A centibillionaire, Arnault is one of the wealthiest men in the world according to a 2021 Forbes report. He began his professional career that year as an engineer with the Ferret-Savinel construction company and successively was promoted to various executive management positions before becoming Chairman in 1978. Europe’s richest person just got richer. Bernard Arnault’s journey to become “Pope of fashion”, started back in 1984, when he put USD 15 million of his family’s money to rescue the bankrupt textile Company “Boussac” which owned Christian Dior. Advertisement He is also the chairman, CEO and main shareholder of LVMH Moët Hennessy Louis Vuitton Company.Arnault was born on 5th March 1949 in Roubaix, France. The deal arose from discussions started between Jay-Z and Alexandre Arnault, the 28-year-old son of French billionaire Bernard Arnault, LVMH's chief executive and controlling shareholder. In 1989, … 1949: Bernard Jean Étienne Arnault was born in Roubaix, France. Arnault owns a 96.5 per cent stake in Christian Dior, which controls 41 per cent of LVMH. He is currently the third richest person in the world. LVMH under Arnault has gobbled up brand after brand, including Sephora, Tiffany, and Fendi, while riding a wave of increasing global demand for elite products. New Delhi: World's leading fashion luxury goods company Louis Vuitton Moet Hennessey (LMVH) owner Bernard Arnault dethroned Amazon founder Jeff Bezos as the world's richest man.As per Forbes, Arnault claimed the number one spot with a net worth of $186.4 billion beating Bezos whose net worth stands at $186 billion. Bernard Arnault’s journey to become “Pope of fashion”, started back in 1984, when he put USD 15 million of his family’s money to rescue the bankrupt textile Company “Boussac” which owned Christian Dior. 1 LVMH is a French multinational conglomerate and the world’s largest luxury-goods company. Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group. Arnault is one of the graduates in the fieled of engineering from Ecole Polytechnique. Bernard Arnault is the founder, chairman, and CEO of luxury goods conglomerate LVMH, which owns about 70 luxury brands including Louis Vuitton and Christian Dior. 1976: Convinces his father to liquidate the construction division of their company, Ferret-Savinel, and … FRENCH fashion tycoon Bernard Arnault has become the world’s richest man with an incredible £131billion fortune, overtaking divorce-hit Jeff Bezos. Born in Roubaix, France, on March 5, 1949, Bernard Arnault is best known for being a entrepreneur. The backstabbing episode cemented Arnault’s reputation as the conniving “Wolf in Cashmere.”. He then went on to study at the Ecole Polytechnique. Read more below about how Arnault made his fortune and the read about the world’s billionaires. Bernard Arnault, the chairman and CEO of LVMH, the world’s leading luxury products group, became the wealthiest person in the world on Monday. The fortune of Bernard Arnault, the chairman and chief executive of LVMH, has soared by $5.1 billion since late Wednesday thanks to the strong sales at the world’s largest luxury house. Bernard Arnault. September 11, 2020, 10:30 PM PDT. Why is Bernard Arnault so rich? But the real curiosity of this list is the Financière Agache, holding company of Bernard Arnault, majority shareholder of Christian Dior SA, parent company of LVMH. In Bernard Arnault …CEO of the French conglomerate LVMH Moët Hennessy Louis Vuitton SA, the largest luxury-products company in the world. Maison Ruinart teams spent over three years developing a disruptive packaging that envelops the champagne bottle like a second skin. He is currently the richest person in … Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group. Bernard Arnault Worth a whopping $156.8 billion in 2021, Bernard Arnault is a French businessman and art collector most known as the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton. The investment will fuel development into future growth markets such as China and India, while the company … Bernard is the chairman and chief executive of LVMH Moët Hennessy, which owns luxury brands like Louis … Mr. Arnault is also President of the Board of Directors of Groupe Arnault … Bernard Jean Étienne Arnault (better known as Bernard Arnault) is a successful French businessman who is also famous for his art collection. He was born on Saturday, 5 March, 1949. History. Bernard Arnault One of the Most Extravagant on the Planet: A French Business Financier and Financial Backer, Chairman and Chief Executive Officer of Moët Hennessy Louis Vuitton Company since 1989 [Publishing Press, Smart] on Amazon.com. Bernard Arnault. They too, were on the verge of bankruptcy when our “hero”, Bernard Arnault stepped in. Arnault renamed the company Financiere Agache, and nursed it back to health. Arnault. His daughter, Delphine, is executive vice president of Louis Vuitton, in charge of supervising all of the brand’s product-related activities. Bernard Arnault. Arnault’s latest acquisition, Tiffany & Co., is currently integrating into the LVMH fold and stands to pad his bank account for years to come, even more than it already has. Arnault along with his family is now worth $186.3 billion, just ahead of Bezos who’s worth $186 billion. Mr. Bernard Arnault remained there until 1984, when he undertook the reorganization of the Financière Agache holding company. Elon Musk is currently ranked number three on the list. He returned the group to profitability as he embarked upon a strategy of developing the world’s leading luxury products company. Born to an industrial family in Roubaix, France on March 5, 1949, Mr. Arnault attended the Roubaix lycée and the Faidherbe lycée in Lille. Best of Robb Report Arnault has been in the luxury goods business since 1984, when he became the CEO of a luxury goods holding company Financiere Agache. Read More; Karan. The French billionaire is the third richest person in the world, behind Bill Gates and Jeff Bezos. Louis Vuitton: Louis Vuitton was one of the first acquisitions LVMH made, when the group was first … French businessman and CEO of the world’s largest luxury-products company, LVMH. *FREE* shipping on qualifying offers. Chesnot/Getty ImagesBernard Arnault is the chairman and CEO of LVMH, the world's largest maker of luxury goods.Bernard Arnault is the richest person in Europe, This is the first time that Arnault, 71, has become the richest man in the world. Bernard Arnault has spent about 440 million euros ($538 million) in recent months acquiring shares of the world’s largest luxury-goods maker, a sign of … Bernard Arnault abruptly put $16 billion purchase on ice. French entrepreneur Bernard Arnault currently has a net worth of $106.6 billion, putting him just behind Jeff Bezos, who is valued at 110.3 billion. Tiffany & Co's new owner, Bernard Arnault (left), who is currently the third richest man on earth, is on track to become the wealthiest man in the world, … Mr. Arnault is the Chairman and CEO of the company since that date. Born in 1949 in France, Arnault is one of the richest people in … In 1984 Arnault bought the failing Agache-Willot-Boussac for $15M. One of Ledger’s flagship products is the Nano X, a wallet for storing cryptocurrencies. LVMH owns Christian Dior, Louis Vuitton, Marc Jacobs, and 11 other luxury fashion brands. Kering owns Alexander McQueen, Balenciaga, Saint Laurent, and 16 other luxury and sportswear brands. he did sell some of the assets of the latter but retained Le Bon Marche, incorporating it into the LVMH group in 1987. According to FamousDetails, he was born in the Year of the Ox. Later, he inherited the civil engineering company called Ferret-Savinel from his father-in-law. Arnault, who owns 47% of the company’s shares with his family, is now worth $102 billion, $68 billion more than he was in 2016. February 15 2021, 12:56 PM February 16 2021, 9:54 AM. Bernard Arnault, (born March 5, 1949, Roubaix, France), French businessman best known as the chairman and CEO of the French conglomerate LVMH Moët Hennessy Louis Vuitton SA, the largest luxury-products company in the world.. Arnault graduated from the École Polytechnique in Paris with a degree in engineering. Best of Robb Report Les Echos newspaper reported on Saturday that his stake could also be increased to 14%. So, considering the impressive accomplishments of this visionary tastemaker, we intend to unravel how this legend […] Artisans work in a room bathed in natural light in this image from 1902. Arnault’s business acumen and awe-inspiring financial achievements are worthy of attention. https://www.foxbusiness.com/lifestyle/who-is-bernard-arnault Bernard Arnault biography. Bernard Arnault has served as Chairman and Chief Executive Officer, Member of the Executive Committee of LVMH Moet Hennessy Louis Vuitton SE since January 1989. LVMH, which stands for Louis Vuitton Moet Hennesy, is a powerhouse luxury goods company that includes major brands like Christian Dior, Givenchy, Celine, Bulgari, and … France’s richest man built empire through high-stake takeovers. 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