Formerly held by Elon Musk, Bernard Arnault has now surpassed him as the world’s wealthiest individual. Bernard Arnault, a French business magnate, is now the wealthiest person in the world, surpassing Elon Musk, the owner of Twitter and Tesla. French businessman Bernard Arnault has held the position of CEO/Chairman of LVMH since 1989. Find out more about Bernard Arnault, his businesses, and his fortune, right here.
He has consistently ranked in the top three of the world’s wealthiest individuals. It has been reported of him over the last two decades that he has consistently ranked among the world’s wealthiest individuals. To that end, this article will include the following information on Bernard Arnault: Biography, Career, Age, Height, Family, and Richest Man as of 2023.
Who Is Bernard Arnault?
Bernard Arnault was born on March 5, 1949, to a family with industrial roots in Roubaix, France. After graduating from the École Polytechnique in Paris, he started his career in the construction industry as an engineer for his family’s business, Ferret-Savinel. Berard Arnault is LVMH’s co-founder and current chairman.
The Louis Vuitton brand, which this firm produces, is synonymous with high-end fashion and accessories. He joined the Ferret-Savinel construction firm as an engineer after graduating from the Ecole Polytechnique. He has five children from his two marriages. Bernard Jean Etienne Arnault, 73, avoids the public eye and social media like the plague.
Bernard Arnault Net Worth In 2023
He tops Forbes’ list of the wealthiest people in the world. Updated information shows that Bernard Arnault will have a net worth of $220,4 billion in 2023. LVMH, the biggest luxury goods firm in the world, is headed by Bernard Arnault.
The Louis Vuitton Mot Hennessy luxury conglomerate is 47.5% owned by Bernard Arnault and his family, who also control over 70 other businesses. LVMH is not only the biggest luxury goods corporation in the world, but also the largest in France.
Christian Dior, Fendi, Marc Jacobs, Sephora, Tag Heuer, Bulgari, and Tiffany & Co. are just a few of the names that fall under this category. Wine, champagne, alcohol, clothing, leather goods, timepieces, jewelry, cosmetics, and perfume are just a few of the many things that Bernard Arnault sells through his firm. They operate perhaps about 6,000 shops globally.
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The World’s Wealthiest Man: Bernard Arnault
American entrepreneur Elon Musk has fallen off Forbes’ newest list of the world’s wealthiest people. And someone nobody knows anything about has taken his position. Forbes and the Bloomberg Billionaire Index now rank French billionaire Bernard Arnault as the world’s wealthiest individual.
The luxury goods business considers Bernard Arnault to be the “Godfather.” He also serves as the CEO and Chairman of LVMH – Louis Vuitton SE, the biggest luxury goods firm in the world.
A Look At Bernard Arnault Career
After graduating from the École Polytechnique in Paris, Bernard Jean Etienee Arnault started his work as an engineer at the Ferret-Savinel construction firm, which belonged to his family. After several years with the firm, he and his whole prover made the move to the United States in 1981.
Later in 1984, he purchased the insolvent French textile business Boussac Saint-Frères from French luxury designer Christian Dior. He entered the high-end market for the first time with this.
After a few years at the helm of Saint-Frères, he sold the bulk of the firm and used the proceeds to purchase a sizable stake in the newly merged Louis Vuitton and Mot Hennessy (LVMH). Getting a return on investment was his priority when he bought these stocks. Bernard Arnault has been the chairman and chief executive officer of LVMH since 1989 when he also became the company’s biggest shareholder.
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