Bernard Arnault Bio, Age, Career, Wife, Children

Quick Facts of Bernard Arnault

Net Worth$16.7 billion
SalaryNot Known
Height6 ft 1 in
Date of Birth5 March, 1949
ProfessionEntrepreneurs

Bernard Arnault is a professional name for Bernard Jean Etienne Arnault, a French businessman, investor, and art collector. He is best known as the chairman and CEO of LVMH Moet Hennessy Louis Vuitton SE, the world’s largest luxury goods corporation. He is frequently included among the world’s wealthiest individuals and has held the title of richest person.

As of December 13, 2021, he is the third-richest person in the world, with an estimated net worth of US$189.1 billion. He temporarily overtook Jeff Bezos as the world’s wealthiest person.

Bernard Arnault’s Bio, Age, Parents, Education

Bernard Arnault, actual name Bernard Jean Etienne Arnault, was born in Roubaix, France, on March 5, 1949. He was born in France and comes from a French-white ethnic background. Similarly, he adheres to the Christian faith. Bernard turned 72 years old in 2021, and his zodiac sign is Pisces, according to his birthdate.

As a result, his race is white. Marie-Josephe Savinel, Etienne Savinel’s daughter, had a “fascination with Dior.” His father, the civil engineering firm Ferret-Savinel, was a graduate of Ecole Centrale Paris and controlled the company. Dominique Watine-Arnault, his sister, is his only sibling.

Bernard attended the Lycee Maxence Van Der Meersch in Roubaix and the Lycee Faidherbe in Lille for his schooling. In 1971, he graduated from the Ecole Polytechnique, France’s top engineering school, and joined his father’s firm.

Bernard Arnault’s Height

Bernard Arnault is 6 ft 1 in or 185.5 cm tall and his body weighs around 78 kg or 172 lbs. He has good-looking gray hair and blue eyes color. His short-cropped, side-parted hair and clean-shaven look have attracted a lot of people to him. Furthermore, Bernard’s body build type is average.

Career

Bernard Arnault began his career in 1971 at Ferret-Savinel, where he served as president from 1978 to 1984 before joining Financiere Agache and winning the Boussac Saint-Freres bidding battle. By 1987, the company had returned to profitability, earning $112 million on a $1.9 billion dollar revenue stream.

In July 1988, he invested $1.5 billion in a holding company with Guinness that owned 24 percent of LVMH’s shares, and he also paid $600 million to purchase another 13.5 percent, making him the business’s largest stakeholder.

In January 1989, he paid another $500 million to take control of 43.5 percent of LVMH’s shares and 35 percent of its voting rights, and on the 13th of January the following year, he was overwhelmingly elected chairman of the executive management board.

Then, with Swiss luxury powerhouse Richemont and French-based Kering, he guided the firm through an ambitious expansion strategy, developing it into one of the world’s leading luxury companies.

Annual sales and profit climbed by a factor of five in eleven years, while LVMH’s market value increased by a factor of fifteen.

On March 7, 2011, he announced the purchase of 50.4 percent of Bulgari’s family-held shares, with the intention of making a tender offer for the remaining publicly owned shares.

The deal was valued at $5.2 billion. In 2011, he invested $640 million in LCapitalAsia, and in February 2014, he formed a joint venture with the Italian fashion house, Marco De Vincenzo, taking a minority of 45 percent ownership in the company.

In November 2019, Arnault intended to buy Tiffany & Co. for around $16.2 billion, with the purchase scheduled to finish by June 2020. In September 2020, LVMH said that the merger would not go through and that the agreement was “void” due to Tiffany’s handling of the firm during the COVID-19 epidemic.

Tiffany thereafter sued LVMH, requesting that the court order the purchase or award damages against the defendant; LVMH prepared to countersue, arguing that the purchase agreement was voided due to mismanagement.

Who is Bernard Arnault’s Wife?

Bernard Arnault is a businessman who is married. Helene Mercier and he married in 1991. Mercier is a concert pianist from Canada. Alexandre, Frederic, and Jean are their three children.

Helene Mercier and Bernard Arnault are presently residing in Paris. Bernard was previously married to Anne Dewavrin, with whom he had two children, Delphine and Antoine, in 1973. They eventually split up in 1990.

Delphine, Antoine, Alexandre, and Frederic, as well as his niece Stephanie Watine Arnault, all have formal responsibilities in brands held by Arnault.

Xavier Niel, a French wealthy businessman working in the telecommunications and technology industries, has been Arnault’s daughter Delphine’s companion since 2010. Bernard’s sexual orientation is that of a heterosexual man.

Bernard Arnault’s Net Worth

Bernard Arnault is a successful businessman with a net worth of $167 billion in 2022. Bernard Arnault’s total salary at LVMH Moet Hennessy Louis Vuitton SE is $3,470,000 as Chairman and Chief Executive Officer and Member of the Executive Committee of LVMH Moet Hennessy Louis Vuitton SE.

In December 2019, Arnault temporarily overtook Jeff Bezos as the world’s richest person. In January 2020, he briefly became the world’s wealthiest individual, then in August 2021, he did the same.

His net worth is estimated to be $181 billion by Forbes. Bernard’s fortune shrank by $30 billion during the COVID-19 epidemic, as sales of luxury products fell. He reclaimed the title of the world’s wealthiest man on August 5, 2021, when his net worth climbed to $198.4 billion.

Also Read: Top 10 Richest People in the world with full biography and details.