Bernard Arnault & family Billionaire
- Age
- 74
- Source of Wealth
- LVMH
- Residence
- Paris, France
- Citizenship
- France
- Marital Status
- Married
- Children
- 5
- Education
- Bachelor of Arts/Science, Ecole Polytechnique de Paris
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 Aglaé 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
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