In 1976, he joined the board of directors at Financiere Agache, a luxury goods company. He became the company’s president in 1984. In 1989, Arnault acquired control of Boussac Saint-Freres S.A., a textile company which owned Christian Dior S.A..
He then merged these two companies to form LVMH Moet Hennessy Louis Vuitton SE. As of 2018, LVMH has over 70 brands including Dom Perignon, Fendi, Sephora, and Givenchy. The company also owns several hotels and resorts including The George V Hotel in Paris and The Bulgari Hotels & Resorts chain.
In addition to his work with LVMH, Arnault is also active in philanthropy and art collecting. He serves on the boards of several cultural institutions including The Pompidou Center and Centre Georges Pompidou Foundation.
In today’s business world, it’s all about who you know. And Bernard Arnault knows everyone worth knowing. The French businessman is the CEO of LVMH, one of the largest luxury goods companies in the world.
With a net worth of over $84 billion, he is one of the richest men in the world. But what makes Arnault so successful? Part of it has to do with his lifestyle.
Arnault lives life to the fullest and surrounds himself with only the best of the best. From his lavish homes to his private jets, everything about Arnault screams success. He also isn’t afraid to take risks.
When other businesses were pulling back during the recession, Arnault actually increased LVMH’s investment in luxury brands. And it paid off big time. Today, LVMH is stronger than ever and its brands are some of the most coveted in the world.
So what can we learn from Bernard Arnault? That if you want to be successful in business, you have to live like a winner!
How Did Bernard Arnault Became Successful?
Bernard Arnault is the chairman and CEO of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury-goods company. He is also the richest person in France and the fourth richest person in the world, with a net worth of over $100 billion. Arnault was born in 1949 into a wealthy family in Roubaix, France.
His father was an industrialist who owned a construction company. Arnault graduated from the École Polytechnique engineering school in 1971 and then joined his father’s business. In 1976, he launched his own real estate development company, which eventually became one of the largest in France.
In 1984, Arnault took over control of Financière Agache, a holding company that owned stakes in several businesses including Christian Dior SA, which he subsequently acquired outright. This made him the head of one of the world’s largest fashion conglomerates, which today includes such brands as Louis Vuitton, Givenchy, Fendi and Marc Jacobs. Under Arnault’s leadership, LVMH has been hugely successful, with profits increasing tenfold between 1987 and 2017.
The company has also made a number of high-profile acquisitions including Bulgari (2011), Donna Karan (2016) and most recently Belmond Ltd (2018).
Where Does Bernard Arnault Live Currently?
Bernard Arnault is a French business magnate and the current chairman and CEO of LVMH, the world’s largest luxury goods company. He is also the richest man in France and the fourth richest person in the world, with an estimated net worth of $84.6 billion as of March 2021. So where does this billionaire call home?
Well, Bernard Arnault actually owns several homes around the world, but his primary residence is a massive estate located just outside of Paris, France. The estate, which spans over 1,000 acres, includes a number of lavish buildings and amenities such as a private golf course designed by Arnold Palmer, an indoor tennis court, stables for horses, several ponds and lakes, and even its own power plant. In total, there are said to be around 100 buildings on the property.
Arnault also owns other properties around France as well as in Switzerland, New York City and London. But it’s his massive estate outside of Paris that serves as his primary residence.
What was Bernard Arnault First Job?
Bernard Arnault’s first job was with his family’s construction company, Ferret-Savinel. He worked there for a few years before moving on to other ventures. He has since become one of the most successful businessmen in the world, amassing a fortune estimated at over $100 billion.
How Did Bernard Arnault Become Rich?
In order to become rich, one must first have an idea of what they would like to do with their money. For Bernard Arnault, becoming rich meant turning his family’s small construction business into a luxury goods empire. In order to achieve this, Arnault began studying the world’s most successful businesses and soon realized that the key to success was in creating a unique brand identity.
He then set out to create his own luxury brands, starting with Louis Vuitton in 1987. Thanks to Arnault’s keen eye for detail and talent for marketing, Louis Vuitton soon became one of the most recognizable brands in the world. Today, Bernard Arnault is worth an estimated $41.5 billion dollars thanks to his successful business ventures.
Bernard Arnault Company List
French luxury goods company Bernard Arnault is the parent company of a number of high-end fashion and lifestyle brands. These include Louis Vuitton, Christian Dior, Céline, Givenchy, Kenzo, Fendi, and Berluti. The company also owns the LVMH Moët Hennessy – Louis Vuitton SE conglomerate, which comprises a number of other luxury brands such as Dom Pérignon, TAG Heuer, Bulgari, and Sephora.
In 2018, Bernard Arnault was named the world’s fourth richest person by Forbes magazine with an estimated net worth of $84 billion.