Bernard Arnault net worth is $155 billion According to Forbes Magazine. He is one of the richest men in the world.
|Net Worth||$155 billion|
|Source of wealth||Businessman and art collector|
|Date of Birth||5th March 1949|
|Country of Residence||France|
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 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.
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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