Bernard Arnault Biography | Who Is Bernard Arnault
Bernard Arnault born Bernard Jean Étienne Arnault, is a French business magnate, an investor, and an art collector. Arnault is the chairman and chief executive officer (CEO) of LVMH, the world’s largest luxury-goods company.
He is the richest person in Europe and the fourth richest person in the world according to Forbes magazine, with a net worth of $84.6 billion, as of September 2018. In April 2018, he also became the richest person in fashion, toppling Zara’s Amancio Ortega.
Bernard Arnault Age
He was born on 5 March 1949 in Roubaix, France. He is 70 years old as of 2019.
Bernard Arnault Fortune
He has an estimated fortune of 76.6 billion USD.
Bernard Arnault Spouse | Femme
He was married to Anne Dewavrin in 1973 and later divorced in 1990. He then married Hélène Mercier in 1991.
Bernard Arnault Net Worth
He has an estimated net worth of 71.4 billion USD
Bernard Arnault Sons | Fils
He has three sons. They are Antoine Arnault, Frederic Arnault, and Alexandre Arnault.
Bernard Arnault Maison | Bernard Arnault House
Bernard Arnault Cancer
According to the information given, Bernard is healthy and his cancer statement was all but a scam. This information will soon be updated.
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 Et Sa Femme | Femme De Bernard Arnault | Bernard Arnault Anne Dewavrin | Bernard Arnault Wife | Bernard Arnault Children | Bernard Arnault Hélène Mercier | Bernard Arnault Family
He has been married twice and has a daughter and four sons. He was married to Anne Dewavrin from 1973 to 1990, and the couple has a daughter Delphine and a son Antoine. Arnault married his second wife, Hélène Mercier-Arnault, a Canadian pianist from Quebec, in 1991.
The couple have three sons, Alexandre, Frédéric, and Jean. Delphine, Antoine, Alexandre, and Frédéric all have official roles in brands controlled by Arnault along with his niece Stephanie Watine Arnault.
Bernard Arnault Yacht | Yacht Bernard Arnault
Bernard Arnault LVMH | LVMH Bernard Arnault
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 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 having the 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.
Salaire Bernard Arnault | Bernard Arnault Salaire
He earns a monthly salary of 662 431,50 €
Bernard Arnault Antoine Arnault
Antoine and Bernard are business partners who helped grow their business and get a position in society.
Bernard Arnault Enfants | Bernard Arnault Daughter
He has four children; three sons and one daughter. His children are Antoine Arnault, Frederic Arnault, Alexandre Arnault and Delphine Arnault.
Bernard Arnault Forbes
He has an estimated net worth of $107 billion dollars and is now the second worlds richest person.
Bernard Arnault Carrefour
It is to be congratulated the radio and TV that, this weekend, have devoted many reports to strike movements at Carrefour without even mentioning the name of its key shareholder, the wealthy Bernard Arnault (1). A feat all the more remarkable that the current situation of the distributor owes much to the management of said Arnault.
In 2007, along with the Colony investment fund, the luxury billionaire launches a raid on Carrefour and pays the action 53 euros. But, little by little, the value of the title starts to fall. In 2011, in an attempt to regain its position, Arnault required the sale of 800 stores under the Dia brand that owns Carrefour, and which provide 12% of its turnover. Three years later, Carrefour bought the same Dia stores for 650 million euros. With the key, thanks to an operation complex exchange of shares, a superb added value for Colony and Arnaul. At the same time, sales of real estate are decided by the Board of Directors, which further improves earnings per share.
According to the calculations of the “World” (11/2), each year, half of the profits of Carrefour went in the form of dividends in the coffers of the two main partners. Obviously, there was not much money left over for the investments of the French retail giant. Meanwhile, its competitors, Leclerc centers in the lead, stole market shares. Not to mention Amazon or Cdiscount, a subsidiary of the Casino group, who took the opportunity to take the lead in e-commerce.
Since then, Colony has given way to the mill family, owner of Galeries Lafayette. The Carrefour share which, eleven years ago, was worth 53 euros, barely reaches 16.80 euros today. The new director, Alexandre Bompard, who has just been appointed, has planned sales of stores to franchisees and has announced the departure of 2,400 employees.
But no question for the media to insist on the responsibility of Bernard Arnault in this discomfort: Carrefour and LVMH are among the largest advertising advertisers in France. That justifies some memory lapses …
According to Forbes magazine, LVMH’s discreet boss has moved from 11 th to 4 th in the rankings of the richest men. Bernard Arnault’s fortune has grown by nearly 230 billion dollars over one year. At the same time, he becomes the richest man in Europe and therefore remains the richest man in France.
Adopted from: resistanceinventerre.wordpress.com
Bernard Arnault Quotes
- What made Louis Vuitton famous was the quality. We don’t do marketing; we just create products which are exceptional in their design and craftsmanship. Bernard Arnault
- 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.’ Bernard Arnault
- In the luxury business, you have to build on heritage. Bernard Arnault
- What I love is to win. What I love is being number one. Bernard Arnault
- 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. Bernard Arnault
- 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. Bernard Arnault
Get more of his quotes on www.brainyquote.com
Bernard Arnault Classement Fortune
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 107 billion dollars. Bernard Arnault is not only a “leader of the rope”, as Emmanuel Macron affectionately nicknamed our ultra-rich.
Bernard Arnault Twitter
Bernard Arnault Instagram
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Bernard Jean Étienne Arnault untuk pertama kali menjadi orang terkaya di muka bumi setelah menggeser Bill Gates, berdasarkan Indeks Bloomberg Billionaires. _ Seperti dilansir Blooomberg.com, Kamis (18/7/2019), Arnault menggeser Bill Gates yang memiliki kekayaan bersih sekitar US$108 miliar. Sedangkan sang pendiri Microsoft kini memiliki kekayaan US$107 miliar. _ Gates tercatat memiliki kekayaan yang beragam, kekayaan bersihnya sendiri berasal dari saham Microsoft kurang dari 12,5 persen. _ Arnault adalah miliarder asal Prancis yang merupakan CEO pembuat barang mewah LVMH (LVMHF). Dia berhasil membangun LVMH menjadi pusat kekuatan global barang mewah yang mengendalikan merek-merek seperti Louis Vuitton, Christian Dior, dan Givenchy. _ Bagaimana menurutmu Sobat Bisnis? Baca berita lengkapnya di sini. _ #BeritaBisnisCom #BillGates #BernardArnault #NavigasiBisnisKu
Bernard Arnault News
CNBC Series Swings the Spotlight on Bernard Arnault
Updated on: 25 April 2018.
Family, work — and winning — are Bernard Arnault’s priorities and passions, according to a program that’s set to air Wednesday night at 10 p.m. GMT, part of the CNBC series “The Brave Ones.”
The eight-part series has focused in the past on entrepreneurs including Richard Branson, Jack Ma, and Bill McDermott, chief executive officer of SAP.
In the 30-minute segment, the LMVH Moët Hennessy Louis Vuitton ceo discusses his career, his love for his work and family, the success of his company, who his successor might be, and his desire to be a winner — always.
The segment also features interviews with Karl Lagerfeld, Vogue editor in chief Anna Wintour and Louis Vuitton CEO, Michael Burke.
“When I go [to work] in the morning I always think: ‘I will have fun today with this or this.’ I am never bored. And I am very competitive. It’s like in tennis — I always want to win. And that’s fun,” Arnault said in the interview.
He spoke about the impact of his family on business, and said he is lucky to have “fantastic children” who are interested in the family firm.
“A family business, especially in the luxury area, is key for success,” he said. “When you are in a family you have two major advantages: one is you can think long-term. Like Louis Vuitton, for instance, I am not that much interested by the numbers of the next six months. What I am interested in is that the desire for the brand will be the same in 10 years as it is today. And the second advantage to being a family business is to hire people. Because when people come to LVMH, they do not come into a group with some anonymity, they come into a family. You are not just a little person in a big thing, you are a member of the family and you will be taken care of as such.”
His son Antoine Arnault, ceo of Berluti and chairman of Loro Piana, told the program that people imagine his father in a big tower with Excel sheets.
“It’s very far from reality,” said the younger Arnault. “His real interest is his family. Of course, he is a workaholic. He works a lot and he loves it. But as you might have seen, he also has fun with it. It’s not as serious as some might think up there.”
Bernard Arnault spoke about the success of LVMH and credited the quality of the product to the craftsmen and women behind it.
“We have a large campaign of hiring young people [who] sometimes are not thinking of becoming craftsmen or craftswomen,” he said. “But once we have given them the idea, and once we train them, we have a rate of success that is nearly 90 percent. And it’s very rewarding for us to see these young people as being so proud.”
He also said he tries to think of what LVMH can bring to a brand if it is looking to buy a brand. “What can the brand be? How can it be improved?” Arnault said. “Also, does it fit with the other brands? Is it a competitor? Most of the time it is a competitor, but does it fill a niche where we can see we are not very much present, and when that happens I must say we can move.”
Arnault also addressed who might succeed him at LVMH, and said it will be the best manager. “Not because he is a member of the family. But as I said, the group as a whole is a family, and so we will choose in the family who is the best. But I think I will be there for some years.”
Talking about his longtime boss and collaborator, Lagerfeld said Arnault has a very different personal side. “In life, he is exactly the opposite of what people think he is,” Lagerfeld said. “People who don’t know him have a completely different idea of the people who know him.”
Lagerfeld also talked about when he first met Arnault. “I met him when the Fendi takeover was in the air,” he recalled. “There were other people who wanted Fendi, too, but when I met him, I said to myself, ‘This one and nobody else’ and I was right. Fendi was a kind of mess then, but he said to me ‘Be patient,’ because I was ready to go. And he said, ‘No, no be patient, you will see.’ When he took over it was a difficult job. He invested in an unbelievable way and the numbers came back the way he expected.”
Wintour described Arnault as “a fascinating man. Obviously, he’s quite hard to know,” she said. “He’s reserved, but also very direct and very clear: If there is something he wants you to be aware of, he doesn’t beat around the bushes, he’ll be very, very straightforward.”
She observed that Arnault is a very pensive person. “He’s always thinking, always thinking about the future. Not only about the iconic titles, but brands that he has. Dior was a ‘Jolie madame’ house, you know that nice French ladies wore to lunch, and it was not in any way creating fashion, making fashion. There was no excitement around it. It was very staid and very safe.”
That brand could not be more different from Sephora, the French fragrance and beauty retailer that LVMH purchased in the late Nineties. Wintour added that with Sephora, “Everyone said he was crazy,” but she thought he was “completely ahead of the game.”
She also pointed out that she and Arnault share an admiration for tennis player Roger Federer.
“I think the happiest that I have ever seen Bernard was when his children secretly arranged for him to have a match with Roger,” Wintour said.
“And I swear he showed me the video, he acted it out stroke by stroke. And then just last week he was telling me about a more recent game that they had had. And at the end of the fifth game — it was five-zero, Roger said, ‘OK, well I’m gonna play now the way I would in a Grand Slam.’ So he stepped it up and all Bernard could talk to me about was the fact that he had actually won one point.”
Burke, meanwhile, called Arnault a dreamer. “He dreams big dreams,” Burke said. “And then he has the guts to go after those dreams. Sometimes, I try to tell him the dream is too big. But…he’s always right. The dreams are never big enough.”
Adopted from: wwd.com
The man behind Dior and Louis Vuitton unseated Bill Gates as the second richest person
There are three people on the planet with fortunes greater than $100 billion. One is the world’s current richest tycoon, Jeff Bezos, founder and CEO of Amazon. Another is Bill Gates, co-founder of Microsoft, who was the world’s second-richest human—until now.
The newest claimant of the No. 2 slot, according to Bloomberg’s Billionaires Index, is the final man in the $100 billion clubs: Bernard Arnault, chairman, and CEO of LVMH.
Arnault and his families are the majority owners of Christian Dior and LVMH, parent of such brands as Louis Vuitton, Celine, Fendi, Moët, Hennessy, Dom Pérignon, and others. (Dior is now under LVMH too, but it was held separately until 2017.) As LVMH’s share price has soared this year, so has Arnault’s worth. It now stands at about $107.6 billion, more than $200 million ahead of Gates, Bloomberg estimates.
Arnault’s new ranking comes with one caveat: If not for Gates’s tremendous philanthropic giveaways, Gates would be the richest person, even ahead of Bezos. Arnault isn’t likely to complain either way.
The French entrepreneur entered the luxury industry in 1984 when he bought Boussac, a textile empire in the midst of bankruptcy that owned Dior. The famed label by then had deteriorated by licensing its name out to companies producing sub-par products. Arnault set about reviving it, turning it into a vertically integrated company that did its own production, distribution, and marketing. He would go on to buy up other brands, such as Céline, and in 1988 engineered the deal that made him the majority shareholder of LVMH.
By then he had displayed a talent for shrewd maneuvering that would assure his success, as journalist Dana Thomas detailed in her book Deluxe: How Luxury Lost its Luster. According to Thomas, Arnault was brought into LVMH by its vice-chairman, Henry Racamier, to help him in his power struggle with chairman Alain Chevalier. Arnault then secretly negotiated a bargain with Chevalier to take a controlling stake. Racamier and Arnault became entangled in a rancorous public battle dubbed the “LVMH Affair.” Arnault emerged the winner, and in 1990 Racamier resigned from the company. Thomas notes in Deluxe, “The French daily Libération called Arnault ‘the Machiavelli of finance.’”
Arnault would go on to help build the model for much of luxury today. He acquired more fashion houses, installed star designers to make headline-grabbing runways collections, and used the shows as marketing spectacles to sell the real moneymakers: bags, accessories, and perfume that attracted high-end shoppers and offered the mass market entry into the world of luxury. LVMH tightly controlled the production and distribution of its brands, and margins grew.
Forbes currently ranks Dior as the world’s largest fashion brand based on sales, profits, assets, and market value. LVMH on the whole, meanwhile, keeps attracting customers around the world, with China being the latest highly profitable frontier.
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