Bernard Arnault was born on March 5, 1949, in a small town in France. From a young age, he showed an entrepreneurial spirit and a love of luxury goods. He began his career in business at the ripe age of 17, working as a stockbroker.
In 1987, Arnault teamed up with Jean-Louis Vuitton to create the luxury brand LVMH Moët Hennessy – Louis Vuitton SE. The company has since become the world’s largest luxury goods company, with brands including Dior, Fendi, and Givenchy.
Today, Arnault is the co-founder, chairman, and CEO of LVMH and has an estimated net worth of $159 billion. He is one of the richest people in the world and is known for his passion for art and luxury items. Arnault’s story is a true rags-to-riches tale and serves as inspiration for entrepreneurs everywhere.
Bernard Arnault is the richest person in fashion, topping Zara’s Amancio Ortega. In 2016, Arnault was paid €7.8 million as the CEO of the LVMH group.
In July 2019, Arnault became the second-richest man in the world, with a net worth of $103 billion. Arnault briefly surpassed Jeff Bezos to become the richest person in the world in December 2019, and again for a short time in January 2020. During the COVID-19 pandemic, Arnault saw his wealth shrink by $30 billion as sales of luxury goods plummeted.
On 5 August 2021, he regained the status of the wealthiest man in the world, with his net worth climbing to $198.4 billion.
Educational Background
Bernard Arnault attended the Roubaix lycée and the Faidherbe lycée in Lille, France. He then went on to study at the Ecole Polytechnique, where he graduated with a degree in engineering. Mr. Arnault has been a driving force in the world of luxury fashion and retail, and his success can be attributed to his keen business sense and his dedication to his work.
BiographyBernard Arnault is the son of Jean Arnault and Marie-Josèphe Savinel (Bernard’s Mom). Bernard’s father was a textile manufacturer and his mother was a homemaker. Bernard has two brothers, Jean-Jacques and Pierre.
Bernard’s father founded the family business, Marcel Arnault SA, in 1947. The company manufactured men’s clothing and accessories. Bernard started working for the company when he was just 15 years old. He began as a clerk and worked his way up through the company.
In 1973, Bernard became the CEO of Marcel Arnault SA. Under his leadership, the company grew rapidly. In 1987, Bernard merged the company with Groupe LVMH, a luxury goods conglomerate. Bernard became the chairman and CEO of LVMH.
Today, LVMH is the largest luxury goods company in the world. Bernard is one of the richest people in the world. He is a very successful businessman and has brought great wealth to his family.
Bernard is a major art collector and philanthropist. He is also an avid sports fan and owns several racehorses.
Bernard Arnault’s Family
Bernard Arnault has five children with two different wives. His first wife was Anne Dewavrin and they had two children together, Delphine and Antoine. They divorced in 1990. In 1991, he married Hélène Mercier, a Canadian concert pianist, and they had three children together, Alexandre, Frédéric and Jean. All five children have official roles in brands controlled by Arnault.
Delphine is the partner of Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry. Antoine is the CEO of Christian Dior Couture. Alexandre is the EVP of Tiffany & Co, Frédéric is the CEO of TAG Heuer, and Jean is the Director of Marketing and Development at Louis Vuitton.
Since 2010, Arnault’s daughter Delphine has been the partner of Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry.
