Bernard Arnault Net Worth 2023: Elon Musk is no longer the richest person in the world because Bernard Arnault has taken that title away from him. Elon Musk, who owns Twitter and Tesla, is no longer the richest person in the world. Instead, it is French business magnate Bernard Arnault. Since 1989, Bernard Arnault has been the CEO and Chairman of LVMH. He is a French businessman. Here, we’ll find out who Bernard Arnault is, what he does for a living, and how much money he has.
Every time, he has been one of the richest people in the world, he has been first, second, or third. People say that he has been one of the richest people in the world for the last twenty years. So, on this page, we will learn about Bernard Arnault Net Worth in 2023 – Bio, Career, Age, Height, Family, and Richest Man.
Who Exactly is Bernard Arnault?
Bernard Arnault was born on March 5, 1949, in Roubaix, France. He was born into a family of business people. He went to the Ecole Polytechnique in Paris to study engineering. After that, he started working as an engineer at the construction company his family owned, Ferret-Savinel. When people talk about Bernard Arnault, they say that he is the co-founder and chairman of LVMH.
This company makes high-end products with the Louis Vuitton brand, which is a high-end brand. After going to school at Ecole Polytechnique, he started working as an engineer for the building company Ferret-Savinel. He has 5 children from his two marriages. The 73-year-old Bernard Jean Etienne Arnault is rarely seen in public and doesn’t use social media.
The Net Worth of Bernard Arnault in 2023
Forbes says that he has more money than anyone else in the world. Real-time information says that Bernard Arnault’s net worth in 2023 will be $220,4 billion. The CEO of LVMH, the biggest luxury goods company in the world, is Bernard Arnault. 47.5 percent of Louis Vuitton Mot Hennessy is owned by Bernard Arnault and his family. This luxury house owns over 70 brands. LVMH is the largest luxury goods company in the world and is based in France. It has more than 60 subsidiaries.
Brands like Christian Dior, Fendi, Marc Jacobs, Sephora, Tag Heuer, Bulgari, and Tiffany & Co. are among these. The business run by Bernard Arnault sells wine, champagne, spirits, fashion and leather goods, watches, jewellery, perfumes, and cosmetics. Around 6000 stores are open all over the world.
Career of Bernard Arnault
Bernard Jean Etiennee Arnault went to the Ecole Polytechnique in Paris to study engineering. He then started his career as an engineer at Ferret-Savinel, the construction company his family owned. After working for this company for a long time, he moved to America with his whole family in 1981. Later in 1984, he bought the bankrupt French textile group Boussac Saint-Frères, which had been run by French high-end designer Christian Dior. This was his first step into the world of high-end goods.
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After a few years of running Saint-Frères, he sold most of it and used the money to buy most of the shares in LVMH, the new company that was made when Louis Vuitton and Mot Hennessy merged. At that time, his main goal was to make money from these shares. In 1989, Bernard Arnault bought the most shares of LVMH. Since then, he has been the company’s chairman and chief executive officer.
The Family and Personal Life of Bernard Arnault
Bernard Jean Etienee Arnault married Anne Dewavrin in 1973. They were lucky to have two kids, Antoine and Delphine, but in 1990 they broke up. Then, in 1991, Bernard Arnault married Helene Mercier. They have three children, Alexandre, Jean, and Frederic. Alexandre is the EVP of Tiffany & Co., Frederic is the CEO of TAG Heuer, and Jean is the director of marketing and development at Louis Vuitton.
Bernard Arnault- World’s Richest Man
Forbes’s most recent list says that American businessman Elon Musk is no longer the richest person in the world. And someone who doesn’t know much about him has taken his place. Forbes and the Bloomberg Billionaire Index say that Bernard Arnault, a French businessman, is now the richest person in the world.
Bernard Arnault, Chairman and CEO of #LVMH: “The 2014 results confirm our ability to progress despite economic and currency uncertainty.”
— LVMH (@LVMH) February 3, 2015
People also call Bernard Arnault the “God Father of the Luxury Industry.” He is also the Chairman (Owner) and Chief Executive Officer (CEO) of LVMH – Louis Vuitton SE, the largest luxury goods company in the world.
Frequently Asked Questions
Who Does Bernard Arnault Own?
Bernard Arnault is a French businessman who was born on March 5, 1949, in Roubaix. He is best known as the chairman and CEO of the French conglomerate LVMH Mot Hennessy Louis Vuitton SA, which is the world’s largest luxury goods company.
Is Gucci Owned by Bernard Arnault?
1999: Gucci Group – On January 6, 1999, it was made public that LVMH had bought 5% of Gucci. Bernard Arnault, the head of LVMH, was adamant that it was a passive stake and that he planned to let Gucci stay independent.