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Bernard Arnault Net Worth 2021

Bernard Arnault net worth
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Bernard Arnault net worth 2021 is $180 billion According to Forbes Magazine. He is one of the richest men in the world.

Net Worth$180 billion
Source of wealthBusinessman and art collector
Date of Birth5th March 1949
Country of ResidenceFrance

Bernard Arnault Net Worth 2021

  • One of the world’s ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora.
  • In November 2019, LVMH struck a deal to buy American jeweler Tiffany & Co for $16.2 billion, believed to be the biggest luxury brand acquisition ever.
  • LVMH spent $3.2 billion in 2019 for luxury hospitality group, Belmond, which owns or manages 46 hotels, trains and river cruises.
  • His father made a small fortune in construction; Arnault got his start by putting up $15 million from that business to buy Christian Dior in 1985.
  • Four of Arnault’s five children work in corners of the LVMH empire: Frédéric, Delphine, Antoine and Alexandre.

Bernard Arnault Profile

Bernard Jean Étienne Arnault was born on 5 March 1949, in Roubaix, France. His father, manufacturer Jean Léon Arnault, was a graduate of École Centrale Paris. His mother, Marie-Josèphe Savinel, had a “fascination for Dior”, and was the daughter of Étienne Savinel, who entrusted her husband with the management of his civil engineering company Ferret-Savinel in 1950, and later its ownership.

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 Ferret-Savinel later became Ferinel, and then the George V Group, before selling its real estate assets to Compagnie Générale des Eaux (CGE), and the real estate business eventually became Nexity.

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Arnault was educated at the Lycée Maxence Van Der Meersch in Roubaix, and the Lycée Faidherbe in Lille. In 1971, he graduated from the École Polytechnique, France’s leading engineering school, and began work for his father’s company.

He began his career in 1971, working for Ferret-Savinel, a company owned by his father, and was its president from 1978 to 1984

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Bernard Arnault Quotes about Success, Life and Business

Bernard Arnault is currently the third richest person in the world behind Jeff Bezos and Ellon Musk as of 2021. He is chairman and chief executive of the largest luxury goods company in the world, known as LVMH Moët Hennessy-Louis Vuitton SE. 

Bernard Arnault who is native of Roubaix, France was born on March 5,1949. He currently has a net worth of $174 billion which ranks him number 3 on World richest persons in the world. 

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What has been his motivation? What are his ideologies about business and life in general? The answers to these questions are found in our collection of Bernard Arnault’s Motivational Quotes presented in the article. 

Motivational Quotes of Bernard Arnault 

  1. “It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganized; the production process has to be very rational.” – Bernard Arnault
  1. “I like that combination between creativity and the creative process and the organization needed to make a business like this successful worldwide.” – Bernard Arnault
  1. “In the luxury business, you have to build on heritage.” – Bernard Arnault
  1. “Affordable luxury – these are two words that don’t go together.” – Bernard Arnault
  1. “Luxury goods are the only area in which it is possible to make luxury margins.” – Bernard Arnault
  1. “If you control your distribution, you control your image.” – Bernard Arnaul
  1. “I think in business, you have to learn to be patient. Maybe I’m not very patient myself. But I think that I’ve learned the most is be able to wait for something and get it when it’s the right time.” – Bernard Arnault
  1. “Louis Vuitton, the world’s biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image.” – Bernard Arnaul
  1. “If you deeply appreciate and love what creative people do and how they think, which is usually in unpredictable and irrational ways, then you can start to understand them. And finally, you can see inside their minds and DNA.” – Bernard Arnault
  1. “China is clearly going to be the number one economic power and it is already full of potential.. with lots of population and the buying power increasing by the day.” – Bernard Arnault
  1. “When something has to be done, do it! In France, we are full of good ideas, but we rarely put them into practice.” – Bernard Arnault
  1. “When I was working in my first job engineering construction, what I liked the most was working with architects and making buildings that had this creative side coming from the architect and that was making them a big success.” – Bernard Arnault
  1. “Working in the context of ultra-famous brands like Dior and Vuitton, creative spirits are always going to feel reined in. It’s important that they are free to develop ideas. And rather than detracting from the principal job, it reinforces it. I think of that money as venture capital. It’s not a big investment.” – Bernard Arnault
  1. “So my feeling is, how they are going to maintain this fantastic stability in a very fast changing economic situation. I think this is a challenge we face, how the global region will evolve instability with such fast growth.” – Bernard Arnault
  1. “Money is just a consequence. I always say to my team, ‘Don’t worry too much about profitability. If you do your job well, the profitability will come.”-Bernard Arnault 
  1. “In business, I think the most important thing is to position yourself for long-term and not be too impatient, which I am by nature, and I have to control myself.”-Bernard Arnault 
  1. “We are really very lucky to have so many fantastic brands. But to grow them we should not be too much in a hurry. They are growing fast, but they have to grow accordingly to the market and to the capacity we have to deliver good products.”-Bernard Arnault 
  1. “What made Louis Vuitton famous was the quality. We don’t do marketing; we just create products which are exceptional in their design and craftsmanship.”-Bernard Arnault 
  1. “You have to be just as mistrustful of straightforward rationality in business as you do of a uniquely gut approach.”-Bernard Arnault 
  1. “I take time to get close to, and I don’t immediately throw my arms round someone.”-Bernard Arnault 
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