Bernard Arnault Net Worth 2023💘Biography, Career, Personal Life

Bernard Arnault is a French businessman who has led the Louis Vuitton corporation since 1989 as its chief executive officer. He is the wealthiest man in France and among the wealthiest in the world because he is the majority shareholder in the fashion company. Bernard Arnault’s net worth is estimated to be $188 billion in 2023.

Table of Content

Early Life

Bernard Arnault was born on 5 March 1949, in Roubaix, France. His mother, Marie-Josèphe Savinel, daughter of Étienne Savinel, had a “fascination for Dior”. His father, manufacturer Jean Léon Arnault, a graduate of École Centrale Paris, owned the civil engineering company Ferret-Savinel.

At age 17, he moved to Paris, where he attended École Polytechnique and earned an engineering degree in 1973. In 1976, he graduated from Stanford University with a master’s degree in applied mathematics and economic science. During his education at Stanford, Arnault worked as a night-shift desk clerk at Hotel Tous Rives near Lake Lagunita for one year.

Full NameBernard Jean Étienne Arnault
Nick NameBernard Arnault
Date of BirthRoubaix, France
Birth Place5 March 1949
Age 73 Years
Height 6′ 0″ feet
Weight80 kg
Eye ColourBlue
Hair ColourGrey
SchoolLycee Maxence Van Der Meersch
CollegeEcole Polytechnique
ReligionChristian
NationalityFrench
GenderMale
Kids/Children5 Kids
ProfessionChief Executive of LVMH
FatherJean Leon Arnault
MotherMarie-Josephe Savinel
SpouseHélène Mercier (m. 1991)
Anne Dewavrin (m. 1973–1990)
Net Worth $188 billion

Bernard Arnault’s Wife and Family

Bernard married Anne Dewavrin in 1973, and they have two kids, Delphine and Antoine. They separated in 1990. Bernard married Canadian concert pianist Hélène Mercier in 1991, and they have three children: Alexandre, Frédéric, and Jean.

Hélène Mercier and Bernard Arnault are currently based in Paris.  Delphine, Antoine, Alexandre, and Frédéric, along with Arnault’s niece Stephanie Watine Arnault, all have official responsibilities in brands held by him. Delphine Arnault, Arnault’s daughter, has been the partner of Xavier Niel, a French billionaire telecommunications and technology entrepreneur, since 2010.

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Bernard Arnault Career

Bernard joined his father’s business after graduating from college, with the goal of expanding the company’s horizons and diversifying into other profitable ventures.

Within the corporation, his first action was to persuade his father to dissolve the building section and collect the advantages. Following the dissolution of the construction company, the family began investing in real estate and became fairly rich.

Bernard rose fast through the ranks of the corporation, becoming director of development in 1974, CEO in 1977, and president in 1979, surpassing his father.

The family was compelled to relocate to America by the French Socialists in 1981, and they proceeded to prosper thereby expanding their real estate business to the United States.

When the firm Boussac Saint-Frères went bankrupt in 1983, Arnault saw a wonderful chance to grow in the textile industry. To finance his purchase of Boussac, he collaborated with Antoine Bernheim, a managing partner at Lazard Fréres, an investing business.

Arnault sold most of the company’s shares after acquiring it, keeping only the Christian Dior brand and the department store Le Bon Marché. He was the CEO of Dior by 1985.

Arnault was invited to invest in LVMH in 1987 and ultimately chose to engage in a joint venture with Guinness PLC.

He would continue to invest and obtain more shares of the company over the next few years. By 1989, he had taken control of 43.5% of the company’s stock and began replacing average personnel with new ones who would meet or surpass his objectives.

He continued to purchase a few other companies, including ‘Guerlain,’ ‘Marc Jacobs,’ ‘Sephora,’ and a few others, on a quest to partner with and create new enterprises.’Bernard Arnault’s net worth is estimated to be $188 billion in 2023.

Highlights

Here are some of the best highlights of Bernard Arnault’s career:

  • Became CEO of Ferinel (1977)
  • Invested $15 million in the purchase of Boussac Saint-Frères
  • Became CEO of Dior (1985)
  • Held 43.5% of shared in LVMH (Louis Vitton Moet Hennessey, 1989)

Q.1 Was Bernard Arnault born rich?

Ans. Arnault is the second-richest person in the world and the richest person from Europe, with an estimated net worth of US $188 billion according to Wikipedia.

Q.2 How many billionaires are there in the world in 2021?

Ans. 2,755 billionaires According to Forbes’s 2021 list of billionaires, there were 2,755 billionaires worldwide in 2021, for an average of. 35 billionaires per million people.

Q.3 What is the net worth of Bernard Arnault in 2023?

Ans. Bernard Arnault has an estimated net worth of US $188 billion according to Forbes.

Q.4 What is the age of Bernard Arnault?

Ans. Currently, Bernard Arnault is 72 years old (5 March 1949).

Q.5 What is the Salary of Bernard Arnault?

Ans. Bernard Arnault earns an estimated salary of $7 Billion per Year.

Q.6 What is the Height of Bernard Arnault?

Ans. The Height of Bernard Arnault is 1.85 m. (6’ 0”).

Q.7 What is the name of Bernard Arnault’s wife?

Ans. Bernard Arnault’s wife’s name is Hélène Mercier (m. 1991), Anne Dewavrin (m. 1973–1990).

Summary

Bernard Arnault is one of the world’s wealthiest individuals, and his fashion company has had a huge impact on the industry today.

He has achieved a lot of notoriety by designing some of the world’s finest and most exquisite fashion products, and he now has millions of customers all over the world.

Bernard Arnault’s net worth is estimated to be around $188 billion in 2023.

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