Bernard Arnault Biography– Bernard Jean Étienne Arnault, a French business entrepreneur, businessman, and art collector, was born on March 5, 1949. He is the chairman and CEO of the world’s largest luxury goods firm, LVMH Mot Hennessy – Louis Vuitton SE.
According to Forbes, Arnault is the world’s third richest person and Europe’s richest person as of May 2022, with a net worth of US $160 billion.
Arnault received his education at Roubaix’s Lycée Maxence Van Der Meersch and Lille’s Lycée Faidherbe. He graduated from France’s top engineering school, the École Polytechnique, in 1971 and went to work for his father’s company.
After persuading his father to focus the company on real estate, Ferret-Savinel sold the industrial construction division and was renamed Ferinel three years later. The corporation renamed the real estate branch to the George V Group after acquiring a textile company and relocating their headquarters. Later, the real estate holdings were sold to Compagnie Générale des Eaux (CGE), which became Nexity.
Who is Bernard Arnault?
With a net worth of $186.3 billion, Bernard Arnault is one of the world’s wealthiest persons. He is the CEO of LVMH, which stands for Louis Vuitton Moet Hennessy and is Europe’s richest firm.
He is the richest guy in fashion and a French business entrepreneur, investor, and art collector.
Because his clever acquisitions of several luxury fashion brands, such as Christian Dior, his net worth has climbed by about 40 billion dollars since 2017. His personal wealth climbed by 39 billion dollars in 2019.
Bernard Arnault Net Worth: How much does Bernard Arnault have?
With an estimated net worth of $186.3 billion, French fashion mogul Bernard Arnault is the world’s richest person on Monday morning, surpassing Jeff Bezos, who is worth $186 billion, and Elon Musk, who is worth $147.3 billion.
Thanks to a pandemic-defying performance by his luxury business LVMH (Louis Vuitton Mot Hennessy), Arnault’s fortune has risen from $76 billion in March 2020 to $186.3 billion on Monday, a staggering leap of almost $110 billion in the last 14 months.
LVMH, which also owns Fendi, Christian Dior, and Givenchy, climbed 0.4 percent in early trade on Monday, putting its market valuation at $320 billion and increasing Arnault’s personal interest by more than $600 million.
Bernard Arnault Career
Arnault began his career as an employee of his father’s manufacturing firm. He persuaded his father to sell the construction division and enter the real estate market five years into the job.
The new company began by developing specialty holiday accommodations under the brand Férinel. In 1974, he was named a director of the corporation, and in 1977, he was named CEO. He took over as president of the corporation from his father in 1979.
Arnault purchased Financière Agache in 1984 with the help of Antoine Bernheim, a senior partner of financier Lazard Frères et Cie, and took control of Boussac, a struggling textile firm that owned Christian Dior and the department store Le Bon Marché, among other assets. Arnault exploited this foothold in the premium market to start establishing his empire.
Bernard Arnault Age: How old is Bernard Arnault?
Bernard Jean Étienne Arnault is 73 years old, was born on March 5, 1949, in Roubaix, France, to Jean Leon Arnault. His father was a manufacturer who also controlled Ferret-Savinel, a civil engineering firm.
He went to Roubaix’s Maxence Van Der Meersch High School. He attended the elite École Polytechnique after finishing his education and finished with a degree in engineering in 1971.
Bernard Arnault Wife: Who is Bernard Arnault’s wife?
Bernard Arnault is married to Canadian concert pianist Hélène Mercier in 1991, and they have three children: Alexandre, Frédéric, and Jean. Hélène Mercier and Bernard Arnault currently reside in Paris.
Hélène Mercier, a world-renowned concert pianist from Canada, has been married to Bernard Arnault, a French wealthy businessman, since 1991. Together, the couple has three children.