Bernard Arnault is a businessman from France who serves as the chief executive officer of LVMH. He is also an art collector and investor and is the richest man from Europe. His company is the largest luxury good company in the world. To know more about the net worth of Bernard Arnault in 2018, read the following article.
Early Life & Biography
Bernard Jean Étienne Arnault was born in March 1949, in Roubaix, France. He is the son of Jean Leon Arnault who owned the civil engineering company called Ferret-Savinel.
He completed his schooling from Lycée Maxence Van Der Meersch. Following that, he went to Palaiseau’s École Polytechnique and received a degree in engineering in 1971. He was highly ambitious from an early age and soon went on to join the company of his father.
In 1973, Bernard Arnault got married to Anne Dewavrin. They are the parents of Delphine and Antoine. The couple divorced in 1990. In 1991, he got married to Helene Mercier, who is a pianist from Canada. They have three sons, named Jean, Frederic, and Alexandre. Most of his children are associated with his brand. In 2013, he requested for Belgian nationality and decided to settle in Belgium.
Career, Award & Nominations
After joining his father’s company, Bernard Arnault convinced his father to focus on real estate in 1976. This led to the formation of a new company called ‘Férinel’. In 1977, he became the CEO of the company and was later named as its president. In 1984, he acquired the luxury goods company Financière Agache. Later, he became the CEO and acquired Boussac Saint-Frères.
Arnault sold most of the assets of the company and only kept the brand Christian Dior. Following that, he went on to create, another luxury goods company LMVH. He currently serves as the CEO and chairman of the company. In 1988, he took control of Celine. This was followed by acquiring La Tribune, Kenzo, and Berluti.
In 2014, Arnault received the David Rockefeller Award. He has received the Grand Officer of the Légion d’Honneur and has also received the Order of the British Empire. In 2011, he received the Woodrow Wilson Award. His company has also bought many other firms like Guerlain, Loewe, Marc Jacobs, Sephora, and constructed the LVMH Tower.
Net Worth & Earnings
Imagine the net worth of a man who is the richest man in Europe. He is also the fourth richest person in the world and has got a net worth of over $88 billion. He has received many honors and is the richest person in the line of fashion. His brand has also integrated into various groups like Thomas Pink, DKNY, Fendi, and Emilio Pucci. He has invested in many other companies like Zebank, Boo.com, and LibertySurf. In 2008, he bought Princess Yachts for €253 million. He is the owner of Cistern Key (Indigo Island).
Bernard Arnault is a very powerful name in the world of fashion. The Frenchman today has become one of the richest persons in the world. He is also an art collector and was the owner of Phillips de Pury & Company.