Bernard Arnault & family Billionaire

By | October 27, 2023
Bernard Arnault & family Billionaire
Bernard Arnault & family Billionaire
Personal Stats
Source of Wealth
Paris, France
Marital Status
Bachelor of Arts/Science, Ecole Polytechnique de Paris
About Bernard Arnault & family

Bernard Arnault leads the LVMH conglomerate, which encompasses a portfolio of 75 fashion and beauty brands, including prestigious names like Louis Vuitton and Sephora.

In a landmark move, LVMH completed the acquisition of American jeweler Tiffany & Co in 2021 for a staggering $15.8 billion, marking one of the most significant luxury brand acquisitions in history.

Arnault’s holding company, Agache, provides support to the venture capital firm AglaĆ© Ventures, which holds investments in various businesses, including prominent names like Netflix and the parent company of TikTok, ByteDance.

Arnault’s entry into the luxury industry began with a $15 million investment from his family’s construction business, which he used to purchase Christian Dior in 1984.

Notably, all five of Arnault’s children are actively engaged in the operations of LVMH. In July 2022, he put forth a proposal to reorganize his holding company, Agache, with the aim of distributing equal ownership stakes to his children.

Read more: Billionaires – The Richest in 2023

Bernard Arnault & family Billionaire

Click here for trending news!

Bernard Arnault & family Billionaire

2 thoughts on “Bernard Arnault & family Billionaire

  1. Pingback: Elon Musk Biography - Jturks

  2. Pingback: Billionaires - The Richest in 2023 - Jturks

Leave a Reply

Your email address will not be published. Required fields are marked *