• Latest
  • Trending
How Bernard Arnault Makes And Spends His $158 Billion Dollars

How Bernard Arnault Makes And Spends His $158 Billion Dollars

December 29, 2022
Russia Defending Itself To Achieve Peace, Lavrov

Russia Defending Itself To Achieve Peace, Lavrov

February 2, 2023
Ukraine Feared Belarus Intervention Following Minsk Declaration

Ukraine Feared Belarus Intervention Following Minsk Declaration

February 2, 2023
Crown Prince Salman Discussed Bilateral Relations With The French Foreign Minister

Saudi Arabia: Crown Prince Salman Discussed Bilateral Relations With The French Foreign Minister.

February 2, 2023
ADVERTISEMENT
Australia To Do Away With British Monarchy On Currency

Australia To Do Away With British Monarchy On Currency

February 2, 2023
Philippines Strengthen Military Relations With The US

Philippines Strengthen Military Relations With The US

February 2, 2023
DONATE
  • TalkOn
  • Vetted
  • Advertise
Forsige
No Result
View All Result
  • Login
  • AfricaNEWS
  • AmericaNEWS
  • AsiaNEWS
  • EuropeNEWS
Forsige
  • AfricaNEWS
  • AmericaNEWS
  • AsiaNEWS
  • EuropeNEWS
No Result
View All Result
Forsige
No Result
View All Result

How Bernard Arnault Makes And Spends His $158 Billion Dollars

Bernard Arnault is the chairman and CEO of LVMH, the world's largest luxury goods company. With a net worth of over $200 billion, Arnault is one of the wealthiest people in the world and has made his fortune through a combination of shrewd business investments and a keen eye for identifying and acquiring successful luxury brands. In this article, we take a closer look at how Arnault makes and spends his billions.

Nasiru Eneji Abdulrasheed by Nasiru Eneji Abdulrasheed
in Billionaire
A A
How Bernard Arnault Makes And Spends His $158 Billion Dollars

How Bernard Arnault Makes And Spends His $158 Billion Dollars. Photo Credit: Getty Image.

0
SHARES
12
VIEWS
Share on FacebookShare on Twitter

Bernard Arnault is a French billionaire businessman and the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company.

With a net worth of over $200 billion, Arnault is one of the wealthiest people in the world and has made his fortune through a combination of shrewd business investments and a keen eye for identifying and acquiring successful luxury brands.

Arnault was born in 1949 in Roubaix, France, and grew up in a family of industrialists. His father was the owner of a construction company, and Arnault worked for the company after completing his education.

However, he had always been interested in the luxury goods industry and eventually took over the family business, which he transformed into a luxury goods holding company.

In 1984, Arnault acquired Christian Dior, a luxury fashion house that was struggling financially at the time. He invested heavily in the brand, bringing in new designers and modernizing the company’s operations.

This investment paid off, and Christian Dior quickly became one of the most successful luxury brands in the world.

RelatedPosts

How Larry Page Makes And Spends His $111 Billion Dollars

How Larry Page Makes And Spends His $111 Billion Dollars

December 29, 2022
How Warren Buffet Makes And Spends His $118 Billion Dollars

How Warren Buffet Makes And Spends His $118 Billion Dollars

December 29, 2022

In 1987, Arnault expanded his luxury goods empire by acquiring Moët Hennessy, a leading producer of champagne and cognac.

He then merged the company with Louis Vuitton, a luxury luggage and fashion brand, to form LVMH. Under Arnault’s leadership, LVMH has continued to grow and now includes over 70 luxury brands in a variety of sectors, including fashion, beauty, jewellery, and spirits.

One of the keys to Arnault’s success has been his ability to identify and acquire successful brands. He has a reputation for being a tough negotiator and is known for being willing to pay top dollar for companies that he believes will be successful additions to the LVMH portfolio.

Some of the brands that Arnault has acquired over the years include Fendi, Marc Jacobs, and Sephora.

In addition to his work with LVMH, Arnault is also known for his philanthropic efforts. He has donated millions of dollars to various charitable causes, including education and the arts.

He is also a patron of the arts and has supported a number of cultural institutions, including the Louvre Museum in Paris and the Metropolitan Museum of Art in New York.

As one of the wealthiest people in the world, Arnault has a lavish lifestyle and is known for his love of luxury. He owns several homes around the world, including a mansion in Paris, a villa in the south of France, and a penthouse in New York City.

He is also an avid art collector and has amassed a collection of paintings and sculptures by some of the world’s most famous artists.

In addition to his personal wealth, Arnault is also a major shareholder in LVMH and has a significant amount of his net worth tied up in the company’s stock.

He has a reputation for being a savvy investor and has made a number of successful investments over the years, including in technology companies and real estate.

Despite his wealth and success, Arnault has faced some controversy over the years. In 2020, he was accused of making racist remarks about Chinese consumers, which sparked outrage and calls for a boycott of LVMH brands. Arnault later apologized for his comments and stated that he did not intend to offend anyone.

Overall, Bernard Arnault is a highly successful businessman who has made his fortune through a combination of shrewd business investments and a keen eye for identifying and acquiring successful luxury brands.

With a net worth of over $200 billion, he is one of the wealthiest people in the world and is known for his love of luxury and his philanthropic efforts.

ShareTweetSendShareSend

Trust Forsige for the stories that matter: Subscribe to get real time updates.

Unsubscribe
Nasiru Eneji Abdulrasheed

Nasiru Eneji Abdulrasheed

I'm a senior member at Forsige covering topics on diplomacy, politics, technology, and foreign policy relating to Africa, the United States, and the World.

Related Posts

How Larry Page Makes And Spends His $111 Billion Dollars
Billionaire

How Larry Page Makes And Spends His $111 Billion Dollars

by Nasiru Eneji Abdulrasheed
December 29, 2022
How Warren Buffet Makes And Spends His $118 Billion Dollars
Billionaire

How Warren Buffet Makes And Spends His $118 Billion Dollars

by Nasiru Eneji Abdulrasheed
December 29, 2022
How Bill Gates Makes And Spends His $129 Billion Dollars
Billionaire

How Bill Gates Makes And Spends His $129 Billion Dollars

by Nasiru Eneji Abdulrasheed
December 29, 2022
How Jeff Bezos Makes And Spends His $171 Billion Dollars
Billionaire

How Jeff Bezos Makes And Spends His $171 Billion Dollars

by Nasiru Eneji Abdulrasheed
December 25, 2022
How Tony Elumelu Makes And Spends His $700 Million Dollars
Billionaire

How Tony Elumelu Makes And Spends His $700 Million Dollars

by Nasiru Eneji Abdulrasheed
January 1, 2023
Load More
Next Post
How Bill Gates Makes And Spends His $129 Billion Dollars

How Bill Gates Makes And Spends His $129 Billion Dollars

How Warren Buffet Makes And Spends His $118 Billion Dollars

How Warren Buffet Makes And Spends His $118 Billion Dollars

How Larry Page Makes And Spends His $111 Billion Dollars

How Larry Page Makes And Spends His $111 Billion Dollars

ADVERTISEMENT

Popular Articles

  • How Larry Page Makes And Spends His $111 Billion Dollars

    How Larry Page Makes And Spends His $111 Billion Dollars

    0 shares
    Share 0 Tweet 0
  • Elon Musk Testifies in Court says ‘No Ill Motive’ Behind Tweet about Privatizing Tesla

    0 shares
    Share 0 Tweet 0
  • How Tony Elumelu Makes And Spends His $700 Million Dollars

    0 shares
    Share 0 Tweet 0
  • Elon Musk Hints At Buying Substack To Challenge Mainstream Media

    0 shares
    Share 0 Tweet 0
  • How Bill Gates Makes And Spends His $129 Billion Dollars

    0 shares
    Share 0 Tweet 0
  • Google employee resigns saying the company silences Palestinians after making a $1 billion deal with Israel army

    0 shares
    Share 0 Tweet 0
  • How Elon Musk Makes And Spends His $300 Billion Dollars

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT

Connect With Us

ADVERTISEMENT

Talk On

Help Develop Forsige

Vetted

Shop on Forsige

Creator Program

Write & Earn

Advertise

Advertise on Forsige

Forsige Council

Become a Member

Company Info

Write for Us

Advertise

About

Contact

Privacy

Terms & Condition

FAQ

Products

Forsige Africa

Forsige Asia

Forsige Europe

Forsige America

Forsige Vetted

TalkOn Forsige

Forsige Council

Categories

Climate Change

Market

Science

Health

Investment

Sport

Travel

Entertainment

Forsige

Profiles

Influencers

Billionaires

Quotes

Money

Leadership

Innovation

Entrepreneurship

© 2022 – Forsige Media - All Right Reserved. Designed and Developed by Qlute

No Result
View All Result
  • BREAKING
    • Africa
    • America
    • Asia
    • Europe
  • Billionaire
  • Business
  • Climate Change
  • Diplomacy
  • Economy
  • Entertainment
  • Entrepreneurship
  • Health
  • Influencers
  • Innovation
  • Investmnet
  • Leadership
  • Market
  • Money
  • Politics
  • Science
  • Sport
  • Technology
  • Travel

@2022 - Forsige Media - All Right Reserved. Designed and Developed by Qlute Studio

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Manage Cookie Consent
All Forsige Media websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings below.

 

 

 
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage vendors Read more about these purposes
View preferences
{title} {title} {title}