Bernard Arnault net worth and their life
Bernard Arnault was born in Roubaix, France on 5 March 1949 in a business family. He is a French businessman and investor and since 1989 is the Chairman & Chief Executive Officer of the ‘LVMH Moet Hennessy Louis Vuitton’ Company and the Main Shareholder of this company. After studying high school, he studied engineering at Ecole Polytechnique in 1971. After graduation, he started working in the civil engineering ‘Ferret Savinel’ company of his father ‘Jean Leon Arnault’. Bernard Arnault net worth
Bernard Arnault net worth
And they quickly began to grow the company. In 1976, he convinced his father to sell some of the company’s stake to the company’s Construction Division Liquidate. With which he earned 40 million French Francs and used these funds in the then Booming Sector – Real Estate. He then named his company ‘Ferinel’.
Today, France’s businessman, whose net worth is 3% of France’s GDP, had to leave the country once.
After the French Socialists came to power in 1981, the Arnault Family was forcibly removed from the country and then moved to the United States. And began planning to start a family business branch in the US. In 1983, Political Scenario Change took place in France and he returned to France again.
After coming back to the country again, he started investing Heavily in Lucrative (Beneficial) Business.
At the same time, he started buying companies and became the owner of Christian Dior Brand & Le Bon Marche Department Store and in 1985 Dior became the CEO of the company. His company does the business of LVMH- Fashion & Leather Goods. The company’s revenue this year is $ 11.6 billion. Which is a 21% increase over last year’s Comparison?
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They are constantly investing –
In 1987, LVMH Company came on the market, bought a lot of shares of this company and became the first shareholder of the company. As of July 27, he holds approximately 48% shareholding of the LVMH company. These companies sell luxury items worldwide. In the 90s he bought a number of companies such as Perfume Firm Guerlain (1994), Loewe (1996), Marc Jacobs (1997), Sephora (1997) & Thomas Pink (1990). In April 2019, the company bought Luxury Hotel & Restaurant Group Belmond for $ 3.2 billion. According to Forbes’ list, their net worth is 3% of France’s GDP. He owns 75 brands of this company and has 4590 stores worldwide.
Bernard Arnault of life
Bernard Arnault is married twice. His second wife is a Pianist. He has two children from the first marriage and three from the second marriage. His daughter Louis Vuitton – is the Vice President of the LVMH Company and is also a member of the Executive Committee. Bernard Arnault net worth