In this we know about the fourth richest person of the world the chairman and CEO of LVMH Bernard Arnault. Bernard is a French businessman, investor, art collector, and magnate.
He is the chairman of the world expensive also exclusive brands of LVMH like Louis Vuitton in the field of fashion, jewelry, watches, etc. LVMH is the world’s largest luxury-goods company also the products of LVMH are used all over the world by the richest peoples like celebrities and actors or stars.
The full name of Bernard is Bernard Jean Etienne Arnault. Bernard was born on 5th March 1949 in Roubaix, France.
Childhood & college life of Bernard Arnault
He completed his primary school education in Roubaix, France after completing the high school he enrolled in Lycee Maxence Vander Meersch university Roubaix, France where he completed his graduation and after that in 1971, he admitted to Ecole Polytechnique in Palaiseau where he got the degree of engineering also with M.Sc degree.
Starting of his career
After completing the engineering from Ecole Polytechnique in Palaiseau he joined his father’s company as an engineer also worked from 1971-1976 (5 years) as an engineer. After giving 5 years to his father’s company he convinced him to join the Real Estate businesses. After that he started with a new company Ferinel and become CEO of Ferinel in 1977 also in 1979 he appointed his father as Chairman of Ferinel company.
Later on, with Antoine Bernheim he joined Financiere Agache company also he became the CEO of the company this Financiere Agache is a luxury good company. In 1988, Bernard Arnault acquired the 24% shares of LVMH a luxury and exclusive good company for 1.5 billion dollars later in 1989 he acquired the 43.5% shares of LVMH also gets 35% of voting rights in the company. On 13 January 1989 he was elected as a chairman of the LVMH by an executive of the board.
Rising of LVMH
After that LVMH company started to other luxury companies in the world like Bvlgari, Chaumet, FRED, Hublot, TAG Heuer, Tiffany & Co, and also Louis Vuitton these are top most companies which are acquired by the LVMH. Moreover after 11 years of Bernard’s work in LVMH the market value of LVMH is rise to 15 times also the profit percent is more than 500%.
LVMH is best known for his branded products in many fields like Hennessy, Moet & Chandon in Wines. An Infield of fashion and leather goods Louis Vuitton, Berluti, Celine, etc moreover in cosmetics and perfumes fresh, Kendo, Kenzo Parfums, etc. LVMH also makes the branded watches & jewelry by Zenith, Tiffany & Co, etc.
The sale of LVMH is continuously growing as well the sales of LVMH in 2006 are 15,306 million euros and in 2017 the sales increased to 42,636 million euros also the total equity of LVMH in 2017 was 30,260 which was 11,594 in 2006.
Bernard Arnault – Art collector
Bernard Arnault is also an art lover & known as Art collector he has an incredible collection which is worked by Picasso, Henry Moore, Andy Warhol, and Yves Klein. Bernard also organized the young fashion designer international competition for the student of fine art schools.
Awards to Bernard Arnault
Bernard was awarded by the David Rockefeller Award in March 2014 by the Museum of Modern Arts also by the Woodrow Wilson Award for global corporate citizenship in 2011. He was also known as Commander of Legion Honor on 10 February 2007 and Grand officer of the Legion Honor on 14 July 2011.
Personal life of Bernard
He got married to Anne Dewavrin in 1973 but their married life is not successful so he divorced Anne Dewavrin in 1990 and later on he married Helene Mercier. His children are Delphine, Alexandre, Antoine, and Frederic and their all children have official roles in brands controlled of LVMH.
Net worth
As we all know that he is the fourth richest person in the world according to Forbes 2019, also he is the chairman of LVMH the world’s largest luxury-goods company and the current net worth of Bernard Arnault is approx 76,000,000,000 US dollars in 2019.
So in this, we discussed the success story of Bernard the fourth richest person in the world also about his children, net worth, personal life, and also about his life.