Bernard Arnault

Date of Birth: March 5, 1949

Zodiac Sign: Pisces

Biography

Bernard Jean Étienne Arnault is a French business magnate, investor, and art collector. He is the chairman and chief executive officer (CEO) of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company. Born in Roubaix, France, Arnault was educated at the Lycée Maxence Van Der Meersch in Roubaix and the Lycée Faidherbe in Lille. He graduated from the École Polytechnique in Palaiseau, one of France’s leading engineering schools. Arnault began his career in the early 1970s working for his father’s construction company, Ferret-Savinel, which he eventually shifted towards real estate. His entry into the luxury goods industry began in 1984 when he acquired the textile company Boussac Saint-Frères, which owned Christian Dior. He transformed his initial investment into a global empire of prestigious brands, including Louis Vuitton, Moët & Chandon, and Hennessy, among many others. Under his leadership, LVMH has continued to grow, acquiring brands such as Fendi, Bulgari, and Tiffany & Co. Arnault is recognized as one of the wealthiest individuals in the world and has been a prominent figure in the art world, known for his extensive collection of contemporary art.

5 Interesting Facts about Bernard Arnault

1. Bernard Arnault played the piano at a young age and considered becoming a professional pianist before choosing a career in business.

2. He is an avid art collector with an impressive collection that includes works by Picasso, Yves Klein, and Henry Moore.

3. Under Arnault’s leadership, LVMH has grown to encompass over 70 luxury brands.

4. He was awarded the Grand Officer of the Legion of Honour, France’s highest civilian distinction, in 2011.

5. Arnault was instrumental in the 2019 restoration donation for Notre-Dame Cathedral after the devastating fire.

5 Most Interesting Quotes from Bernard Arnault

1. “Luxury goods are the only area in which it is possible to make luxury margins.”

2. “In business, I think the most important thing is to position yourself for long-term success.”

3. “The goal of a company is to have customer service that is not just the best but legendary.”

4. “When you innovate, you’ve got to be prepared for everyone telling you you’re nuts.”

5. “What we create is not a necessity, but it brings pleasure to people all around the world.”

Highest Net Worth Achieved

As of 2023, Bernard Arnault’s highest recorded net worth is approximately $210 billion, making him one of the richest individuals globally.

Children

Bernard Arnault has five children: 1. Delphine Arnault (born 1975) – Executive Vice President of Louis Vuitton. 2. Antoine Arnault (born 1977) – CEO of Berluti and Chairman of Loro Piana. 3. Alexandre Arnault (born 1992) – Executive Vice President of Tiffany & Co. 4. Frédéric Arnault (born 1995) – CEO of TAG Heuer. 5. Jean Arnault (born 1998) – Director of Marketing and Development for Louis Vuitton Watches.