How much do you think is Bernard Arnault Net Worth? Born on March 5, 1949, Bernard Jean Étienne Arnault is a French business tycoon, investor, and art collector. He started the largest luxury goods company in the world, LVMH Mot Hennessy – Louis Vuitton SE, and now he runs it as chairman and CEO. Forbes estimates that Arnault’s net worth including his family’s holding is US$188.6 billion as of December 2022, making him the wealthiest person in the world. You will read about Bernard Arnault Net Worth below.
Bernard Arnault Net Worth
Bernard Arnault Net Worth: Bernard Arnault, a French billionaire, has more wealth than anyone else in Europe. Bloomberg estimates his net worth at $80.8 billion. Arnault is the richest person in the fashion sector in addition to being the chairman and CEO of LVMH Moet Hennessy Louis Vuitton SE, or LVMH, the world’s largest manufacturer of luxury goods. Among the many brands that LVMH markets and sells are Louis Vuitton bags, Dom Perignon champagne, TAG Heuer timepieces, and Rimowa travel trunks.
Next to Jeff Bezos, Bill Gates, and Warren Buffett, Arnault is the world’s fourth-wealthiest individual. To this day, four of Arnault’s five children are actively involved in the family business. Delphine, his daughter, is the current vice president of Louis Vuitton and, by extension, the heiress of LVMH.
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Bloomberg states that Arnault, a Parisian who also has a property on the French Riviera, graduated from one of the best technical schools in France and was chosen CEO of luxury goods holding company Financiere Agache in 1984. Take a peek into Arnault’s professional and personal life, as well as his family history, below.
Bernard Arnault (Chairman & CEO, @LVMH) on stage to launch #VivaTech 2017 alongside Maurice Lévy (@PublicisGroupe). pic.twitter.com/2DUbKEz0XX
— LVMH (@LVMH) February 21, 2017
Bernard Arnault History and Development
French billionaire Bernard Jean Étienne Arnault entered the world on March 5, 1949, in Roubaix. Marie-Josèphe Savinel, the daughter of Étienne Savinel, was a fashion icon in her own right and had a “fascination for Dior,” according to her son. Ferret-Savinel was a civil engineering firm founded by his father, industrialist Jean Léon Arnault, who was a graduate of École Centrale Paris.
Arnault attended both Lycée Maxence Van Der Meersch in Roubaix and Lycée Faidherbe in Lille for his secondary education. He joined his father’s business after graduating from France’s top engineering school, École Polytechnique, in 1971. Ferret-Savinel lost its industrial construction section and changed its name to Ferinel three years later when the younger Savinel successfully persuaded his father to refocus the company’s focus on real estate.
The real estate division was rebranded as the George V Group after the firm’s acquisition of a textile firm and subsequent transfer of its headquarters. The company’s real estate holdings were acquired by Compagnie Générale des Eaux (CGE), which would subsequently change its name to Nexity.
Bernard Arnault’s Career
In 1971 Arnault started working with Ferret-Savinel where he would eventually serve as president from 1978 until 1984. As a young real estate developer in 1984, Arnault learned that the French government would soon be selecting a successor to the Boussac Saint-Frères empire, which included the Christian Dior fashion house.
Bernard Arnault’s Alternative Investing
In 1998, he made a personal investment in Château Cheval Blanc alongside businessman Albert Frère. In 2009, LVMH purchased Arnault’s stake in the company, adding Château d’Yquem to the company’s portfolio of wine properties.
From 1998 through 2001, Arnault used his holding Europatweb to make investments in businesses like Boo.com, Libertysurf and Zebank, among others. In 1999, Groupe Arnault also made an investment in Netflix.
In 2007, Blue Capital stated that Arnault owned 10.69% of France’s largest grocery retailer and the world’s second-largest food distributor Carrefour in partnership with the California real estate firm Colony Capital.
Bernard Arnault’s Personal Life
He wed Anne Dewavrin in 1973, and the couple has since had two children, Delphine and Antoine. Their breakup occurred in 1990. He wed Canadian concert pianist Hélène Mercier in 1991; the couple has three children together: Alexandre, Frédéric, and Jean. The Parisian residence of Arnault and Mercier. Arnault’s five children and his niece, Stephanie Watine Arnault, all have official responsibilities in brands that their family controls. These children are named Delphine, Antoine, Alexandre, Frédéric and Jean.
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Jean is the Director of Marketing and Development at Louis Vuitton, while Frédéric is the CEO of TAG Heuer and Alexandre is an Executive Vice President at Tiffany & Co. Since 2010, Delphine Arnault has been married to French telecoms and technology entrepreneur and billionaire Xavier Niel.
Final lines
here we talked about Bernard Arnault Net Worth. His net worth is more than any person in Europe now. He is earning more than $80 billion. I hope you enjoyed our article. Keep following venturejolt.com for more updates. Don’t forget to bookmark our site for the latest updates on celebrities’ life.
