Bernard Arnault Bio, Age, Parents, Wife, Children, Net Worth

Bernard Arnault Bio, Age, Parents, Wife, Children, Net Worth – Bernard Arnault is a business magnate, investor, and art collector from France.

He is the co-founder, chairman, and CEO of the world’s largest luxury goods company, LVMH Mot Hennessy – Louis Vuitton SE.

According to Forbes, Bernard Arnault and his family have a net worth of US$186.5 billion as of December 2022, making him the world’s richest person.

Arnault stated in October 2022 that LVMH sold its private jet after a Twitter user began tracking its flights, and that he instead began renting private aircraft for his personal and business flights. The plane was a Bombardier Global 7500 with the registration F-GVMA.

Arnault backed Emmanuel Macron in the second round of the French presidential election in 2017. Brigitte Macron was Arnault’s French teacher at the Lycée Saint-Louis-de-Gonzague when his sons Frédéric and Jean were students.

Bernard Arnault Biography

Lycée Maxence Van Der Meersch in Roubaix and Lycée Faidherbe in Lille were where Bernard Arnault received his education.

He completed his studies at France’s top engineering school, the École Polytechnique, in 1971, and then started working for his father’s business. Three years later, Ferret-Savinel sold its industrial construction division and changed its name to Ferinel after persuading his father to focus the business’ attention on real estate.

The business renamed the real estate division to the George V Group after acquiring a textile firm and moving their headquarters.

Later, the real estate holdings were sold to Compagniej Générale des Eaux (CGE), which later changed its name to Nexity.

In 1971, he began working for Ferret-Savinel, where he later held the position of president from 1978 to 1984.

In 1984, Arnault, a young real estate developer, learned that the French government was about to choose a leader for the Boussac Saint-Frères empire, a textile and retail conglomerate that owned Christian Dior.

In the 1980s, Arnault developed the idea of combining luxury brands. He worked with Mot Hennessy CEO Alain Chevalier and Louis Vuitton President Henry Racamier to establish LVMH in 1987.

After acquiring 50.4% of the family-owned shares of the Italian jewelry company Bulgari, Arnault declared on March 7, 2011, his intention to launch a tender offer for the remaining shares that were held by the general public.

Arnault served on the Malaysian 1MDB fund’s Board of Advisors from 2010 to 2013.

Together with entrepreneur Albert Frère, he bought Château Cheval Blanc in 1998 for personal use. Arnault’s share was purchased by LVMH in 2009[46] to complement the company’s other winery, Château d’Yquem.

Through his holding company Europatweb, Arnault made investments in a number of web-based businesses between 1998 and 2001, including Boo.com, Libertysurf, and Zebank. In 1999, Groupe Arnault also made a purchase from Netflix.

In 2007, Blue Capital reported that Arnault jointly owned 10.69% of Carrefour, the second-largest food distributor in the world and the largest supermarket chain in France, with the California real estate company Colony Capital. He started in the yacht industry in 2008 and paid 253 million euros for Princess Yachts.

Arnault’s collection includes works by Picasso, Yves Klein, Henry Moore, and Andy Warhol. He also contributed significantly to LVMH becoming a well-known art patron in France.

The LVMH Young Fashion Designer competition was created as an international event for university students majoring in fine arts. The winner every year also gets a year of mentoring in addition to a grant to help them start their own label.

From 1999 to 2003, he ran the art auction house Phillips de Pury & Company after purchasing Tajan, the first French auctioneer. Arnault began the construction of the Louis Vuitton Foundation in 2006. The building was designed by Frank Gehry and is devoted to creation and contemporary art.

Bernard Arnault Age

He was born on March 5, 1949, so as of the year 2022, his age was 73 years.

Bernard Arnault Parents

He was born to Marie-Josèphe Savinel and Jean Léon Arnault.

Bernard Arnault Wife

He has been married twice. His first wife is Anne Dewavrin, and they married from 1973 to 1990. Hélène Mercier happens to be his second wife and they have been married since 1991.