Connect with us

LIFESTYLE

Bernard Arnault Net Worth

Published

on

Bernard Arnault Net Worth

Bernard Arnault net worth: Bernard Arnault is a French billionaire who has a net worth of $68 billion dollars. Bernard Arnault’s net worth makes him one of the richest people in the world behind people like Warren Buffett, Bill Gates and Carlos Slim Helu. After a few failed business attempts in the United States, Bernard Arnault returned to France and purchased what would later become the luxury goods conglomerate LVMH, made up of such companies as Louis Vuitton, Dior, Moet & Chandon, and Fendi. His career in business began in earnest in 1971 after he graduated college.

He joined up with his father’s company and quickly convinced his father to get rid of the construction portion of the business and focus instead on real estate. This quickly turned out to be a good business move, and eventually Arnault was head of his own company in the United States, selling luxury condominiums in Miami, FL. Back in France, he became the CEO of Financière Agache, a manufacturer of luxury goods, and Christian Dior, a famous fashion brand. In 1987 LVMH, a collective of luxury companies that includes Christian Dior was started, and Arnault found himself more successful than ever thanks to his shrewd business sense.

Bernard Arnault isn’t just all business, though – he is known for his keen interest in art collecting for instance. 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.

Net Worth details: Arnault made most of his fortune from Christian Dior, which his family holds a 73 percent stake in. 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. He also owns 8.4 percent of Hermes and shares in Carrefour. In 2009 he sold his stake in the winery Cheval Blanc to LVMH for 238 million euros. LVMH had revenue of $41.6 billion in 2016.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Title

Title

LIFESTYLE9 hours ago

Jackson Wang Net Worth

Jackson Wang net worth: Jackson Wang is a Hong Kong rapper, singer, and danced who has a net worth of...

MOVIE2 months ago

The Cities With The Most Billionaires

Billionaires can live wherever they want – literally. But as it turns out, they tend to flock to the same...

LIFESTYLE3 months ago

George Clooney Net Worth

Wondering how much George Clooney is worth? Or maybe you’re curious about George Clooney’s salary this year? Fortunately for you,...

LIFESTYLE3 months ago

Traci Braxton Net Worth

Traci Braxton net worth: Traci Braxton is an American singer, songwriter, actress, and reality television personality who has a net...

LIFESTYLE3 months ago

Mariah Carey Net Worth

Wondering how much Mariah Carey is worth? Or maybe you’re curious about Mariah Carey’s salary this year? Fortunately for you,...

LIFESTYLE3 months ago

Jay-Z Net Worth

Wondering how much Jay-Z is worth? Or maybe you’re curious about Jay-Z’s salary this year? Fortunately for you, we’ve got...

LIFESTYLE3 months ago

Katy Perry’s Engagement Ring Worth Up To $5 Million

On Valentine’s Day earlier in February, Katy Perry and Orlando Bloom got engaged to be married. The day after that, Perry took to Instagram...

LIFESTYLE3 months ago

Robert Kiyosaki Net Worth

Robert Toru Kiyosaki is an American businessman and author from Hilo, Hawaii. Kiyosaki is the founder of Rich Global LLC...

MOVIE4 months ago

The 20 Richest TV-Hosts in the World 2019

Who are the richest TV-hosts in the world? Some of the most popular TV-hosts in the world is worth more...

MOVIE4 months ago

Diddy Earned His $855 Million Net Worth in 2018

Sean “Diddy” Combs is more than just a rapper. He’s a savvy businessman who has built his astounding fortune through...

Copyright ©2018 Lifestyleblogtv Media | Instrumentals. DJ Mixtapes. Celebrities. Lifestyles. Biographies. Net Worths