In 2019, following the devastating fire that damaged the historic Notre-Dame Cathedral in Paris, France, Arnault and his family pledged €200 million euros to help with repair and restoration efforts. More than 80% of American states are home to at least one of 623 billionaires—including some non-U.S. citizens. He was born in 1940s, in the middle of Baby Boomers Generation, and in the Year of the Ox. Chinese billionaire Zhong Huijuan and her husband Sun Piayoang leading the list run two of the biggest pharmaceutical companies in China. In July 2019, his net worth topped $108 billion which placed him as the second-richest person on the planet, roughly $400 million ahead of Bill Gates. These are the 10 states with the largest number of the world's richest. Although the conglomerate owns a large number of brands (75 total as of June 2020), Arnault has continued to promote an approach that decentralizes the brands, which helps them to be viewed as independent brands and firms with their own histories and stories. Bernard Arnault is a entrepreneur from Roubaix, France. Then, he gained control of Royal van Lent for nearly the same amount of money. Bernard Arnault was born in Roubaix, France on Saturday, March 5, 1949. In 1950, Savinel passed on the management of Ferret-Savinel to his son-in-law Jean Léon Arnault (Bernard's father), and later gave him ownership of the company as well. Related by financial asset: Hermes International S.C.A. He also owns 8.4 percent of Hermes and shares in Carrefour. Other Investments: Besides LVMH, Arnault has his fingers in a lot of other pies. This move made him the largest LVMH shareholder. Arnault’s net worth jumped by $8.3 billion this week after his conglomerate LVMH posted unexpectedly strong third-quarter results on the back of eager-to-splurge consumers. He is the chairman and chief executive of the world's largest luxury goods company, LVMH. One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora. LVMH had revenue of $41.6 billion in 2016. Go to next page for details on Bernard Arnault’s net worth and earnings. Through his investment firm Groupe Arnault he invested in Netflix in 1999. Home to Silicon Valley, it’s no wonder California has so many of the world’s richest. Using his control, he blocked the dismantlement of the LVMH group, and has since led the conglomerate through a transformation that has positioned it as one of the largest leading luxury groups around the world. Continue to next page below to see how much is Bernard Arnault really worth, including net worth, estimated earnings, and salary for 2019 and 2020. All net worths are calculated through the combination of a robust methodology and a proprietary algorithm. Christian Dior is a 41 percent owner in the world's largest luxury goods company, LVMH, which the Arnault family owns a 5.7 percent direct stake in. From January to December 2019, Bernard Arnault's net worth increased by $36 billion. French businessman and CEO of the world’s largest luxury-products company, LVMH. 76 Milliarden US-Dollar angegeben, womit er Platz 3 belegt. He became the company's president in 1978, and continued in that position until 1984. Bernard Arnault Net Worth 2020: French businessman, chairman, and CEO of French conglomerate LVMH, Bernard Arnault, has a net worth of $98.1 billion in November 2019. Bernard is currently 71 years old. In November 2019, LVMH struck a deal to buy American jeweler Tiffany & Co for $16.2 billion, believed to be the biggest luxury brand acquisition ever. März 1949 in Roubaix, Nord-Pas-de-Calais) ist ein französischer Unternehmer und Milliardär. Mexico's richest citizens have lost billions after an already tumultuous year for Latin America's second-largest economy turned worse. From makeup mogul Kylie Jenner to Hong Kong real estate heir Jonathan Kwok, these 10 billionaires are worth $15.9 billion combined. They have three children together. In 1990, he married Canadian concert pianist Hélène Mercier. Photo by Jamel Toppin/The Forbes Collection; Reflects change since 5 PM ET of prior trading day. Early Life: Bernard Jean Étienne Arnault was born on March 5, 1949, in Roubaix, France. Between 1998 and 2001, through his holding company Europatweb he invested in several web companies, including Boo.com, Libertysurg, and Zebank. Arnault apparently wooed his wife, Helene Mercier, a concert pianist, by playing Chopin and other classical composers on the piano. Though stocks of the world’s biggest tech companies fell in March in response to the coronavirus pandemic, founders of tech giants, starting with Jeff Bezos, still dominate the uppermost ranks of Forbes’ new billionaires list. French businessman and CEO of the world’s largest luxury-products company, LVMH. Bernard Arnault Net Worth and Salary: Bernard Arnault is a French billionaire who has a net worth of $87 billion dollars. Bernard Arnault Is Europe's Richest Person, With An $80.8 Billion Fortune. The results are fact checked and confirmed by a team of editors and industry insiders. Bernard Arnault Net Worth Details: Arnault made most of his fortune from Christian Dior, which his family holds a 73 percent stake in. With the coronavirus-induced market crash, the Great White North’s richest billionaires have seen their fortunes go downhill. Career: Following his graduation in 1971, Arnault began working at his father's company, Ferret-Savinel (which was previously owned by his maternal grandfather). By then, he controlled a total of 43.5% of LVMH's shares, as well as 35% of its voting rights. Boussac owned many brands and stores, including the luxury brand Christian Dior and the department store Le Bon Marche, and Arnault sold all the Boussac asset's except those two. His birth flower is Daffodil and birthstone is Aquamarine. His father made a small fortune in construction; Arnault got his start by putting up $15 million from that business to buy Christian Dior in 1985. Bernard Jean Étienne Arnault (* 5. Auf der vom Wirtschaftsmagazin Forbes Magazine veröffentlichten Liste der reichsten Menschen der Welt 2020 wird sein Vermögen mit ca. While with Ferret-Savinel, he helped steer the company away from construction and increasingly focused on real estate, which would turn out to be a successful business move. Additionally, he has involved himself in the yacht business. He became CEO of Financiere Agache, and then also took over the textile company Boussac Saint-Freres. © 2020 Forbes Media LLC. His father, Jean Léon Arnault, was a manufacturer and a graduate of École Centrale Paris. It's linked to Versailles, to Marie Antoinette. Most other countries have fewer billionaires this year than they did a year ago. Bernard Arnault is a member of famous people who are known for being a Entrepreneur, celebrities who are 71 years old, was born in March, in the year 1949. Through LVMH, Arnault has sponsored artistic exhibitions in France featuring such globally renowned artists as abstract painter Pablo Picasso and Pop Art pioneer Andy Warhol. Bernard Arnault is among the wealthiest men in the world, and his fashion empire has had a tremendous impact on today’s fashion industry.By creating some of the world’s finest and most luxurious fashion products he has gained a lot of popularity and has millions of clients worldwide.As of 2019, Bernard Arnault’s net worth is around $70 billion. He graduated from Ecole Polytechnique with a degree in engineering in 1971. Then, in 1984, he acquired the luxury goods company Financiere Agache, with the help of Antoine Bernheim. Bernard Arnault Net Worth and Salary: Bernard Arnault is a French billionaire who has a net worth of $87 billion dollars. All Rights Reserved. Together, they share two children. (Photo by NICHOLAS KAMM/AFP via Getty Images). LVMH Moët Hennessy, Louis Vuitton S.A. is the largest luxury-products company in the world. All Rights Reserved, Chairman and CEO, LVMH Moet Hennessy Louis Vuitton. Though California may boast more billionaires than any other U.S. state, Wyoming has the highest billionaires per capita. French Billionaire Bernard Arnault Added $36 Billion To His Net Worth In 2019, Bernard Arnault's Net Worth Has Dropped $30 Billion In The Last Two Months, French Billionaire Bernard Arnault Overtakes Bill Gates As The Second Richest Person On Earth. Under Arnault, LVMH underwent massive growth. This puts the 71-year-old on track to become the world’s fifth centibillionaire, behind Jeff Bezos, Bill Gates, Elon Musk, and Mark Zuckerberg on the Bloomberg Billionaires Index. Art Collection: Arnault isn't just all business, though – he is known for his keen interest in art collecting for instance. Rumors began circulating that the Louis Vuitton group was going to try to buy up LVMH stock to form a "blocking minority", so to preemptively counter them Arnault spent another $600 million on 13.5% of LVMH shares.
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