Bernard Arnault net worth, age, wife, early life, personal life, business, LVMH, art collection, and many other details are covered in this article. Chief Executive Officer of LVMH Bernard Arnault has a $195 billion fortune.
| Name | Bernard Arnault |
| Profession | Businessperson |
| Net Worth | $195 Billion |
| Salary | $20 Billion + |
| Monthly Income | $2 Billion + |
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He has held the top three spots among the world’s wealthiest individuals during the past year. He is claimed to have stayed among the world’s wealthiest individuals for the past twenty years. The wealthiest person in Europe, he is. He is reputed to be the world’s most media-averse individual.
Also, check Top 250 Billionaires In The World.
There aren’t many images of him in the press. You might be shocked to learn that he began his career in the construction industry given his present line of work. He is renowned for buying failing businesses and turning them into market leaders.
It is said that his business employs cheap labor in South Asia and charges premium prices for the products produced there in Europe and the United States. Bernard Arnault thinks that everything in our world is a component of business. The Indian trade unions accuse them of taking advantage of the workers. In addition to being one of the wealthiest persons in the world, he is likewise one of the most generous.
It’s estimated that he gives away more than $100 million annually. He has given away about $450 million in the last year, primarily to NGOs. However, some were additionally donated to the French government. For a sneak view of celebrities’ life, stay tuned with us.
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What is Bernard Arnault Net Worth?
French billionaire businessman Bernard Arnault has a $195 billion total net worth. As the chairman and CEO of LVMH, the biggest luxury goods company in the world, Bernard Arnault made his fortune. For the majority of his adult life, Bernard has been among the world’s wealthiest individuals, ranking alongside Elon Musk, Jeff Bezos, and Bill Gates.
On December 13, 2022, Bernard Arnault passed Elon Musk to take the title of the world’s richest person. When LVMH’s stock was climbing in April 2023, Bernard Arnault’s net worth surpassed $200 billion for the first time. With no need to account for inflation, Bernard thereby became just the third person in history to have a net worth above $200 billion.
| Net Worth | $195 Billion |
| Date of Birth | Mar 5, 1949 (age 74 years old) |
| Place of Birth | Roubaix, France |
| Gender | Male |
| Profession | Businessmen |
| Nationality | France |
Bernard Arnault Net Worth Details
Being the CEO of LVMH allowed Bernard Arnault to amass his wealth. Arnault purchased Christian Dior out of bankruptcy in the 1980s.
He then combined a group of luxury companies, including Louis Vuitton, Moet, Hennessy (thus, “LVMH”), Marc Jacobs, Givenchy, Tag Heuer, Bulgari, and Tiffany & Co., using the profits and increasing value of Dior as funding. Presently, LVMH manages 60 brands and brings in $70 billion annually. LVMH has a $384 billion market value as of this writing.
97% of Dior is still owned directly by Bernard and the larger Arnault family, while Dior controls 41% of LVMH. Additionally, the family controls an additional 7% of LVMH solely on their own. They control more than half of the entire vote.
In addition to LVMH, Bernard also owns two French vineyards, Princess Yachts, 5% of Carrefour, the country’s largest supermarket chain, and a multibillion-dollar art collection that includes works by Picasso and Warhol.
For the first time, Bernard Arnault’s net worth surpassed $100 billion in June 2019. He was the third-richest person on the earth at that time. His net worth reached $108 billion in July 2019, making him the second-richest person in the world, just $400 million behind Bill Gates.
When his $171 billion net worth eclipsed Elon Musk’s $168 billion net worth in December 2022, he overtook Musk as the richest person in the world.
Early Life
Bernard On March 5, 1949, Jean Étienne Arnault was born in Roubaix, France. Manufacturer and École Centrale Paris alumnus Jean Léon Arnault was the boy’s father. Étienne Savinel, who owned the civil engineering firm Ferret-Savinel, was the father of his mother, Marie-Josèphe Savinel.
In 1950, Savinel granted his son-in-law Jean Léon Arnault (Bernard’s father) control over Ferret-Savinel and ultimately gave him ownership of the business. In 1971, Bernard earned his degree from the École Polytechnique, France’s top engineering institution.
Family Business
Arnault started working at his father’s business, Ferret-Savinel (formerly held by his maternal grandfather), after graduating in 1971. In 1978, he was elected president of the business, and he held that post through 1984.
He assisted in steering Ferret-Savinel away from construction and toward a growing emphasis on real estate while he was there, which would prove to be a wise business decision.
LVMH (Louis Vuitton, Moet, Hennessy)
Bernard purchased expensive goods with the increasing value and revenues of Dior. Bernard established LVMH in 1987 as a holding company for the merging of Louis Vuitton and Moet Hennessy luxury fashion brands.
He invested $1.5 billion and established a holding company with Guinness in July 1988 to acquire 24% of LVMH’s shares. To preemptively address the rumors that the Louis Vuitton group would attempt to acquire LVMH stock in order to create a “blocking minority”, Another $600 million was invested by Arnault for 13.5% of LVMH stock.
Consequently, he became the largest stakeholder in LVMH. But he wasn’t finished; in January 1989, he spent even more cash—this time $500 million—to purchase additional shares. He then held 35% of the voting rights and a total of 43.5% of the shares in LVMH.
He used his influence to prevent the LVMH group from being dismantled, and he has since guided the company through a metamorphosis that has made it one of the largest leading luxury organizations in the world.
LVMH expanded significantly under Arnault’s leadership. Sales and profit increased by a factor of 5 in just eleven years, while the company’s market value increased by a factor of 15. 75 brands were owned by the company as of June 2020, but Arnault has persisted in promoting a strategy that decentralizes the brands in order to enable them to be perceived as autonomous brands and businesses with their own histories and tales.
Céline (bought in 1988), Berluti (1993), Kenzo (1993), Guerlain (1994), Loewe (1996), Marc Jacobs (1997), Sephora (1997), Thomas Pink (1999), Emilio Pucci (2000), and Fendi (2001) are a few of the other brands that fall under the LVMH umbrella.
Luxury Purchases
With the aid of Antoine Bernheim, Bernard purchased the upscale products company Financiere Agache in 1984. In addition to taking over the textile manufacturer Boussac Saint-Freres out of bankruptcy, he was appointed CEO of Financiere Agache.
The luxury brand Christian Dior and the department store Le Bon Marche were only two of the many businesses that Boussac owned. Except for Dior and Le Bon Marche, Arnault sold all of the Boussac assets. Bernard and his family still personally own 97% of Dior.
Various Investments
Arnault has his hands in several different pies in addition to LVMH. Through his holding firm Europatweb, he made investments in a number of web businesses between 1998 and 2001, including Boo.com, Libertysurg, and Zebank.
He made a 1999 investment in Netflix through his investment company, Groupe Arnault. Arnault and the California real estate company Colony Capital were both revealed to control 10.69% of Carrefour in 2007.
Carrefour is the second-largest food distributor in the world and the biggest grocery operator in France. He has also been interested in the boating industry. He invested €253 million in Princess Yachts in 2008. Then, for almost the same sum of money, he took control of Royal van Lent.
Artwork Collection
But Arnault isn’t just all business; he’s also renowned for his intense interest in things like art collecting. Arnault has supported creative shows in France through LVMH that have included such well-known international figures as Pop Art founder Andy Warhol and abstract painter Pablo Picasso.
Personal Life
Arnault married Anne Dewavrin in 1973, and the two divorced in 1990. They have two kids together. He wed Canadian concert pianist Hélène Mercier in 1990. Together, they are parents to three kids.
After the tragic fire that destroyed the iconic Notre Dame Cathedral in Paris, France, in 2019, Arnault and his family promised to provide €200 million for the restoration and reconstruction work.
Some Interesting Bernard Arnault Facts
- Does Bernard Arnault Smoke? Yes
- Is Bernard Arnault an alcoholic drinker? Yes
- Bernard Arnault is quite concerned with his health. Before nine o’clock every night, Bernard Arnault eats.
- Volleyball and tennis are two of Bernard Arnault’s favorite sports.
- Bernard Arnault enjoys football tremendously.
- Bernard Arnault has said that he has a crush on him.
Frequently Asked Questions
What is Bernard Arnault’s net worth?
Nearly $220 billion is the total value of Bernard Arnault’s assets.
What is Bernard Arnault’s age?
On March 5, 1949, Bernard Arnault turned 74 years old.
What is Bernard Arnault’s yearly income?
$20 billion is the projected yearly compensation for Bernard Arnault.
What is Bernard Arnault’s height?
Bernard Arnault stands 1.85 meters (6 feet 0 inches) tall.
Who is the wife of Bernard Arnault?
Hélène Mercier (m. 1991) and Anne Dewavrin (m. 1973–1990) were married to Bernard Arnault.