’s net worth is amassed through shares in LVMH, a company that sells luxury goods, earning billions. At times, he would make billions in just 72 hours when stocks soared. Some of the brands under LVMH are Louis Vuitton, Christian Dior, Moet & Chandon, and Tiffany & Co, among many others.
Bernard Arnault Business
Arnault had the idea to create a group of luxury brands in the 1980s. In 1987, he co-founded LVMH with Mott Hennessy CEO Alain Chevalier and Louis Vuitton President Henri Racamier. Arnault paid $1.5 billion in July 1988 to form a holding company with Guinness that held a 24% stake in LVMH. In response to rumors that the Louis Vuitton Group was purchasing LVMH stock to form a “blocked minority”, Arnault spent $600 million to purchase 13.5% more of LVMH, making him the company’s largest shareholder. The idea behind LVMH was that the conglomerate would be too large for a single hostile attacker. The premise, however, failed to account for the internal takeover attempt.
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