Bernard Arnault (born March 5, 1949) is a French businessman and art collector. As of my knowledge cutoff in September 2021, Arnault is the CEO of LVMH Moët Hennessy Louis Vuitton SE, commonly referred to as LVMH, the world’s largest luxury goods company.
Born in Roubaix, France, Arnault is the son of a manufacturer. He graduated from the prestigious École Polytechnique in France in 1971 and joined his father’s company, Ferret-Savinel, which was focused on civil engineering and construction. By 1979, Arnault had succeeded in shifting the company’s direction towards real estate, renaming it Ferinel.
In the mid-1980s, Arnault divested from Ferinel and entered the luxury goods market. In 1984, he took over the bankrupt textile group Boussac, which owned the struggling brand Christian Dior. Arnault’s major coup came in 1989 when he gained control of LVMH, the company that controlled Dior. Despite initial resistance from the company’s leadership, Arnault outmaneuvered his rivals and became the majority shareholder, eventually becoming its chairman and CEO.
Under Arnault’s leadership, LVMH expanded significantly, acquiring various brands across different sectors of luxury goods. These included well-known names like Tag Heuer, Fendi, Dom Pérignon, Sephora, and Bulgari among many others.
In addition to his business ventures, Arnault is a noted art collector with pieces from Picasso, Yves Klein, Henry Moore, and Andy Warhol, among others. He has been instrumental in supporting artistic expression through the creation of the Louis Vuitton Foundation, an art museum and cultural center opened in Paris in 2014.
Arnault has frequently been listed among the richest people in the world. His business acumen and ability to grow and sustain LVMH’s profitability have earned him recognition as one of the most influential figures in the fashion and luxury industry.
- Birth Date: March 5, 1949
- Birth Place: Roubaix, France
- Education: École Polytechnique
- Net Worth: $216.7 billion
What is Bernard Arnault’s Net Worth?
Bernard Arnault’s Net Worth is approximately $216.7 billion as of 2023.
What is Bernard Arnault’s E-Mail Address?
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