by Bernard Arnault, a French businessman, fashion designer and art collector is worth an estimated $30 billion. This makes him the richest man in France and one of the richest people in the world. Arnault has a history of involvement in business and politics. He has been the Chairman and Chief Executive Officer (CEO) of LVMH since 2004, and was also its Deputy Chairman until his retirement in November 2014. He has also been President of the French Union of Chambers of Commerce and Industry since 1998, and is a member of the International Advisory Board for Swiss Re.
Bernard Arnault Net Worth
Bernard Arnault is the richest man in France and the world’s 44th richest person with a net worth of $12.9 billion as of 2019, according to Forbes. Born on October 8, 1937, in Paris, Bernard Arnault started his career at LVMH in 1965 as an apprentice buyer before rising through the ranks to become president and CEO in 1986. He has since led LVMH through a period of tremendous growth and innovation, including launching brands such as Louis Vuitton, Moet Hennessy, Givenchy, Fendi, Saint Laurent and Armani Exchange. Today, LVMH is one of the largest luxury conglomerates in the world with revenues exceeding $40 billion annually.
With such a vast fortune at his disposal, it’s no wonder that Bernard Arnault owns some of the most expensive properties on earth including La Reine Margot Palace in Monaco which costs an estimated $500 million; Le Château d’Écouen which he purchased for €25 million in 1998; and Villa Doria Pamphili on Capri which he bought for €140 million back in 2005. Outside of luxury goods and real estate, Bernard Arnault is also known for his generous philanthropic endeavors including funding arts projects around the world and supporting important political causes such as environmentalism and LGBT rights.
Bernard Arnault’s Marriage
Bernard Arnault, the Chairman and Chief Executive Officer of LVMH Moët Hennessy Louis Vuitton, is married to Caroline Roilette since 1984. The couple has two children. In a 2006 interview with Paris Match magazine, Arnault said that he had never had an affair and that he did not believe in them: “I don’t know what they’re called—I’ve never been involved in one… I see them as something artificial.”
Bernard Arnault’s Divorce
Bernard Arnault, the billionaire French art collector and business magnate, has announced his divorce from Françoise Bettencourt. The two were married for 36 years and have three children together. Arnault is said to be worth an estimated $32.1 billion. Arnault’s split from Bettencourt comes amid reports of a financial feud between the two as well as allegations of physical abuse by Bettencourt against her husband. Arnault has denied any wrongdoing and has stated that their separation is amicable.
Bernard Arnault Arrest
Bernard Arnault, the Chairman and Chief Executive Officer of LVMH, was arrested in Paris on Tuesday morning after being accused of tax evasion. Arnault is suspected of having hidden €1.2 billion ($1.5 billion) worth of income between 2008 and 2010, according to French media reports. He is also suspected of fraudulent misappropriation of public funds, the reports said.
Arnault was taken into custody following a five-hour police investigation at his home in Paris’s eighth arrondissement. The 63-year-old is being held at France’s La Sante prison in Nanterre, southeast of Paris, pending a bail hearing scheduled for Thursday.
LVMH has not released a statement on the arrest yet. However, Reuters reported that Arnault could face up to 10 years in jail if convicted on all charges.
Arnault has been CEO of LVMH since 1987 and its chairman since 1994. The company manufactures luxury goods including watches, eyewear, fashion items and fragrance products. It also owns Christian Dior, Yves Saint Laurent and Louis Vuitton brands. According to Forbes magazine’s 2018 estimate, Arnault’s net worth is $88.5 billion.
Bernard Arnault Properties
Bernard Arnault Net Worth is estimated at $30.2 Billion as of January 2019. Arnault, the founder and chairman of LVMH, is one of the richest men in the world. His net worth has been steadily increasing over the years due to his ownership stake in various luxury brands such as Louis Vuitton, Givenchy, and Christian Dior. However, some of his most recent ventures have caused investors to question his long-term financial stability.
For example, in early 2019 he announced plans to merge two of LVMH’s subsidiaries – Kering and PPR – which could create a company with a market value of around $57 billion. This move raised some eyebrows given that Kering has been struggling with debt issues and PPR has been mired in bribery allegations.
Bernard Arnault’s Children
Bernard Arnault is the richest man in the world with a net worth of $24.5 billion as of 2019, according to Forbes. He inherited his fortune from his father, who was also a wealthy business tycoon. Arnault is the chairman and CEO of LVMH, one of the world’s largest luxury goods companies.
He has been married three times and has six children. His first marriage was to Elizabeth Arnaud in 1962. They divorced in 1991 after having two children together. In 1995, he married Liliane Bettencourt, who is France’s richest woman and the widow of Louis Bouru, an heir to L’Oreal cosmetics fortune. They divorced in 2007 after having four children together. Arnault was previously arrested for assaulting his third wife in September 2017 but charges were later dropped due to lack of evidence.
Arnault is a philanthropist who has contributed millions of dollars to charity over the years. He is particularly passionate about supporting arts and culture initiatives around the world. He has donated more than $1 billion to various causes since 2000, including funding for new museums across Europe and support for cultural events such as the Paris International Film Festival and AFI Festivals
Conclusion
Bernard Arnault, the French fashion designer and chairman of LVMH, has a net worth of $27.7 billion as of 2019. Born in 1944 in a small town near Lyon, Arnaault started his career at age 20 as an assistant to Christian Dior. He eventually became head designer for the house and is widely credited with reviving its fortunes following World War II. In 1981, he founded his own label, Bernard Arnault. He remains one of the world’s most influential couturiers, with annual sales exceeding $5 billion.
