Save my name, email, and website in this browser for the next time I comment. Now that you know all about Bernard Arnault’s net worth, and how he achieved success; let’s take a look at some of the lessons we can learn from him: All things come to those who wait. Bernard Arnault Net Worth. Bernard became involved in his father’s business after graduating from college, and he planned for the company to expand its horizons and become involved in other more profitable businesses.His first action within the company was to convince his father to disband the construction division and reap the benefits. Welcome to our community, and we are so grateful to have you here with us. Social media stocks experienced gains thanks to a strong quarterly report from Snap Inc, which crushed investor expectations for revenue, sending the stock soaring 37% . In 1981 the French Socialists forced the family to relocate to America and even there they continued to flourish by branch out their real estate to the US. The company—parent to legacy brands like Bulgari, Guerlain and Dom Pérignon—reported a 21% drop in revenue in the first nine months of the year on October 15. Required fields are marked *. Maybe I’m not very patient myself. He drives a BMW 7- series. On a mission to work with and grow new businesses, he continued to acquire a few other companies including ‘Guerlain,’ ‘Marc Jacobs,’ ‘Sephora’ and a few others. Dan Western is the founder of Wealthy Gorilla. Arnault wasn’t the only billionaire to gain big money this week. Bernard Arnault also owns an expensive private jet named Dassault Falcon 7X (OY-FWO) and a luxury yacht named Symphony. An explorer by passion and a writer by profession. LVMH is not the only luxury house experiencing an uptick. Click here for instructions on how to enable JavaScript in your browser. Between October 15 and October 22, Snap cofounders Evan Spiegel (net worth: $7.7 billion) and Bobby Murphy (net worth: $8.1 billion) got $2 billion and $2.2 billion richer, respectively. As of 2020, Bernard Arnault’s net worth is about $119.4 billion. French businessman and CEO of the world’s largest luxury-products company, LVMH. Bernard Jean Etienne Arnault was born in Roubaix, France on March 5, 1949. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Once I have something worthy to be shared, I grab the keyboard and let the keys beat. The boost to the company’s largest division was driven largely by strong sales from Louis Vuitton and Dior. Birkin bag-maker Hermès also reported 7%  growth in the third quarter. You can’t cheat your way through the creative process if you want to have a valuable and quality outcome. Arnault returned to France in 1983 and saw a golden opportunity to expand into the textile industry when the firm Boussac Saint-Frères was bankrupt. Subscribe now and receive a free eBook on Goals! Google cofounders Sergey Brin (net worth: $69.6 billion) and Larry Page (net worth: $71.6 billion) each gained $2.1 billion. In this article, we take a look at Bernard Arnault's net worth in 2020, total earnings, salary, and biography. Between Thursday, October 15 and Thursday, October 22, LVMH’s stock jumped 6%, far outperforming the S&P 500, which was down 0.9% over that time period, and the Dow Jones Industrial Average, which was down 0.5%. Arnault net worth has been amassed through LVMH shares a company that sells luxury goods, making billions in revenue. But I think that I’ve learned the most is be able to wait for something and get it when it’s the right time.” – Bernard Arnault, “I like that combination between creativity and the creative process and the organization needed to make a business like this successful worldwide.” – Bernard Arnault, “If you deeply appreciate and love what creative people do and how they think, which is usually in unpredictable and irrational ways, then you can start to understand them. Tips to ashapiro@forbes.com. . As of 2020, Bernard Arnault‘s net worth is an estimated $103.2 Billion. I spend most of my time researching and finding out more about the world around me. Between October 15 and October 22, Snap cofounders Evan Spiegel (net worth: $7.7 billion) and Bobby Murphy (net worth: $8.1 billion) got $2 billion and $2.2 billion richer, respectively. Snap’s success led investors in Facebook to expect even stronger numbers when the site reports quarterly earnings next week. You may opt-out by, EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, announced it was shutting down after only six months, the Senate Judiciary Committee’s move to subpoena, antitrust case announced by the Department of Justice. View our larger collection of the best Bernard Arnault quotes! The creative process is very disorganized; the production process has to be very rational.” – Bernard Arnault, 5. Bernard quickly made progress and moved up into the company and was the director of development in 1974, CEO in 1977, and president in 1979. The net worth change is from close of markets Thursday, October 15 to Thursday, October 22. Currently you have JavaScript disabled. businessman and art collector. Bernard Jean Étienne Arnault was in Roubaix, France. The news—and subsequent stock rally—has made its chairman and CEO, Bernard Arnault, $8 billion richer this week, with a net worth of $122 billion. There is no way around it, and it takes time and careful, creative thinking to produce the best possible outcome. Bernard Jean Étienne Arnault is a French businessman and art collector. Upon receiving the company, Arnault sold most of the shares and kept only the Christian Dior brand and the department store Le Bon Marché. Before coming to Forbes, I graduated from NYU's Business and Economic Reporting program and worked as an associate producer at MSNBC. In 2019, Arnault was regarded as the wealthiest man in France and is among the richest in the world. As of October 22, Zuckerberg was worth $102.1 billion, up $4.1 billion in  the week . 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. “If you deeply appreciate and love what creative people do and how they think, which is usually in unpredictable and irrational ways, then you can start to understand them. He is the chief executive of the world’s largest luxury goods company LVMH Moët Hennessy. Bernard Arnault also owns an expensive private jet named Dassault Falcon 7X (OY-FWO) and a luxury yacht named Symphony. “A good product can last forever.” – Bernard Arnault. Bernard Arnault is a French businessman, who has been serving as the chief executive officer of the Louis Vuitton conglomerate since 1989. Facebook’s stock rose 4.3% over the week through Thursday, despite the Senate Judiciary Committee’s move to subpoena Mark Zuckerberg and Twitter CEO Jack Dorsey over their platforms’ moderating of a New York Post article that made what appear to be unverified claims about Hunter Biden. Bernard Arnault with his second wife and three children lives in Clairefontaine-en-Yvelines. Download this free eBook On Goals! Throughout the next few years, he would continue to invest and gain more of the company. Bernard Arnault is the richest businessman in France and among the wealthiest in the, 35 Inspirational Elvis Presley Quotes On Success, 35 Inspirational Gareth Bale Quotes On Success. But I think that I’ve learned the most is to be able to wait for something and get it when it’s the right time.” – Bernard Arnault, 2. And finally, you can see inside their minds and DNA.” – Bernard Arnault, 4. I think in business, you have to learn to be patient. In 1987 Arnault was invited to invest in the LVMH company and eventually chose to invest in a joint share with Guinness PLC. On Wednesday, short-form video service Quibi announced it was shutting down after only six months. (Photo by Steve Jennings/Getty Images for TechCrunch). We have reached over 155 million views in the past 6 years, and amassed over 200,000 followers on social media. Bernard Arnault is a French Entrepreneur from Roubaix, France. I previously worked on the Media & Entertainment team, where I. I am a wealth reporter at Forbes covering billionaires who made their money in media, tech and retail. Wealthy Gorilla is one of the fastest growing self-development websites worldwide; with articles and stories covering everything from quotes, net worths, richest lists, self-development lessons, and more. He continued investing in the company and within a few years, he was the biggest shareholder of the company with 43.5%. I previously worked on the Media & Entertainment team, where I compiled lists of the highest-paid comedians, podcasters and authors. Early life. As of 2020, Bernard Arnault’s net worth is $119.4 billion. He graduated in 1971 with a degree in engineering. By 1989 he had control of 43.5% of the company’s shares and began to immediately replace the old average employees and replace them with new ones who would exceed his expectations. He is the chief executive of the world’s largest luxury goods company LVMH Moët Hennessy. The creative process is very disorganized; the production process has to be very rational.” – Bernard Arnault, “A good product can last forever.” – Bernard Arnault. Although sales were way down in Europe and the Americas, they were up nearly 21% in Asia as countries that have successfully controlled the spread of Covid-19, including China and South Korea, experience a strong economic recovery. Bernard Arnault with his second wife and three children lives in Clairefontaine-en-Yvelines, France. Bernard Arnault was born on March 5, 1949, in Roubaix, France to Jean Leon Arnault, a manufacturer and Mateo –Josephe Savinel daughter of Etinne Sevinel. Arnault attended the Lycée Maxence Van Der Meersch in Roubaix and Lycée Faidherbe in Lille. He co-operated with Antoine Bernheim, a managing partner who worked for an investment firm called Lazard Fréres to fund his purchase of Boussac. You must be able to appreciate and respect creativity as it is essential to the production of any idea or item. He, on a quick note, started replacing the old employees with new skilled employees to meet his expectations out of the company. Bernard Arnault is a entrepreneur from Roubaix, France. As of 2020, Bernard Arnault net worth estimated at 109.6 billion dollars. He continued investing in the company and within a few years, he was the biggest shareholder of the company with 43.5%. The stock rose ahead of next week’s earnings announcement, despite the antitrust case announced by the Department of Justice on October 20. THE CHANGING FORTUNES OF THE WORLD’S RICHEST. I hope that you have been inspired by Bernard Arnault’s Net Worth, do let us know your thoughts in the comments section below. © 2020 Forbes Media LLC. His father, Jean Leon Arnault, owned and operated a civil engineering company. Bernard Arnault is the richest businessman in France and among the wealthiest in the world. SAN FRANCISCO, CALIFORNIA - OCTOBER 04: Snap Inc. To this day, Wealthy Gorilla has become one of the fastest growing self-development sites in the world; with over 160 million views worldwide, and more than 200,000 followers on social media. © Copyright 2015-2020 - AwakenTheGreatnessWithin. 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. You can click on any of the buttons below to follow us on our social media channels; or to get in touch with the founder, Dan Western, head over to the 'contact' page. Google parent company Alphabet also had a strong week, gaining 3.6%  between October 15 and October 22. and be the first to receive all the latest updates! Click here for instructions on how to enable JavaScript in your browser. As of 2020, Bernard Arnault’s net worth is around $119.4 billion.

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