Bernard Arnault, chairman of leisure, fashion brand Louis Vuitton Moet Hennessy (LVMH), has once again become the world’s richest billionaire. Bernard Arnault has achieved this feat by overtaking the head of e-commerce company Amazon, Jeff Bezos. Many times before this, Bernard Arnault has come first in the ranking of wealthy billionaires.
How much is the wealth:
According to Forbes’s actual time net worth ranking, Bernard Arnault’s wealth is $ 198.8 billion. At the same time, the wealth of Jeff Bezos is $ 193.3 billion. Apart from this, the net worth of Tesla CEO Elon Musk is close to $ 182.1 billion.
Biography of Bernard Arnault:
Bernard Arnault was born on 5th March 1949 in Roubaix, France; his mother, Marie-Josèphe, daughter of Étienne Savinel, had a “fascination for Dior.” Bernard’s father, Jean Léon Arnault, graduate from École Centrale Paris, owner of the civil engineering company Ferret-Savinel.
He was educated at the Lycée Maxence Van Der Meersch in Roubaix, and the Lycée Faidherbe in Lille. After he graduated from the École Polytechnique, France’s leading engineering school, he began to work for his father’s company. Three years later, Bernard convinced his father to shift the company’s focus on real estate; Ferret-Savinel sold out the industrial construction division and was renamed Ferinel. After acquiring a textile company and relocating its headquarters, the company renamed the real estate branch to the George V Group. Later, the real estate assets were sold to Compagnie Générale des Eaux (CGE), eventually becoming Nexity.
Bernard’s collection includes work by Picasso, Henry Moore, Andy Warhol, and Yves Klein. Bernard is a French investor, businessman, and art collector. He now owns 70 brands, including fashion brands Louis Vuitton and Sephora. In January 2021, LVMH completed a $15.8 billion deal for American jewelers Tiffany & Co, the most prominent luxury brand acquisition ever. Since then, Bernard Arnault’s wealth has been steadily increasing.