You are on page 1of 7

Bernard Arnault, Bernard Arnault Net

Worth, Bernard Arnault wife


Bernard Arnault was a businessman. And he was born on March 5, 1949. The real
name of the Bernard Arnault is Bernard Jean Etienne Arnault. He is a French
business magnate, as well as an investor, and also an art collector. Bernard
Arnault is the chairman and also the Chief Executive Officer (CEO) of the LVMH,
the most significant luxury goods company in the world. He is the wealthiest
person in the France and the eighth richest person in all over the world according
to the Forbes magazine. So in October 2017, his net worth was expected to be
60.3 billion USD.

Full Name Bernard Arnault

Birth Date March 5, 1949


Nationality American

Height 5 ft

Bernard Arnault Net Worth $60.3 billion

Source of Income Business

Religion Catholic

The Early life of Bernard Arnault:

When he graduated from the Lyce Maxence Van Der Meersch in the Roubaix,
then Arnault admitted to cole Polytechnique in the Palaiseau. And from which he
also graduated with an engineering degree in the 1971.

The name of his father was Jean Leon Arnault. And he was a graduate of cole
Centrale of Paris. He was a manufacturer and also the owner of the civil
engineering company named, Ferret-Savinel.

The career of Bernard Arnault:

Frinel:

After the graduation, Bernard Arnault joined the company of his father, in 1971.
And in 1976, he persuaded his father to clear up the construction division of the
company for the 40 million French francs and to change the focal point of the
company to the real estate. By using the name of the Frinel, the new company
also developed a specialty in the holiday accommodation. Named the Director of
the Company Development in 1974, and he became the CEO in 1977. And in
1979, he makes it his father as president of the company.

Christian Dior:

In 1984, Arnault acquired the Financire Agache, which was a luxury goods
company with the help of Antoine Bernheim. Antoine Bernheim was a senior
partner of the Lazard Frres. Then he also became the CEO of Financire
Agache and then took control of the Boussac Saint-Frres. Boussac Saint-Frres
was a textile company in turmoil. And Boussac owned the Christian Dior, the
departmental store Le Bon March, the retail shop of Conforama, and also the
diapers manufacturer Peaudouce. Then he sold nearly all the assets of the
company and kept only the important Christian Dior brand and Le Bon March
department store.

LVMH:

In 1987, abruptly after the construction of LVMH, th at was the new luxury group
resulting from the combination between the two companies. And Bernard Arnault
arbitrated a conflict between the Alain Chevalier, as well as Mot Hennessys
CEO, and also Henri Racamier, president of the Louis Vuitton. The new gr oup
also held the property rights to that of the Dior perfumes that Bernard Arnault
supposed should include into Dior Couture.

In July 1988, Bernard Arnault also provided $1.5 billion to construct a holding
company with the Guinness that also held the 24% of LVMHs shares in it. And in
response to rumors that the Louis Vuitton group was even buying the LVMHs
stock to make a blocking minority. Bernard Arnault also spent $600 million to
buy the 13.5% more shares of the LVMH, to making himself the first sha reholder
of LVMHs. In January 1989, he again spent another $500 million to gain total
control of the 43.5% of the LVMH. And he also gained the 35% of the voting
rights. Thus he reached the blocking minority that he actually needed to stop the
dismantlement the group of the LVMH. And on 13 January 1989, he was also
commonly elected the chairman of the executive management board.
Since then, Bernard Arnault led the company through a determined development
plan and also transforming it into one of the large st comfort groups in the world.
And alongside Swiss luxury giant Richemont and even with the French -based
Kering. In the next eleven years, the market value of the LVMH has multiplied by
at least fifteen. While, at the same time, the sales and profit also rose by 500%.
He also promoted the decisions towards the decentralizing of the brands of the
group. And it is a result of these actions; the brands are now also viewed as the
independent firms with their hold history.

The shares of Bernard Arnault in LMVH:

The professional decisions of Bernard Arnault also support the idea that LVMH
has got shared advantages such having the strong brands that can help in
finance those that are still developing. The collection of major luxury brands of it
also has a history of the stability. And thats why its firmness allows for the new
achievements and even the group development. It is because of this policy that
Christian Lacroix could also open his private fashion house.

And In July 1988, Bernard Arnault also obtained Cline. In 1993, LVMH acquired
Berluti and even Kenzo. In the same year, Bernard Arnault also bought out the
French economic newspaper named La Tribune. And the company never attained
the desired success, in spite of his 150 million euro investment, and at last, he
sold it in November 2007 to buy a different French economic newspaper, Les
chos, for the 240 million euros.

Obtaining the Perfume firm:

In 1994, LVMH also obtained the perfume firm named Guerlain. And in 1996,
Bernard Arnault also bought out the Loewe, followed by the Marc Jacobs and
even Sephora in 1997. These brands also included into the group: Thomas Pink
in the 1999, as well as Emilio Pucci in 2000 and also Fendi, DKNY and La
Samaritaine in the 2001.

So in the 1990s, Bernard Arnault decided to develop a center in the New York to
manage the LVMHs presence in the United States. He also chose Christian de
Portzamparc for the supervision of this project. And the result of this was the
LVMH Tower that opened in the December 1999.

Other investments of Bernard Arnault:

From 1998 to 2001, Bernard Arnault invested in a variety of the web companies
such as Boo.com, Zebank, and also in Liberty surf through his holding the
Europatweb. Groupe Arnault also devoted to Netflix in the 1999.

In 2007, Blue Capital that Bernard Arnault also owns jointly with the property firm
of the California Colony Capital that acquired 10.69% of the Frances largest
supermarket retailer and even the worlds second-largest food distribution
Carrefour.

In 2008, he also entered the cruiser business and even bought Princess Yachts
for 253 million euros. He later took control of Royal van and Lent it for an almost
identical sum.

Arnault as an Art Collector:

Bernard Arnault is also a noted art collector and also known for his current
collection that includes the work by Picasso, Henry Moore, as well as Yves Klein,
and even Andy Warhol. He was also involved in establishing the LVMH as a
significant supporter of Art in France.

The LVMH Young Fashion Designer also created an open international


competition to the students from the excellent art schools. Every year, the winner
is also awarded a grant to support the creation of that of the designers own label.
And there is also a year of mentorship for the winner. From the 1999 to the 2003,
he also owned the Phillips de Pury & Company, that is an art auction house. And
he also bought out the first French auctioneer, Tajan.

In 2006, Bernard Arnault also started the building project of Louis Vuitton
Foundation. It also dedicated to the creation and even the contemporary art. And
the building was designed by the architect Frank Gehry. The grand opening of the
Foundation also held on October 20, 2014, in the Jardin dAcclimatation Paris .
Awards of Bernard Arnault:

Commmandeur of the Lgion dHonneur on February 10, 2007.


Grand Officer of the Lgion dHonneur on July 14, 2011.
The Woodrow Wilson Award for the Global Corporate Citizenship in 2011.
Knight Commander of the Most Excellent Order for the British Empire in 2012.
The Museum of the Modern Arts David Rockefeller Award in March 2014.

Personal life of Bernard Arnault:

Bernard Arnault has also been marring twice and also has a daughter and as well
as four sons. He was married for the first time to Anne Dewavrin from the 1973 to
1990. And this couple has a daughter named, Delphine and also a son named,
Antoine. Bernard Arnault also married his second wife named, Hlne Mercier
Arnault, a Canadian pianist from the Quebec, in 1991. Thi s couple also has three
sons, Alexandre, as well as Frdric, and even Jean.

As Bernard Arnault was also a witness at the French President Nicolas Sarkozys
wedding with the Ccilia Ciganer-Albniz.

Bernard Arnault also owned the 70 m (230 ft) transformed research on vessel
Amadaeus. And this was even sold in late of 2015. His current 101.5 m (333 ft)
yacht work of art built in the Netherlands by the Feadship. And it was also
delivered in the mid of 2015. Bernard Arnault also owns the Cistern Key; it also i s
known as the Indigo Island. That is a 135-acre luxury retreat in the Exumas. The
island can also host to up to 18 guests and can even be renting for upwards of
the $300,000 per week high profile guests including the Robbie Williams and also
the Aga Khan.

Bernard request for the Belgian nationality:

It was also revealed that the Bernard Arnault also planned to apply for the Belgian
citizenship. And he was considering moving to Belgium in 2013. In April 2013,
Bernard Arnault said that he had even been misquoted and also that he never
intended to leave the France: I frequently said that I would stay there as a
resident in the France and that I would continue to pay my taxes. Today, I have
decided to remove any uncertainty. I also withdraw my request for Bel gian
nationality. And requesting for Belgian nationality was for the better defender of
the foundation that I have created with the single purpose of ensuring the stability
and also the integrity of the LVMH group if I were to disappear.

So on April 10, 2013, Bernard Arnault also declared that he had also decided to
discard his application for Belgian citizenship, saying that he did not want the
move to get the wrong impression about as a measure of tax avoidance at a time
when France faced the economic and social challenges. Bernard Arnault also
confirmed that several employees are requesting to leave the France for tax
purposes, that he refused their requests, and that was the 75% tax would not
raise a lot of the profits, but they should confirm less troublesome now that it was
set to be taxes on firms rather than the people and only due to stay in the place
for only two years Read More bernard arnault/