Bernard arnault

Arnault had an unusual professional start for a CEO in the fashion industry: he began as an engineer and property developer in his family’s civil engineering company in the industrial north of France. By 1984, he had ambitions far beyond construction—and he began to make a series of bold and ruthless moves to take over an enterprise that he could scale at the global level. Toward that end, he bought Boussac, a famous (but bankrupt) French conglomerate, so that he could take over one of the businesses under its umbrella: The House of Dior, a prize he had coveted for years. After selling off most of the other assets, he reinvested the cash into his next luxury targets: Moët Hennessy and Louis Vuitton, two iconic French companies that Arnault’s next move was a power play that made him infamous throughout Europe. Once in the door at LVMH, he used the constant feuding between the two CEOs to secure a controlling interest and then ousted the two warring CEOs. After winning “one of the fiercest battles in French fashion,” he became Chair, CEO, and majority shareholder of LVMH—a position he continues to hold as of April 2022. Over the next three decades, he combined the defunct Boussac assets (including Dior) with the LVMH brands and dozens of acquired companies to create the world’s • As a young man navigating the U.S. market, Arnault developed ambitions far beyond his family's construction and real estate business—and he began looking for an enterprise he could scale, ideally “a...

Bernard Arnault, (born March 5, 1949, Arnault graduated from the With $15 million of his own money, Arnault, together with Antoine Bernheim, a managing partner of the French bank Lazard Frères and Co., raised the $80 million necessary to purchase Boussac Saint-Frères, a bankrupt textile company that owned the Henri Racamier. Investing through a Christian Lacroix, Arnault was known in Europe as the man who revitalized French couture in 1995 by appointing British fashion designer Women’s Wear Daily, moved Galliano to Christian Dior and appointed the brash British fashion designer

Tech tycoon Elon Musk dethroned the French businessman from the top spot after shares of the latter’s LVMH tumbled by 2.6% on Wednesday. Meanwhile Musk, the owner of According to a Bloomberg Billionaires tally, Musk’s net worth is now about $192 billion, compared to Arnault’s $187 billion. The two have been playing a game of tug-of-war for the title of world’s richest person for over a year now, so Musk—who lost the prime position in very similar circumstances back in December 2022 Earlier this year in April, Arnault saw his fortune But for the average person—who earns less than £40,000 in the U.K., or around $60,000 in the U.S—the current small dip in Arnault’s fortune is more money than they’ll see in a lifetime. So how exactly did he become so rich in the first place? An early taste for entrepreneurialism In 1971, Arnault kick-started his career by working at his father’s real estate company, where he proved he had an entrepreneurial mind from a young age: A 25-year-old Arnault convinced his father to sell the construction side of the business and shift its focus to property. He then traveled to the States in the hopes of growing his father’s empire there, but instead was inspired by a taxi driver (who knew French couture, but not the French president) to go back home and forge a name for himself in the luxury sector. This is where Arnault’s big break becomes a big mystery. Some reports claim that the then-35-year-old businessman used $15 million from the family busines...

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Elon Musk has displaced Bernard Arnault as the world's richest person, as Tesla stock surges and LVMH slumps Elon Musk has displaced Bernard Arnault as the world's richest person once again, thanks to Musk's wealth passed Arnault's on Wednesday after LVMH slipped nearly 3% in Paris trading, according to the The French conglomerate's stock plunge wiped over $5 billion off of Arnault's personal fortune, per Bloomberg, while Musk's wealth jumped nearly $2 billion as Tesla posted modest gains. Musk – who first

The great predator of luxury: this is how Bernard Arnault built his LVMH empire, valued at $500 billion The French businessman was always at the top of the class. His firm’s rise on the stock market has resulted in a personal fortune of around $200 billion. At 74, his biggest challenge is deciding which of his five children will take over a conglomerate that produces iconic brands such as Dior, Tiffany, Dom Pérignon and Bulgari Bernard Arnault always wanted to win. As a child, he was the first in class. Later on, he was the one who passed the most difficult exams to enter the most demanding university programs. He learned to play the piano well but they say that, once he realised he wasn’t going to be the best at the instrument, he gave it up. The piano is now just a hobby for Arnault. He keeps a grand piano in a room next to his office at 22 Avenue de Montaigne, in Paris. Sometimes, he plays a sonata. Either the best compositions, or nothing at all. He is the owner of the best brands — the emperor of luxury. He’s an art collector, a philanthropist and the man who, along with The ranking fluctuates: this past week — after holding the title for a good part of the year — Arnault lost the throne to the owner of Tesla and Twitter, according to Bloomberg’s Billionaires’ Index. But the fact that the owner of Moët Hennessy Louis Vuitton — commonly known as “He was always the first in everything,” says Nadège Forestier, a journalist for Le Figaro, who worked with him regularly dur...

Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group. Born to an industrial family in Roubaix, France on March 5, 1949, Mr. Arnault attended the Roubaix lycée and the Faidherbe lycée in Lille. He then went on to study at the Ecole polytechnique. He began his professional career that year as an engineer with the Ferret-Savinel construction company and successively was promoted to various executive management positions before becoming Chairman in 1978. Mr. Arnault remained there until 1984, when he undertook the reorganization of the Financière Agache holding company. He returned the group to profitability as he embarked upon a strategy of developing the world’s leading luxury products company. In the process, he reinvigorated Christian Dior as the cornerstone of the new organization. In 1989, Mr. Arnault became the majority shareholder of LVMH Moët Hennessy – Louis Vuitton, creating the world’s leading luxury products group. Mr. Arnault has been Chairman and CEO of the company since that date. Mr. Arnault is also President of the Board of Directors of Groupe Arnault S.E. (his family holding company). Mr. Arnault is married and has five children. He has been awarded the honorary titles of Grand Officier de la Légion d’Honneur and Commandeur des Arts et des Lettres. The other Executive Committee members • Antonio Belloni Group Managing Director • Delphine Arnault Christian Dior Couture • Nicolas Bazire Developmen...

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