Bernard Arnault is a French billionaire entrepreneur who has a net worth of $188 billion as of 25th September 2023 according to Forbes. He is also considered one of the richest families in the world.
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Bernard Arnault’s life and career
Bernard Arnault is a French businessman and investor who is best known as the chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, the world’s largest luxury goods company. He was born on March 5, 1949, in Roubaix, France, and grew up in a family that owned a civil engineering company.
Arnault graduated from the École Polytechnique in 1971 with a degree in engineering, and then went on to attend the École des Mines de Paris, where he earned a degree in economics. He began his career working for his family’s company, and then went on to work for a number of other firms before acquiring the bankrupt textile company Boussac Saint-Frères in 1984.
Arnault used Boussac Saint-Frères as a platform to build his empire, and over the next few years, he acquired a number of other companies in the fashion, luxury goods, and retail industries. In 1987, he became the CEO of LVMH, which was created by the merger of two major French luxury goods companies, Moët Hennessy and Louis Vuitton.
Under Arnault’s leadership, LVMH grew rapidly and became a major force in the luxury goods market. Today, the company owns a number of prestigious brands, including Louis Vuitton, Dior, Givenchy, Fendi, Bulgari, and many others. Arnault has been credited with transforming the luxury goods industry and bringing it into the modern era.
In addition to his work at LVMH, Arnault has also been involved in a number of other ventures over the years. He has invested in a range of industries, including technology, media, and real estate, and has been a major player in the French business world for decades.
Arnault is also known for his philanthropic work. He has donated millions of euros to various causes over the years, including the restoration of the historic Château de Versailles and the creation of the Fondation Louis Vuitton, a contemporary art museum in Paris.
As of 2023, Arnault was one of the richest people in the world, with a net worth of around $188 billion.
References:
- Bernard Arnault & family (forbes.com)
- Bernard Arnault | Biography, Company, & Facts | Britannica
- Bernard Arnault – Wikipedia
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