Bernard Arnault Biography | World top richest Person

Bernard Arnault has become the richest person in the world, those who want to move forward must read Bernard Arnault biography as they can learn a lot from Bernard Arnault. Bernard Arnault, on the strength of his right decisions and hard work, made his company one of the top luxury brand companies in the world. That’s why it is very important to read Bernard Arnault biography.

Bernard Arnault has now become the richest man in the world, today we will go into detail about Bernard Arnault.

Bernard Arnault Biography

Who is Bernard Arnault-

• Bernard Arnault is the CEO and chairman of LVMH, the world’s largest luxury brand maker.

• Bernard Arnault has overtaken Jeff Bezos, the world’s richest man, to become the world’s richest person in terms of wealth. And now Bernard Arnault’s wealth has exceeded Jeff Bezos by about Rs 37000 crores.

• Before this, in 2005 also, Arnault has been included in the top 5 richest person in the world and from 2018 till now he was continuously in the top 5 rich and now he has become the richest person in the world.

• Earlier, he was also the top richest person in the world for some time in July 2019 and also in 2020. But after that, the shares of his company went down significantly due to the increasing corona crisis in his company’s biggest market China. So that they could not stay on top for a long time.

• But on the strength of the right decisions of Arnault, the business of Aranult has reached the heights again.

• Arnault has a total stake of 47.5% in LVMH.

• According to Forbes, Arnault has earned about $ 100 billion i.e. about 7 lakh 40 thousand rupees in the last one year.

• If we calculate in this way, Arnault has earned about 2 lakh 30 thousand rupees every second in the last 1 year.

• This year, Arnault bought American Jeweler Tiffany & Co, making the world’s biggest acquisition so far for Rs 1.17 lakh crore.

•  Arnault visits his and his competitors’ stores every Saturday.

• He is very fond of playing the piano. Arnault proposed to his second wife, Helen Mercier, by playing the piano.

• Arnault also tried to take Belgium citizenship in 2012 to save tax. He did this so that he could avoid the tax on France on super rich people. Due to which there was a lot of opposition, due to which he withdrew his decision.

• He works in six sectors in which he earns the most from fashion and leather.

• The world’s most famous Champagne Moët & Chandon and Anise Cognac are part of Arnault’s company LVMH.

• Apart from this, Christian Dior, one of the world’s most famous luxury brands, is also a part of LVMH.

• Arnault also manufactures luxury yachts. Apart from this, Arnault’s companies also deal in many other areas like newspaper, magazine and radio.

• Arnault’s company LVMH deals in about 75 brands.

• It is an interesting thing that the idea of ​​doing business in a fashion brand came from a taxi driver. After completing his studies in 1971, Arnault joined his father’s Real States business, in connection with which he had to go to America once. When Arnault asked the taxi driver about France, Arnault was surprised that the taxi driver did not know much other than the French luxery fashion brand Cristian Deo.

• After 13 years of this, in 1984, textile company BoJack came on the verge of being sold by bankruptcy, then Arnault lobbied with the then government there and bought it for just one dollar. And Christia Deo was Bojak’s own brand.

And Arnault decided to land in the Luxury Fashion area. The reason for his interest in BoJak was also that Arnault’s mother used to use Bojak’s perfume.

• Bernard Arnault is known all over the world as a businessman and art collector. In the list of Forbes, he is the second richest person in the world. Bernard Arnault’s full name is Bernard Jean tienne Arnault, he was born on 5 March 1949 in Robux, France.

• He is the President and CEO of LVMH Moët Hennessy – Louis Vuitton SE, the world’s largest luxury products company.

• After completing high school, Bernard Arnault did engineering from Ecole Polytechnique in 1971. According to Bloomberg, most of Arnault’s wealth came from his 41% stake in LVMH, which Arnault controls through his company Chiristian Dior. According to Forbes, LVMH has more than 50% shares since 2019.

• Bernard Arnault currently lives in Paris, with his children Delphine, Antoine, Alexandre and his niece playing key roles in controlling the brand.

• Arnault’s compensation as CEO is 8 million euros.

• In the 90s he expanded his business by acquiring companies such as Guerlain in 1994, Lowe’s in 1996, Marc Jacobs in 1997, Sihora and Thomas in 1997.

• Bernard likes to spend a lot of time with his family, he gives full time to his family as well as his business

• In 2019, Arnold added $39 billion to his company’s net worth on his own.

In the Bernard Arnault biography , we will now talk about the various honors given to Bernard Arnault.

Honor-

• In 2007, Arnault was awarded the title of General of the Army, France’s highest honor.

• In 2007, Arnault was named one of the 100 most influential people in the world in the annual Time 100 issue of Time magazine.

• Arnault was elected the French Legion of Honor in 2007 and Grand Officer of the French Legion of Honor in 2011.

• In addition, Bernard Arnault was awarded the Corporate Citizenship Award from the Woodrow Wilson International Center for Scholars.

• For the first time in the last 7 years, Bill Gates has slipped from the first or second place to the third place and Arnault took a lead of one place.

• Arnault is the chairman and CEO of LVMH since 1989.

• Arnault also has significant investments in Blue Capital and Netflix.

• Arnault’s second wife Hélène Mercier is a very good pianist.

• In 1987, LVMH entered the market, and Bernard Arnault became LVMH’s first shareholder by purchasing a large number of LVMH shares.

• After becoming the chairperson of LVMH, Arnault began recruiting new qualified talent into the company, removing many of the company’s top executives.

• Today LVMH’s business is spread across the globe and it is the world’s largest company in luxury products.

• Bernard likes to spend a lot of time with his family, he gives full time to his business as well as his family.

• His first marriage which lasted from 1973 to 1990 was with Anne Dewavrin and after that he married Helen Marcia which is going on till now.

• Bernard Arnault’s business today accounts for about 3% of the total GDP of France, and he too had to leave the country at some point.

• After the French Socialist Party came to power in 1981, Arnault and his family were forced out of the country and then he left France and moved to the US and started planning to start his family business in the United States. He returned in 1986 after the change of political scenario in France.

• Bernard is also a philanthropist. Some time ago, there was a lot of damage due to a fire in the Monted Dame cathedral church of the French capital, at that time Arnault donated about $ 650 million to the church.

• Since January 1, Bernard Arnault’s wealth has increased by about Rs 2.74 lakh crore, Barnard is the first person in Bloomberg’s list of 500 rich people whose net worth has increased so rapidly in such a short time.

• After completing his engineering degree, he joined his father’s construction company Ferret-Savinel and worked in his father’s company for about 5 years 1971-1976 and during this time he did his best to take the company forward very fast. Introduced efficiency. After this he convinced his father to move towards real estate.

• In 1976 Bernard Arnault persuaded his father to sell some of the company’s stock, and Arnault and his father would earn about 40 million French francs from selling these stocks. And he invested this money in the booming sector real estates of that time and made a good profit in real estates. And he changed the name of his father’s firm to Ferinel. In 1977, he became the CEO of this company.

• In 1979, Arnault made his father the President of this company.

• Bernard Arnault later bought the bankrupt textile company Boussac Saint-Frères, which owned Christian Dior’s fashion house, together with Antoine Bernheim for $15 million of his own.

• Arnault was also instrumental in establishing LVMH as a patron of the arts. His art collection includes works by Henry Moore, Klein, Picasso and Andy Warhol.

• Arnault owned the 70-metre (230 ft) converted research vessel Amadeus, which he sold in late 2015. He currently has a 101.5 m (approximately 333 ft) yacht symphony built by Fedship in the Netherlands.

Conclusion

If you have a glimpse on Bernard Arnault biography, then you will come to know that how Bernard Arnault accepted even the smallest to the big challenges in his life and went on taking advantage of every opportunity. As a result, today Bernard Arnault has become the richest man in the world. There is a lot to learn in the biography of Bernard Arnault, just your focus should be on what you can learn from him so that you can become a successful person in life.

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