Bernard Arnault Biography and Wiki
Bernard Jean Étienne Arnault professionally known as Bernard Arnault is a French investor, business magnate, and art collector who is currently the chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, LVMH, which is the world’s largest luxury-goods company.
In April 2018, Arnault became the richest person in fashion, toppling Zara’s Amancio Ortega. He is also the richest person in Europe and the second richest person on the planet, with a net worth of US$177 billion as of January 2020.
Bernard Arnault Age and Birthday
Bernard Arnault was born on March 5, 1948, in Roubaix, France. He celebrates his birthday on March 5th every year. Arnault turns 72 years old in 2020.
Bernard Arnault Height and Weight
Arnault is a man of average. He stands at a height of 6 feet 0 inches (1.85 m) and weighs a massive 176.37 lbs (80 kgs).
Bernard Arnault Education
Arnault is a highly educated and qualified person. He graduated from the Lycée Maxence Van Der Meersch in Roubaix. Later, he was admitted to the École Polytechnique in Palaiseau, from which he graduated with an M.Sc, degree in 1971.
Bernard Arnault Family
Arnault is the son (father) Jean Leon Arnault, a graduate of École Centrale Paris was a manufacturer and the owner of the civil engineering company, Ferret-Savinel and his (mother) Marie-Josèphe Savinel.
Bernard Arnault Wife
On September 23, 1991, Arnault married a Canadian Pianist Hélène Mercier, whom he met with friends in October 1990. They have three sons: Alexandre, Frédéric and Jean, who also practice music, like their father and mother. Previously, Arnault was married to Anne Dewavrin in the year 1973. They were blessed with two children: Delphine and Antoine but the couple later divorced in 1990.
Bernard Arnault Children
Arnault’s children include Delphine, Antoine, Alexandre, Frédéric, and Jean all have official roles in brands constrained by Arnault along with his niece Stephanie Watine Arnault.
He has a beautiful daughter named Delphine Arnault who is the director, businesswoman and executive vice president of Louis Vuitton.
Bernard Arnault Son
He has three sons Alexandre, Frederic and Antoine Arnault.
Bernard Arnault Facts and Body Measurements
Here are some interesting facts you don’t want to miss about Arnault.
- Full Name: Bernard Jean Étienne Arnault.
- Age/ How Old?: 72 years old as of 2020.
- Date of Birth: March 5, 1948.
- Place of Birth: Roubaix, France.
- Education: Lycée Maxence Van Der Meersch and École Polytechnique.
- Birthday: March 5th.
- Nationality: French.
- Father’s Name: Jean Leon Arnault.
- Mother’s Name: Marie-Josèphe Savinel.
- Siblings: To be updated.
- Married?: Yes, he is married to Hélène Mercier.
- Children/ Kids: Five.
- Height/ How tall?: 1.85 meters.
- Weight: 80 kgs.
- Profession: Business magnate, Industrialist, Entrepreneur and Art collector.
- Net worth: US$177 billion.
Bernard Arnault LVMH
In 1987, shortly after the creation of LVMH, the brand new luxury group resulting from the merger between two companies, Arnault mediated a conflict between Alain Chevalier, Moët Hennessy’s CEO, and Henri Racamier, president of Louis Vuitton. The new group held property rights to Dior perfumes that Arnault believed should be incorporated into Dior Couture.
In July 1988, Arnault provided $1.5 billion to form a holding company with Guinness that held 24% of LVMH’s shares. In response to rumors that the Louis Vuitton group was buying LVMH’s stock to form a “blocking minority”, Arnault spent $600 million to buy 13.5% more of LVMH, making him LVMH’s first shareholder. In January 1989, he spent another $500 million to gain control of a total of 43.5% of LVMH and 35% of voting rights, thus reaching the “blocking minority” that he needed to stop the dismantlement of the LVMH group. On 13 January 1989, he was unanimously elected chairman of the executive management board.
Since then, Arnault led the company through an ambitious development plan, transforming it into one of the largest luxury groups in the world, alongside Swiss luxury giant Richemont and French-based Kering. In eleven years, the market value of LVMH has multiplied by at least fifteen, while, simultaneously, the sales and profit rose by 500%. He promoted decisions toward decentralizing the group’s brands. As a result of these measures, the brands are now viewed as independent firms with their own history.
Arnault’s professional decisions support the idea that LVMH has “shared advantages” such as having strong brands that help finance those that are still developing. The portfolio of major luxury brands has a history of stability, and thus its solidity allows for new acquisitions and group development. It is because of this strategy that Christian Lacroix could open his own fashion house.
In July 1988, Arnault acquired Céline. In 1993, LVMH acquired Berluti and Kenzo. In the same year, Arnault bought out the French economic newspaper La Tribune. The company never achieved the desired success, despite his 150 million euro investment, and he sold it in November 2007 in order to buy a different French economic newspaper, Les Échos, for 240 million euros.
In 1994, LVMH acquired the perfume firm Guerlain. In 1996, Arnault bought out Loewe, followed by Marc Jacobs and Sephora in 1997. These brands were also integrated into the group: Thomas Pink in 1999, Emilio Pucci in 2000 and Fendi, DKNY and La Samaritaine in 2001.
In the 1990s, Arnault decided to develop a center in New York to manage LVMH’s presence in the United States. He chose Christian de Portzamparc to supervise this project. The result was the LVMH Tower that opened in December 1999.
Bernard Arnault Salary
According to our reliable sources, Arnault’s annual salary ranges £561,402 per month.
Bernard Arnault Net Worth
Arnault has an estimated net worth of US$177 billion which he has earned through his successful career as an entrepreneur, investor, art collector, and media proprietor.
Bernard Arnault Maison
Bernard Arnault Fortune
The world’s third-richest man, 70, saw his $104 billion personal fortune slip by an estimated $1.6 billion after the U.S. Trade Representative announced tariffs of up to 100% on luxury French manufacturers, including LVMH-owned fashion houses Bulgari, Christian Dior, and Louis Vuitton and Champagne-maker Moët & Chandon.
Bernard Arnault Forbes
According to the annual ranking of Forbes magazine, Bernard Arnault is now the second richest man on the planet, with a fortune estimated at more than US$177 billion.
Bernard Arnault Yacht
Arnault claimed the 70 m (230 ft) changed over research vessel Amadeus, which was sold in late 2015. His current 101.5 m (333 ft) yacht Symphony was worked in the Netherlands by Feadship.
Bernard Arnault Jean Arnault
Jean Leon Arnault was the father of Bernard Arnault. His father was a graduate of École Centrale Paris, was a manufacturer and the owner of the civil engineering company, Ferret-Savinel.
Bernard Arnault Religion
Bernard Arnault comes from the Jewish religion.
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Bernard Arnault Charity
His family pledged €200 million to help repair the Notre-Dame cathedral after a fire, said a statement issued on behalf of Arnault.
Bernard Arnault Address
- 22 Avenue Montaigne Paris, 75008 France
Bernard Arnault Quotes
- What made Louis Vuitton famous was the quality. We don’t do marketing; we just create products that are exceptional in their design and craftsmanship.
- Money is just a consequence. I always say to my team, ‘Don’t worry too much about profitability. If you do your job well, the profitability will come.’
- In the luxury business, you have to build on heritage.
- What I love is to win. What I love is being number one.
- Once we decided to do a tower in New York, it had to say something about our group, reflecting the mix of modernity and creativity in our organization. It’s a symbol.
- When I took over Louis Vuitton, everyone said, ‘It’s already so big – what more can you do?’ And since then, we’ve multiplied that success tenfold.
Frequently Asked Questions About Bernard Arnault
Who is Bernard Arnault?
He is a famous French investor, business magnate, and art collector who is currently the chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, LVMH, which is the world’s largest luxury-goods company.
How old is Bernard Arnault?
He is a French national born on 5th March 1949, in Roubaix.
How tall is Bernard Arnault?
He stands at a height of 1.85m tall.
Is Bernard Arnault married?
Yes, he is married to a Canadian Pianist Hélène Mercier, whom he met with friends in October 1990. They have three sons: Alexandre, Frédéric and Jean, who also practice music, like their father and mother.
How much is Bernard Arnault worth?
He has an approximate net worth of US$177 billion. This amount has been accrued from his leading roles in the business industry.
How much does Bernard Arnault make?
According to our reliable sources, Arnault’s annual salary ranges £561,402 per month.
Where does Arnault live?
He is a resident of Paris, France.
Is Arnault dead or alive?
He is alive and in good health. There have been no reports of him being sick or having any health-related issues.
Where is Arnault Now?
Arnault is pursuing his career in business. Currently, he is the chairman and chief executive of LVMH Moët Hennessy – Louis Vuitton SE, LVMH, the world’s largest luxury-goods company.
Bernard Arnault Twitter
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