Bernard arnault children
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Bernard Arnault: The Inspirational Success Story of LVMH
Bernard Arnault: The Inspirational Success Story of LVMH.
Bernard Jean Étienne Arnault is a French businessman, the chairman and CEO of LVMH and the world's richest man in 2024, according to Forbes.
Early Life
Bernard Jean Étienne Arnault was born on 5 March 1949 in Roubaix. His mother, pianist Marie-Josèphe Savinel had a deep admiration for Dior. His father, Jean Léon Arnault, a manufacturer and École Centrale Paris alumnus, ran the civil engineering firm Ferret-Savinel. Growing up in Catholic household, influenced by his strict grandmother from Auvergne, Arnault took piano lessons. He studied at the Lycée Maxence Van Der Meersch in Roubaix and the Lycée Faidherbe in Lille, which accommodates boarders and prepares students for prestigious grandes écoles. He graduated from leading engineering school - the École Polytechnique.
Inspiration and Success
Bernard Jean Étienne Arnault joined his father's firm (Ferret-Savinel) after his graduation in 1971. He was its president from 1978 to 1984.
In 1984, Arnault, wh
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Who Is Bernard Arnault and What Companies Does LVMH Own?
As chair and CEO of LVMH (Moët Hennessy Louis Vuitton SA), a luxury goods holding company, Bernard Arnault (born 1949) controls approximately 50% of a massive conglomerate that owns more than 70 of the top luxury brands in the world, including Christian Dior, Louis Vuitton, Moët et Chandon, Hennessy, Sephora, TAG Heuer, and Tiffany.
Key Takeaways
- As a young man navigating the U.S. market, Arnault developed ambitions far beyond his family's construction and real estate business—and he began looking for an enterprise he could scale, ideally "a business with French roots and international reach."
- Arnault acquired Boussac, a famous (but floundering) textile and retail empire with several struggling businesses under its umbrella—including a prize that he had coveted for years: The House of Dior.
- The highly effective—but, some said, ruthless—methods he used to turn around Boussac, which had collapsed in the largest bankruptcy in postwar French history, made Arnault known as "a force to reckon with in Frenc
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Bernard Arnault
French businessman (born 1949)
Bernard Jean Étienne Arnault (French:[bɛʁnaʁʒɑ̃etjɛnaʁno]; born 5 March 1949) is a French businessman, investor and art collector.[2][3] He is the founder, chairman and CEO of LVMH, the world's largest luxury goods company. Arnault is one of the richest individuals in the world, with an estimated net worth of US$199.7 billion as of September 2024[update], according to Forbes and US$208 billion according to Bloomberg Billionaires Index.[4]
Born in Roubaix, Arnault was raised in a devoutly Catholic household. He pursued Engineering at École polytechnique, graduating in 1971. He began his career in his father's company, Ferret-Savinel, shifting its focus to real estate, which laid the groundwork for his future career in the luxury goods market.
Arnault's entry into the luxury sector was marked by his strategic acquisition in 1984 of the financially-struggling textile and retail conglomerate Boussac Saint-Frères, which included the prestigious fashion house Christian Dior.
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