Bernard Arnault Net Worth 2023

As of February 2023, Bernard Arnault net worth is estimated at $213 billion.

Net Worth:	$213 Billion
Born:	March 5, 1949
Age:	73
Birthplace	France
Nationality	French
Source of Wealth:	Entrepreneur
Last Updated:	February 2023

As of February 2023, Bernard Arnault is the wealthiest person in the world according to the Forbes real time billionaires list.

Who is Bernard Arnault?

Born in France, Bernard Arnault is a French businessman who is the chief executive officer in a fashion company named Louis Vuitton conglomerate. His full name is Bernard Jean Etienne Arnault. He is serving there as a chief executive officer since 1989 which is almost 33 years. He is the major stakeholder in the company that makes him become the richest person in France and on the world’s richest people list.

Bernard Arnault Childhood

Bernard Arnault was born in Roubaix, a city in northern France on March 5, 1949. His father, Jean Leon was a businessman. He was a civil engineer and owns a civil engineering company. His mother, Marie-Josephe Savinel had a “fascination for Dior”. Bernard Arnault had a sister Dominique Watine-Arnault, born in Frane in 1951 and died on March 1, 2006. She was the president of the Fred jewelry house.

Bernard Arnault Education

Bernard Arnault got his early education from Maxence Van Der Meersch High School in Roubaix, France. After his early education, he got his degree from the elite university of France École Polytechnique. There, he got a degree in engineering in 1971.

Bernard Arnault Career

After his degree in engineering, he joined his father’s business of civil engineering company Ferret-Savinel. Bernard Arnault was its president from 1978 to 1984. There he comes up with new business ideas and plans to expand his business to make it more profitable. He convinced his father to invest in other different businesses and then they invest in the real estate industry.

In 1981, Bernard’s family was forced by the French socialists and they relocate to America. They continued their real estate business in America and earns more profits.

In 1983, Bernard returned to France and he heard that the firm Boussac Saint-Freres is bankrupt now and the French government is intended to select someone to take over the “Boussac Saint-Freres empire”, a textile and retail company that owned Christian Dior. He acquired the company with the help of Antoine Bernheim who works for an investment firm called Lazard Freres.

After receiving the company, he only kept the Christian Dior brand with department store Le Bon Marche and sells all other shares of the company. He resumes the work and by 1985, he was the CEO of the Christian Dior.

Bernard Arnault- CEO of LVMH

In 1987, Bernard got an invitation to invest in the LVMH company and he decides to invest in the company in a joint venture with Guinness. In 1988, Arnault provided Guinness $1.5 billion to form a company that holds 24% of LVMH shares. In some time, Bernard spent $600 million to buy 13.5% more shares of the LVMH. By 1989, after spending $500 million more in buying shares, he gains control of 43.5% shares of LVMH and 35% shares of voting rights, which makes him the largest shareholder of the LVMH. Then he began to make big changes in the LVMH. He decides to immediately replace the average working employees with new talent who would exceed his expectations. On 13 January 1989, he was elected chairman of the executive management board.

To expand his business, he also acquires other companies like Marc Jacobs and Guerlain.

As of February 2023, Bernard Arnault’s net worth is estimated at $213 billion.

Bernard Arnault Life Events

Some of the main life events in Jeff Bezos’ life are:

Joined Ferinel in 1971
Became president of Ferinel in 1978
Invested $15 million in the purchase of Boussac Saint-Frères
Became CEO of Dior in 1985
Invested $1.5 billion in LVMH to but 23% shares in 1988
Spend $600 million more to buy 13.5% shares of LVMH
Spend $500 million more and held 43.5% of shared in LVMH and 35% voting rights in 1989

Bernard Arnault Personal life

Bernard Arnault married Anne Dewanvrin in 1973 and he has two children Delphine and Antonie with her. Bernard Arnault and Anne Dewanvrin separated in 1990. Then Arnault merried a Canadian concert pianist Helene Mercier.With Helene Mercier, Arnault has three children Alexandre, Frederic, and Jean. Now Arnault lives in Paris with his wife Helene Mercier. Almost all of his children are now in the family business and works in the LVMH and play different roles in the company.

Quotes of Bernard Arnault

Some of my favorite Elon Musk’s quotes are:

I think in business, you have to learn to be patient. Maybe I’m not very patient myself. 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
“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. And finally, you can see inside their minds and DNA.” Bernard Arnault
“It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganized; the production process has to be very rational.” Bernard Arnault
“A good product can last forever.” Bernard Arnault

2 Success Lessons from Bernard Arnault

Here are some success lessons that we can learn from Bernard Arnault and apply them in our life.

1- Be consistent and focus on the goal

You should be consistent in what you are doing. Be patient and never stop or step back from your work in any situation. All things come to those who wait and be patient. Things will happen at the right time, you just have to be patient.

2- Appreciate the creativity

One key to success is to appreciate creativity. As we read that when Arnault take the charge of the company, he immediately changes his employees and hired new talented, and creative people in his company. It helps the company to develop new ideas. Nowadays, if you are not creative, then you will never get a valuable and quality outcome.

Bernard Arnault FAQs

1- Who is Bernard Arnault?

Bernard Arnault is a French investor and businessman. He is the current CEO of French luxury products maker LVMH. He is currently the Wealthiest Man in the World.

2- When was Bernard Arnault born?

Bernard Arnault was born on March 5, 1949 in Roubaix, a city in northern France.

3- What is Bernard Arnault Age?

As of February, Bernard Arnault is 72 years old.

4- What is the source of Bernard Arnault Wealth?

He is an entrepreneur and he invest in different companies. Currently he is the CEO of a well-known luxury products maker company LVMH.

5- When did Bernard Arnault become the CEO of LVMH?

After acquiring the largest shares of LVMH in 1989, he was elected chairman of the executive management board.

6- What is Bernard Arnault net worth in 2023?

As of February 2023, Bernard Arnault net worth is $213 Billion

7- What was Bernard Arnault net worth in 2022?

In 2022, Bernard Arnault net worth was $180 Billion.

8- What was Bernard Arnault net worth in 2021?

In 2021, Bernard Arnault net worth was $150 Billion.

9- What was Bernard Arnault net worth in 2020?

In 2020, Bernard Arnault net worth was $143 Billion.

10- What was Bernard Arnault net worth in 2019?

In 2019, Bernard Arnault net worth was $135 Billion.

11- What was Bernard Arnault net worth in 2018?

In 2018, Bernard Arnault net worth was $130 Billion.

12- What was Bernard Arnault net worth in 2017?

In 2017, Bernard Arnault net worth was $125 Billion.

13- How many kids Bernard Arnault Have?

Bernard Arnault has 5 childrens named as Delphine, Alexandre, Antoine, Jean and Frederic.

Summary

At this time Bernard Arnault is the wealthiest person in the world with most of his assets in France. His company has had a huge impact on the fashion industry all over the world.

LVMH creates one of the world’s finest and luxurious fashion products which results in a lot of popularity and people around the globe likes their products. They have millions of fans and clients worldwide.

As of 2023, Bernard Arnault’s net worth is around $213 billion.

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