Bernard Arnault’s profile picture

Bernard Arnault

Chairman and CEO, Louis Vuitton
Bernard Arnault’s profile picture
Net worth 2018: $74.74 Billion
Residence: Roubaix
Country: France
BirthDay: 5 March 1949
Sigh: Aries
Height: 1.85 m
Children: 5
Education: Bachelor of Arts / Science, Ecole Polytechnique de Paris
BIOGRAPHY

Bernard Arnault was bornon 5 March 1949 in Roubaix, France, is Chairman and CEO, Louis Vuitton. Bernard Arnault is #4 in List Billionaires People In The World. One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Dom Perignon, Bulgari, Louis Vuitton, Sephora and Tag Heuer, as well as nearly 3,900 retail stores, all under the umbrella of luxury goods powerhouse LVMH. The company, where he has been CEO since 1989, had record sales of nearly $40 billion in fiscal year 2016. The bulk of his fortune is tied up in Christian Dior stock, through which Arnault holds a controlling interest in LVMH. He also has billions of dollars of stock in LVMH directly, in supermarket chain Carrefour and in Hermes. An arts patron and collector, he is the visionary behind the $135 million Frank Gehry-designed Foundation Louis Vuitton museum in Paris' Bois de Boulogne, which opened in October 2014. LVMH is now working with the City of Paris to create another major new cultural institution that will be dedicated to artists and live performances.

NET WORTH STATISTIC
2009

$16.5 Billion

2010

$27.5 Billion

2011

$41 Billion

2012

$41 Billion

2013

$29 Billion

2014

$33.5 Billion

2015

$37.2 Billion

2016

$34 Billion

2017

$41.5 Billion

2018

$74.74 Billion

TIMELINE
2015

5 m (333 ft) yacht Symphony was built in the Netherlands by Feadship and delivered in mid-2015

2014

The Foundation's grand opening at the Jardin d'Acclimatation Paris was held on 20 October 2014

2013

" On 10 April 2013, Arnault announced that he had decided to abandon his application for Belgian citizenship, saying he did not want the move to be misinterpreted as a measure of tax evasion at a time when France faced economic and social challenges

2008

In 2008, he entered the yacht business and bought Princess Yachts for 253 million euros

2007

In 2007, Blue Capital that Arnault owns jointly with the California property firm Colony Capital acquired 10

2006

In 2006, Arnault started the building project of the Louis Vuitton Foundation

1999

From 1999 to 2003, he owned Phillips de Pury & Company, an art auction house, and bought out the first French auctioneer, Tajan

1998

From 1998 to 2001, Arnault invested in a variety of web companies such as Boo

1996

In 1996, Arnault bought out Loewe, followed by Marc Jacobs and Sephora in 1997

1991

Arnault married his second wife, Hélène Mercier-Arnault, a Canadian pianist from Quebec, in 1991

1990

In the 1990s, Arnault decided to develop a centre in New York to manage LVMH's presence in the United States

1989

On 13 January 1989, he was unanimously elected chairman of the executive management board

1987

In 1987, shortly after the creation of LVMH, the new luxury group resulting from the merger between two companies, Arnault mediated a conflict between Alain Chevalier, Moët Hennessy's CEO, and Henri Racamier, president of Louis Vuitton

1984

In 1984, with the help of Antoine Bernheim, a senior partner of Lazard Frères, Arnault acquired the Financière Agache, a luxury goods company

1979

In 1979, he succeeded his father as president of the company

1976

In 1976, he convinced his father to liquidate the construction division of the company for 40 million French francs and to change the focus of the company to real estate

1974

Named the Director of Company Development in 1974, he became the CEO in 1977

1973

He was married to Anne Dewavrin from 1973 to 1990, and the couple has a daughter Delphine and a son Antoine

1971

After graduation, Arnault joined his father's company, in 1971

1949

Bernard Jean Étienne Arnault (French: [bɛʁnaːʁ aʁno]; born 5 March 1949) is a French business magnate, an investor, and an art collector

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