Bernard Arnault is a French business magnate and investor who is the chairman and CEO of LVMH, the world’s largest luxury goods company. He is currently the world’s fourth-richest person, with a net worth of $155 billion as of April 2021. His success is attributed to his shrewdness in the business world and his commitment to growing the LVMH brand. In this article, we will take a closer look at Bernard Arnault’s life, his business career, and his estimated net worth in 2023.
Early Life
Bernard Arnault was born in Roubaix, France in 1949. He attended the Ecole Polytechnique in Paris, graduating with a degree in engineering in 1971. After graduation, he worked for his father’s construction company, Ferret-Savinel. In the late 1970s, he took over the company and renamed it “Férinel”.
In 1984, he purchased a majority stake in Financiere Agache, a luxury goods company, and merged it with his own company. This would later become the LVMH group. During this time, he also purchased a number of other luxury brands, including Moët & Chandon, Louis Vuitton, and Christian Dior.
Business Career
Under Arnault’s leadership, the LVMH group has become the world’s largest luxury goods company, with over 70 brands in its portfolio. He has also been praised for his commitment to innovation and technology, which has helped the company remain competitive in the ever-changing luxury goods market.
In addition to his business career, Arnault is also an active philanthropist. He has donated millions of euros to charity, and is a major supporter of the arts. He is also a major contributor to the restoration of the Notre Dame cathedral in Paris.
Net Worth 2023
As of April 2021, Bernard Arnault’s net worth is estimated to be $155 billion. This makes him the world’s fourth-richest person. His net worth is expected to continue to grow in the coming years, as the LVMH group continues to expand its reach. It is estimated that by 2023 his net worth will have increased to over $200 billion.
Bernard Arnault is a French business magnate and investor who is the chairman and CEO of LVMH, the world’s largest luxury goods company. His success is attributed to his shrewdness in the business world and his commitment to growing the LVMH brand. He is currently the world’s fourth-richest person, with a net worth of $155 billion as of April 2021. His net worth is expected to continue to grow in the coming years, with estimates predicting it will reach over $200 billion by 2023.
