Bernard Arnault Net Worth $107.6 billion
Bernard Arnault salary $1
Bernard Arnault Net Worth: How rich is Bernard Arnault? & How much money is Bernard Arnault worth? Time to find out!
Bernard Arnault is currently one of the richest people in the world with a net worth of $107.6 Billion. He is the CEO of LVMH which stands for Louis Vuitton Moet Hennessy.
He is a French business magnate, investor and art collector and currently the richest man in fashion.
His net worth increased by close to 40 billion dollars since 2017, because of strategic acquisitions of multiple luxury fashion houses such as Christian Dior. In 2019 alone his personal wealth increased by 39 billion dollars.
We made an entire video on 15 things you didn’t know about Bernard Arnault which you can watch here, or at the bottom of this profile!
How did Bernard Arnault get started?
His father made a small fortune in construction; Arnault put up $15 million from that business to buy Christian Dior in 1985.
LVMH was created in 1987 and one year later Bernard Arnault silelently acquired a majority stake in the company.
With a clear vision for what a luxury brand should be, he leveraged the heritage of the brands he continued to acquire in order to get to where he is today.
You can shop for Louis Vuitton Products here!
Our favorite Bernard Arnault Quotes:
”What I love is to win. What I love is being number one.”
”I see myself as an ambassador of French heritage and French culture. What we create is emblematic. It’s linked to Versailles, to Marie Antoinette.”
How does Bernard Arnault make money?
He is the CEO of LVMH, an umbrella company which owns over 70 reputable luxury brands and fashion houses.
Here are just some of the brands owned by LVMH: Dior, Louis Vuitton, MOET, Hennessy, Kenzo, Fendi, Mark Jacobs, Hublot, TAG Heuer, Dom Perignon and more.
Sales for the luxury products have increased dramatically in the last couple of years and this is has reflected positively towards his net worth.