Who is Bernard Arnault?
Bernard Arnault is a French billionaire, businessman, and Chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE; commonly known as Louis Vuitton, one of the world’s largest luxury brands. He is the richest man in the world. Bernard Arnault’s net worth is $239 billion.
He was born on March 5, 1949 in Roubaix, France. Arnault began his career in the construction industry and then moved into the luxury goods sector, where he led the acquisition of many prestigious brands such as Christian Dior and Givenchy.
Bernard Arnault’s net worth in rupees is INR 19,600 crores.
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Bernard Arnault |
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Net value |
239 billion USD |
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Annual income |
7 billion USD |
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Date of birth |
March 5, 1949 |
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Year old |
74 |
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Height |
1.85 m or 6′ 1” |
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Nationality |
French |
Bernard Arnault’s early career
Bernard Arnault’s career began in 1971 when he began working for his father’s construction company Ferret-Savinel. He later founded his own real estate company, which eventually became the property division of LVMH. In 1984, Arnault acquired the fashion house Christian Dior and he used this as a launching pad to build his luxury goods empire.
Under his leadership, LVMH acquired several other luxury brands, including Givenchy, Fendi, Bulgari and Tag Heuer, among many others. He also oversaw the company’s expansion into new markets, including China and India.
Arnault is known for his focus on quality and innovation as well as his ability to identify and acquire successful brands. He has been recognized for his contributions to the fashion and luxury goods industries, and has received many awards and honors throughout his career.
As of 2023, he is the richest person in the world, even surpassing Elon Musk and Jeff Bezos.
Bernard Arnault net worth and profitable assets in 2023
Bernard Arnault’s net worth is currently $239 billion. He has a diverse business portfolio.
- His largest source of wealth is his ownership of LVMH, which has a market capitalization of more than $477 billion. Its portfolio includes more than 70 luxury brands, including Tiffany & Co., Dior, Fendi and Bulgari.
- He also owns a controlling stake in Christian Dior SE, which owns the fashion house of the same name, as well as other brands such as Givenchy and Celine.
- In addition to LVMH and Christian Dior, Arnault also invests in other companies such as Sephora and Hermès.
- In addition to being a business tycoon, Arnault is also a famous art collector and owns an extensive collection of modern and contemporary art. His art collection is also estimated to be worth several billion dollars.
Bernard Arnault’s Houses and Real Estate
The richest man in the world must own some luxurious and exclusive properties. Below is a list of all houses and real estate owned by the French billionaire:
- Family villa in Paris | 200 million USD
- Saint-Tropez Hostel | >13 million USD
- Residential Real Estate in Los Angeles, Beverly Hills and Hollywood Hills | $$$
- Belmond Hotel and Cheval Blanc | $$$
- Cham Island in the Bahamas | $$$
Bernard Arnault car
Being the richest person in the world has its own perks. When a person has insurmountable amounts of money, they are bound to have access to the most expensive, exclusive, and luxurious things. Here is a list of cars owned by Bernard Arnault:
- Bugatti Chiron | 3.3 million USD
- Ferrari F12tdf | 1.5 million USD
- Aston Martin Lagonda Taraf | 1 million USD
- Rolls-Royce Phantom | 450,000 USD
- Mercedes-Benz S-Class Pullman | 600,000 USD
- Tesla Model S | 100,000 USD
Does Bernard Arnault have any charities?
The world’s richest billionaire is also famous for his charitable nature. According to CNBC, Arnault has donated more than $45 million to charity. In 2019, when Notre Dame Cathedral burned, he pledged to spend more than 226 million USD to renovate. In addition, he also donated 11 million USD to fight forest fires.
Some interesting facts and quotes by Bernard Arnault
Interesting facts:
- Arnault was nicknamed “The Terminator” for firing more than 9,000 employees.
- He has an art collection worth billions of dollars.
- The billionaire once stated in an interview with Forbes that his inspiration was Warren Buffet.
- He owns a private island worth millions of dollars in the Bahamas.
- This often comes as a shock to many people, but Arnault is a classically trained pianist.
Quote:
- “Money is just a consequence. I always tell my team not to worry too much about profits. If you do your job well, the profits will come.”
- “All I care about is promoting my brand, never myself.”
- “I remember people telling me that bringing together so many brands was pointless. And it was a success, a recognized success, and in the last 10 years every competitor has tried to imitate it. I think they didn’t succeed but they tried.”
- “People think politicians have real power, but that’s less and less true. After all, they are often forced or cornered by a series of unexpected situations… I’m lucky in that I can say: ‘I want my team to be in a situation like this for 10 or 20 years again. ‘time’ and then make a plan to make it happen.”
- What feels good is a choice. Have freedom of choice. The only thing that is imposed on me professionally is my own long-term vision of things.”
In short, Bernard Arnault is a French business tycoon, chairman and CEO of LVMH group, art collector, philanthropist and the richest person in the world. Arnault’s net worth as of 2023 is $239 billion.
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Source: pagasa.edu.vn