Bernard Arnault's name came to light when his net worth surpassed Bill Gates' net worth on 20 June 2019 and he became the second richest person in the world by surpassing Bill Gates. But within a few days, Bill Gates came to his place. On 27 July 2019, Bernard Arnault had a net worth of $ 103.3 billion i.e. around Rs 7,18,980 crore and Bill Gates had a net worth of $ 104.7 billion. At the same time, in March 2019, Bernard Arnault beat Berkshire Hathway Chairman Warren Buffet to become the third richest person in the world.
Start of life-
Bernard Arnault was born in a business Roubaix in France on March 5, 1949 Family. He is a French businessman and investor and since 1989 is the Chairman & Chief Executive Officer of the 'LVMH Moet Hennessy Louis Vuitton' Company and the Main Shareholder of this company. After studying Highshool he studied engineering from Ecole Polytechnique in 1971. After graduation, he started working in the civil engineering 'Ferret Savinel' company of his father 'Jean Leon Arnault'.
And they quickly began to grow the company. In 1976, he convinced his father to sell some of the company's stakes to the company's Construction Division Liquidate. With which he earned 40 million French Francs and used these funds in the then Booming Sector - Real Estate. He then named his company 'Ferinel'.
Today, France's businessman, whose net worth is 3% of France's GDP, had to leave the country once.
After the French Socialists came to power in 1981, the Arnault Family was forcibly expelled from the country and then moved to the United States. And began planning to start a family business branch in the US. The Political Senerio Change in France in 1983 and then come back to France.
After the return to the country they began to invest Heavily in Lucrative (Beneficial) Business.
At the same time he started to buy companies and Christian Dior Brand & Le Bon Marche became Owner's Department Store and become CEO of Dior company in 1985. His company does business of LVMH- Fashion & Leather Goods. The company's revenue this year is $ 11.6 billion. Which is a 21% increase over last year's Comparison.
They are constantly investing -
In 1987, LVMH Company came on the market, bought a lot of shares of this company and became the first shareholder of the company. As of July 27, he holds approximately 48% shareholding of the LVMH company. These companies sell luxury goods worldwide. In the 90s he bought several companies such as Perfume Firm Guerlain (1994), Loewe (1996), Marc Jacobs (1997), Sephora (1997) & Thomas Pink (1990). In April 2019, the company bought Luxury Hotel & Restaurant Group Belmond for $ 3.2 billion. According to Forbes' list, their networth is 3% of France's GDP. He owns 75 brands of this company, and has 4590 stores worldwide.
More aspects of life
Bernard Arnault is married twice. His second wife is a Pianist. He has two children from the first marriage and three from the second marriage. His daughter Louis Vuitton - is the Vice President of the LVMH Company and is also a member of the Executive Committee.
An Active Philanthropist is also-
The Bernard owned LMVH company is associated with a number of Philanthropic Activities such as Humanitarian, Scientific & Medical Research Organizers.
Start of life-
Bernard Arnault was born in a business Roubaix in France on March 5, 1949 Family. He is a French businessman and investor and since 1989 is the Chairman & Chief Executive Officer of the 'LVMH Moet Hennessy Louis Vuitton' Company and the Main Shareholder of this company. After studying Highshool he studied engineering from Ecole Polytechnique in 1971. After graduation, he started working in the civil engineering 'Ferret Savinel' company of his father 'Jean Leon Arnault'.
And they quickly began to grow the company. In 1976, he convinced his father to sell some of the company's stakes to the company's Construction Division Liquidate. With which he earned 40 million French Francs and used these funds in the then Booming Sector - Real Estate. He then named his company 'Ferinel'.
Today, France's businessman, whose net worth is 3% of France's GDP, had to leave the country once.
After the French Socialists came to power in 1981, the Arnault Family was forcibly expelled from the country and then moved to the United States. And began planning to start a family business branch in the US. The Political Senerio Change in France in 1983 and then come back to France.
After the return to the country they began to invest Heavily in Lucrative (Beneficial) Business.
At the same time he started to buy companies and Christian Dior Brand & Le Bon Marche became Owner's Department Store and become CEO of Dior company in 1985. His company does business of LVMH- Fashion & Leather Goods. The company's revenue this year is $ 11.6 billion. Which is a 21% increase over last year's Comparison.
They are constantly investing -
In 1987, LVMH Company came on the market, bought a lot of shares of this company and became the first shareholder of the company. As of July 27, he holds approximately 48% shareholding of the LVMH company. These companies sell luxury goods worldwide. In the 90s he bought several companies such as Perfume Firm Guerlain (1994), Loewe (1996), Marc Jacobs (1997), Sephora (1997) & Thomas Pink (1990). In April 2019, the company bought Luxury Hotel & Restaurant Group Belmond for $ 3.2 billion. According to Forbes' list, their networth is 3% of France's GDP. He owns 75 brands of this company, and has 4590 stores worldwide.
More aspects of life
Bernard Arnault is married twice. His second wife is a Pianist. He has two children from the first marriage and three from the second marriage. His daughter Louis Vuitton - is the Vice President of the LVMH Company and is also a member of the Executive Committee.
An Active Philanthropist is also-
The Bernard owned LMVH company is associated with a number of Philanthropic Activities such as Humanitarian, Scientific & Medical Research Organizers.
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