Bernard Arnault Biography And Net Worth, Louis Vuitton, Age, Cause Of Dealth, State, Nationality, Parents, Wife

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French billionaire Bernard Jean Étienne Arnault is also an investor and art collector. He is a co-founder, chairman, and CEO of the largest luxury goods firm in the world, LVMH Mot Hennessy – Louis Vuitton SE.

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Bernard Arnault Biography And Net Worth,

Full Name: Bernard Jean Étienne Arnault
Age: 73 year old @ 2022
Date Of Birth: March 5, 1949
Place of Birth: Roubaix, France
State Of Origin: Lille, France
Nationality: French
Parents: Father:  Ferret-Savinel

Mother: Marie-Josèphe Savinel

Religion: Christian
Wife: Anne Dewavrin (Divorced)

Hélène Mercier (Divorced)

Occupation: Art Collector – Entrepreneur & Business Person
Net Worth: $155.9 billion
Marital Status: Divorced
Children: Antoine Arnault, Alexandre Arnault, Delphine Arnault, Frederic Arnault And Jean Arnault

Bernard Arnault Biography

Arnault was born in Roubaix, France, on March 5, 1949. Maxence Van Der Meersch High School was where he attended. He then enrolled at the Ecole Polytechnique, where he earned an engineering degree in 1971. He began working for his father’s business the following year and made substantial contributions to its operations before taking the helm as president in 1979.

He traveled to the United States but did not like himself there. As a result, he returned to France and became the CEO of the luxury goods company Financière Agache. He purchased Boussac, a faltering business that also owned Christian Dior, Conforama, Peaudouce, and the Le Bon Marche department store.  Arnault’s main focus was Christian Dior, where he served as CEO beginning in 1985. In 1989, he bought the fashion and fragrance company.

Who Is Bernard Arnault

French billionaire Bernard Arnault, born in Roubaix, France, on March 5, 1949, is best known as the chairman and CEO of LVMH Mot Hennessy Louis Vuitton SA, the largest luxury goods firm in the world.

Arnault earned an engineering degree from the École Polytechnique in Paris. He took over Ferret-Savinel, his father’s construction business, in 1971. Eight years later, he renamed the business Férinel Inc. and altered the emphasis of the company to real estate.

Bernard Arnault Girlfriend – Wife

The couple split up in 1990. He married Canadian concert pianist Hélène Mercier in 1991, and the two went on to have three children.

Frequently Asked Questions About Bernard Arnault

What is Bernard Arnault  real name?

Bernard Jean Étienne Arnault

How old is Bernard Arnault ?

How Old Is Bernard Arnault ? At the time this essay was published, he was currently 73 years old. He was born on March 5, 1949.

Who is Bernard Arnault Girlfriend – Wife ?

The couple split up in 1990. He married Canadian concert pianist Hélène Mercier in 1991, and the two went on to have three children.

Bernard Arnault Children

How Much Is Bernard Arnault  Net Worth in 2022?

With a net worth of $155.9 billion, Bernard Jean Étienne Arnault is among the world’s wealthiest people according to Forbes. He is also an investor and an art collector.

Bernard Arnault Family ?

He married  Anne Dewavrin in 1973, and the two of them had Delphine and Antoine.   The couple split up in 1990.   He married Canadian concert pianist Hélène Mercier in 1991, and the couple went on to have three children: Alexandre, Frédéric, and Jean. Paris is the home of Mercier and Arnault.

Along with his niece Stephanie Watine Arnault, all five of Arnault’s children—Delphine, Antoine, Alexandre, Frédéric, and Jean—have formal positions in businesses that he owns or controls. Frédéric is the CEO of TAG Heuer, Jean is the Director of Marketing and Development at Louis Vuitton, and Alexandre is the Executive Vice President of Tiffany & Co, Since 2010, Xavier Niel, a French millionaire businessman involved in the telecommunications and technology sectors, has been dating Delphine Arnault, the daughter of Arnault.

Bernard Arnault Children ?

  1. Antoine Arnault
  2. Alexandre Arnault
  3. Delphine Arnault
  4. Frederic Arnault
  5.  Jean Arnault

Bernard Arnault Children

Bernard Arnault Cause Of Dealth ?

The businessman’s representatives formally declared Bernard Arnault’s survival on Wednesday, November 2. “He now joins the long list of famous people who have fallen for this scam. Stop trusting anything you read online; he is still alive and healthy, they advised.

Some supporters have expressed their outrage at the false article, claiming it was irresponsible, upsetting, and harmful to supporters of the adored businessman. Others claim that this demonstrates his incredibly widespread appeal.

Is Bernard Arnault The Owner Of Louis Vuitton?

Louis Vuitton SE, the world’s largest luxury goods company is owned by LVMH with about 63.5% of the voting power and a 47.44% ownership share (Bernard Arnault, the CEO, is one of the wealthiest persons in the world).

Who is the woner of louise vouitton

Is Bernard Arnault Still Alive?

On Wednesday, November 2, the businessman’s officials formally announced Bernard Arnault’s survival. “He now joins the long list of well-known figures who have been duped by this con. He is still alive and healthy, so stop believing whatever you read online, they advised.

Some followers of the adored businessman have expressed their indignation at the fake news, saying it was careless, upsetting, and damaging to them. Others argue that this shows how popular he is, across the board.

Bernard Arnault  Personal Life – Education

On March 5, 1949, Bernard Jean Étienne Arnault was born in Roubaix, France. His mother, Marie-Josèphe Savinel, was a fan of Dior. She was Étienne Savinel’s daughter. His father, civil engineer Ferret-Savinel owner and manufacturer, Jean Léon Arnault graduated from École Centrale Paris.

Arnault attended both the Lycée Faidherbe in Lille and the Lycée Maxence Van Der Meersch in Roubaix for his education. He received his degree from the École Polytechnique, France’s top engineering institution, in 1971.

Bernard Arnault Family – Parents

Who Are Bernard Arnault Parents? We promise that as time goes on, we will give you guys complete details and data about his family, including his siblings, parents, and a whole lot more. He hasn’t given any information about his father, siblings, or mother to the public.

Bernard Arnault Awards

  • Commandeur de la Légion d’Honneur (10 February 2007)
  • Grand Officier de la Légion d’Honneur (14 July 2011)
  • The Woodrow Wilson Award for Global Corporate Citizenship (2011)
  • Honorary Knight Commander of the Most Excellent Order of the British Empire (2012)
  • The Museum of Modern Art’s David Rockefeller Award (March 2014)

Bernard Arnault Art Collection

Art by Picasso, Yves Klein, Henry Moore, and Andy Warhol can be found in Arnault’s collection. Additionally, he played a significant role in making LVMH a well-known art supporter in France. The LVMH Young Fashion Designer was developed as a global contest available to college students studying fine arts. Each year, the winner receives a stipend to help launch their own label as well as a year of coaching.

He purchased Tajan, the first French auctioneer, and ran Phillips de Pury & Company, an art auction business, from 1999 until 2003. The Louis Vuitton Foundation building project was launched by Arnault in 2006. The structure was created by architect Frank Gehry and is devoted to creation and modern art.  The Foundation’s grand opening at the Jardin d’Acclimatation Paris was held on 20 October 2014.

Bernard Arnault State of Origin

Bernard Jean Étienne Arnault is from Roubaix, France, a city in northern France, located in the Lille metropolitan area on the Belgian border.

Bernard Arnault Career

Ferret-Savinel was where Arnault started his career in 1971, and he served as its president from 1978 to 1984. When the French government was about to select someone to lead the Boussac Saint-Frères empire, a textile and retail conglomerate that owned Christian Dior, in 1984, Arnault, a young real estate developer, heard about it, Arnault was able to acquire the Financière Agache, a manufacturer of luxury goods, with the aid of Antoine Bernheim, a senior partner of Lazard Frères.

Having won the bidding war for Boussac Saint-Frères by purchasing the group for a symbolic one franc, he then assumed management of Boussac Saint-Frères as CEO of Financière Agache. In addition to Christian Dior, Boussac owned the Peaudouce diaper company, the department store Le Bon Marché, and the retail outlet Conforama.

Arnault came up with the concept of assembling luxury brands in the 1980s.  He collaborated with Henry Racamier, president of Louis Vuitton, and Alain Chevalier, CEO of Mot Hennessy, to create LVMH in 1987.

In order to create a holding company with Guinness that controlled 24% of LVMH’s shares, Arnault contributed $1.5 billion in July 1988. Arnault invested $600 million to acquire 13.5% more of LVMH, making him the company’s largest shareholder, in reaction to concerns that the Louis Vuitton group was purchasing LVMH stock to create a “blocking minority.” The idea behind the creation of LVMH was that the conglomerate would be too big for one hostile raider. The hypothesis did not, however, account for internal takeover efforts.

Bernard Arnault art collection ,

He spent an additional $500 million in January 1989 to amass a total of 43.5% of LVMH’s shares and 35% of its voting rights, giving him the “blocking minority” he required to prevent the breakup of the LVMH group. After that, he turned on Racamier, deposed him, and removed him from the board of directors. He was overwhelmingly chosen to serve as the executive management board’s chairman on January 13, 1989.

On March 7, 2011, Arnault declared his intention to make a tender offer for the remaining shares, which were owned by the public, after purchasing 50.4% of the family-owned shares of the Italian jewelry company Bulgari. The $5.2 billion transaction had value. LCapitalAsia was founded in 2011 thanks to a $641 million investment from Arnault. According to a 7 March 2013 National Business Daily article, Chinese clothing manufacturer Xin Hee Co., Ltd. and Arnault’s private equity group LCapitalAsia would help mid-priced clothing brand QDA launch stores in Beijing.

Arnault and the Italian fashion house Marco De Vincenzo formed a joint venture in February 2014, with Arnault acquiring a 45% share in the business. DKNY was sold by LVMH to G-III Apparel Group in 2016. As part of the integration of the entire Christian Dior brand under LVMH, Arnault announced in April 2017 the acquisition of Christian Dior’s haute couture, leather, men’s and women’s ready-to-wear, and footwear lines.

By January 2018, Arnault had successfully guided the business to record sales of €42.6 billion in 2017, an increase of 13% over the previous year, with solid results across all businesses. The net profit rose 29% in the same year. Arnault intended to buy Tiffany & Co. in November 2019 for roughly $16.2 billion in US dollars. By June 2020, the deal was supposed to be finalized. Then, in September 2020, LVMH released a statement saying that the acquisition would not go through and that the agreement was “void” due to Tiffany’s management of the company during the COVID-19 outbreak. Tiffany then sued LVMH, requesting that the court order the acquisition or impose damages on the defendant; LVMH intended to respond by suing back, claiming that Tiffany’s mismanagement rendered the purchase agreement void.

According to a dependable source who spoke to Forbes (magazine) in mid-September 2020, Arnault’s decision to back out of the Tiffany acquisition was made solely for financial reasons because Tiffany was paying out millions of dollars in dividends to shareholders despite suffering a financial loss of US$32 million due to the pandemic. Arnault examined Tiffany’s financial records and found that approximately US$70 million had already been distributed, with a further US$70 million slated to be distributed in November 2020.

The initial buyout plan was approved by Tiffany and LVMH in late October 2020, but at a price of roughly $16 billion, a little decrease of 2.6% from the aforementioned contract. The revised agreement reduced the price per share that LVMH paid from $135 to $131.50. In January 2021, LVMH completed the acquisition of Tiffany.LVMH has developed under Arnault’s direction to become the largest company in the Eurozone by market capitalization, with a record of 313 billion euros ($382 billion) as of May 2021.   Decentralizing the group’s brands has been advocated by Arnault as a business strategy. These actions nonetheless allow for the perception of LVMH brands like Tiffany as autonomous companies with distinct histories.  On May 24, 2021, Arnault briefly surpassed Jeff Bezos as the richest person in the world with a net worth of 187.3 billion dollars. But a few hours later, Amazon’s stock began to rise, and Jeff Bezos recaptured the top spot.

Bernard Arnault Net Worth

With a net worth of $155.9 billion, Bernard Jean Étienne Arnault is among the world’s wealthiest people according to Forbes. He is also an investor and an art collector.

Bernard Arnault Biography And Net Worth,

In Conclusion

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