Last Updated: 27 Apr, 2024 | Views: 1320
Age: 76
Profession: CEO
Other Profession(s): Media Proprietor, Business magnate, Art collector
Famous For: CEO of LVMH Moët Hennessy Louis Vuitton SA
Higher Education: Graduated
Net Worth: US$208.1 billion
About (Profile/Biography):
Bernard Jean Étienne Arnault was born on 5th March 1949. His business interests include investment and art collecting. His company, LVMH Mot Hennessy Louis Vuitton, is the world's largest luxury goods company. According to Forbes, Arnault's net worth is estimated to be $220 billion as of June 2023, making him the second wealthiest person in the world.
Bernard Arnault Career:
Bernard Arnault Early life
Bernard Arnaultwas born in Roubaix on 5 March 1949. The mother of his father, Marie-Josèphe Savinel, loved Dior. Jean Léon Arnault was the son of a manufacturer who graduated from École Centrale Paris and owned Ferret-Savinel Civil Engineering.
Bernard Arnault 1971–1987: Professional Start
Bernard Arnault joined Ferret-Savinel in 1971 and was president from 1978 to 1984. He heard in 1984 that someone selected by the French government would take over Boussac Saint-Frères' Christian Dior empire.
Bernard Arnault 1987–1989: Co-Founding And Acquisition Of LVMH
In 1987, Bernard Arnault founded LVMH with Alain Chevalier, CEO of Mot Hennessy, and Henry Racamier, president of Louis Vuitton. As of July 1988, Arnault owned 24% of LVMH through a holding company formed with Guinness for $1.6 billion.
Bernard Arnault 1989–2001: LVMH Initial Expansion And Growth
Guerlain was acquired by LVMH in 1994. In 1996, Arnault purchased Loewe, followed by Marc Jacobs and Sephora in 1997. Fendi, DKNY, La Samaritaine, Emilio Pucci, and Thomas Pink were also integrated into the group.
Bernard Arnault 2001–Present: Increasing Success And Profitability
Bernard Arnault acquired jointly with California's Colony Capital 10.69% of Carrefour, France's largest supermarket retailer, and the world's second-largest food distributor, in 2007.
His first venture into the yacht business was the purchase of Princess Yachts for 253 million euros in 2008. A nearly identical amount was then paid to him for control of Royal van Lent.
Bernard Arnault's Personal Life:
Bernard Arnault married Anne Dewavrin in 1973, and they had two children, Delphine and Antoine. The couple separated in 1990. In 1991, he married Hélène Mercier, a Canadian concert pianist, with whom he had three children, Alexandre, Frédéric, and Jean. Mercier and Arnault live in Paris.
Bernard Arnault Awards:
• Legion of Honor Grand Officer
• Arts and Letters Commander
• Italian Republic Order of Merit Grand Officer
• Medal of Pushkin
• Woodrow Wilson Award for Corporate Citizenship
• Museum of Modern Art David Rockefeller Award
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