Bernard Arnault is the owner of the LVMH company, which is today the largest luxury goods company in the world. At present, he is the owner of five types of companies.e 1
Arnault's net worth rose to around Rs 7.5 lakh crore on Tuesday as LVMH shares rose 1.38%. His net worth is equal to 3 percent of the GDP of France. 1
Bernard Arnault's name came to the fore when his net worth exceeded Bill Gates's net worth on 20 June 2019 and he became the second richest person in the world, surpassing Bill Gates. 1
Bernard Arnault was born into a business family on 5 March 1949 in Roubaix, France. He is a French businessman and investor and since 1989, Chairman & Chief Executive Officer of 'LVMH Moet Hennessy Louis Vuitton' Company and Main Shareholder of this company.
Arnault began his career in 1971, working for Ferret-Sevinel, a manufacturing company owned by his father, and was its chairman from 1978 to 1984.
In April 2018, Bernard Arnault overtook “Zara” owner Amancio Ortega by becoming the richest person in the field of fashion.
French fashion tycoon Bernard Arnault has added $47 billion to his wealth in 2021 so far. LVMH owns several famous fashion brands including Fendi, Christian Dior and Givenchy. Arnault, the head of LVMH, oversees the empire of 70 brands such as Louis Vuitton and Sephora.
Earlier in January this year, Bernard Arnault's LVMH bought American jewelry Tiffany & Co for $15.8 billion. This deal of acquisition of the luxury brand is said to be the biggest deal ever. The Real-Time Billionaires Ranking of Forbes measures the daily fluctuations in the wealth of the world's richest people.