Bernard Arnault Net Worth in Rands
In the fashion industry, a name that gets all the limelight is Bernard Arnault. He is a French luxury fashion business icon whose net worth will shock you. Those who are here must be interested in Bernard Arnault’s net worth, and we won’t keep you waiting for long.
So, let’s start today’s journey and look at the financial success of Bernard Arnault. He is one of the world’s richest people with billions of dollars in net worth, but to figure out the exact figures, keep on reading this article.
Bernard Arnault and His Net Worth
- Complete Name: Bernard Jean Etienne Arnault
- Profession: CEO of LVMH (Moet Hennessy Louis Vuitton)
- Salary per Month: R163274320.00
- Estimated Net Worth: R 3701364832000.00
- Other Income Sources: Apart from earnings from his CEO position at the famous luxury brand Louis Vuitton, his investments and holdings in several luxury brands bring him additional money.
Bernard Arnault is a 74-year-old French businessman who is the founder, chairman, and CEO of the world’s biggest luxury brand, Moet Hennessy Louis Vuitton. Besides his successful journey in building his fashion empire, he loves to collect unique fine arts pieces and is a philanthropist, as well as a ruthless businessman.
Recently, with R 3 Thousand 700 Million Rands net worth, Bernard Arnault became the richest person in the world. His primary source of income is his role as CEO of the famous luxury brand LV, but he also collects immense wealth from TAG Heuer, Dom Perignon, and multiple other luxury brands that are part of his business empire. Also, besides LVMH, he enjoys profits from two wineries, Princess Yachts, and the largest supermarket chain in France, Carrefour.
His several billion dollars net worth got him the second spot of the world’s wealthiest man. Read ahead to know more about Bernard Arnault’s successful career journey.
Bernard Arnault’s Career as Businessman
Bernard Arnault’s business journey started in 1971 with Ferinel, a real estate company he used as the foundation of his future success. After a few years, luxury fashion brands got his interest, and he shifted to the fashion and luxury goods industry. He stepped into the fashion and luxury goods world by acquiring Christian Dior in 1984, and according to recent reports, he owns 97.4% stakes in Christian Dior.
Establishment of LVMH
In 1987, he took a step forward by establishing his luxury brand and merging Moet Hennessy with Louis Vuitton. After two years, he became the CEO and chairman of LV, and he has held that position to date. This luxury conglomerate gave him immense success.
Today, his business empire, LVMH, is home to more than 70 iconic luxury brands, including Louis Vuitton, Christian Dior, Sephora, Givenchy, and the list goes on. All these brands add a substantial amount to his overall wealth.
He did not get everything overnight. Through strategic acquisitions and wise partnerships with luxury brands, he expanded his global presence, and now he controls more than 75 prestigious brands under LVMH.
Additional Income Sources
Luxury Brand Stakes
LVMH and the CEOship of LV are not Bernard Arnault’s sole income sources. He makes billions by investing and holding stakes in the fashion and tech companies. He controls Tiffany & Co., Fendi, Bulgari, Christian Dior, Givenchy, Loewe, Princess Yachts, and other prestigious luxury brands under LVMH.
Art Collection
His love and interest in art can be seen in his art collection. He owns many art pieces by renowned painters and artists like Picasso, Henry Moore, and Yves Klein. His investment in the art pieces of famous artists also adds a substantial amount to his bank.
Business Ventures
As mentioned earlier, Bernard Arnault started with a real estate company. His experience in strategic investments and high-end properties is helping him to date. Apart from real estate, luxury fashion, jewelry, and cosmetic brands, he has invested in ByteDance, the parent company of Netflix and TikTok, which adds a significant amount to his total earnings.
If you have read the article up until now, you must have an idea of how diverse Bernard Arnault’s income sources are. Although his business empire is quite successful, he still invests strategically in various luxury brands that might make him the wealthiest person in the world one day.
Bernard Arnault’s Assets
Houses
Bernard owns a beautiful house in Paris, and according to reports, his home is worth R 3,755,955,800. His house has a huge garden and pool, underground parking, and other amenities that make this 12-acre space a lavish home. Moreover, this mansion is a beautiful blend of traditional and modern architecture; for this reason, it is also one of the most famous mansions in Paris.
Bernard Arnault also owns a house in the Alps, the Chateau Cheval Blanc. It was first created for professional and social trips. He bought this property in 1998.
This house has a Chalet, Penthouse, and 34 luxurious rooms with a pool, sauna, etc., that add a lavish touch to the property. Additionally, it is surrounded by a wonderful vineyard that adds natural beauty to its property.
Bernard also owns five luxurious mansions in Beverly Hills. All of these houses are worth R 2332314930 collectively. These houses are located in the Trousdale Estates and Bird Streets neighborhood.
Arnault also owns a luxury villa in Lyn Park, 30 km north of London. He bought this land in 2000 and built the villa later.
Yachts and Jets
As you know, Bernard Arnault owns the luxury Dutch and British yacht manufacturing firms Royal Van Lent and Princess Yachts. How is it possible he doesn’t own a yacht? He owns a luxury yacht named Symphony.
This yacht is worth R 2844286500.00, and it is one of the largest yachts in the world. This luxury yacht has a pool, outdoor cinema, jacuzzi, gym, and many other lavish features. Surprisingly, this yacht also has a helicopter pad.
He owns a private jet, Dassault Falcon 7X. He bought his private jet for R750,228,000.00. Before Dassault Falcon 7X, he had a Bombardier Global Express 6000 and a Bombardier Global 7500.
Island
Lavish homes and yachts are not the only things he owns. Bernard Arnault has an elite taste, and his property is not limited to houses. Besides his other luxury possessions, he owns a133 133-acre island in the Bahamas worth R 663666850.00.
Cars
Bernard Arnault is a fan of automobiles, and his luxury car collection reflects his rich taste in sports and luxury cars. He owns six Ferraris, including Ferrari 599 XX, La Ferrari Aperta, Ferrari 599 SA Aperta, Ferrari F40, Ferrari Enzo, and Ferrari Sergio.
He also owns a limited-edition Aston Martin One-77. This car is only built for 77 people and is worth around R 31,866,457.50.
He also owns an Aston Martin DB AR1. He loves Bugagti and owns three models of this luxury car brand, including the Buggati Veyron Grand Sport Vitesse, Buggati Veyron Sang Noir, and Buggati EB110 Super Sport.
Bernard Arnault also owns a Mercedes Benz SLR McLaren Stirling Moss. This limited 650-horsepower supercar owns R 65,629,504.50. His car collection also has a BMW 7, mostly like his daily transportation.
Who is the top 10 richest in the world?
The top ten richest people in the world are Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, Warren Buffett, Bill Gates, Mark Zuckerberg, Larry Page, Sergey Bin, and Steve Ballmer.
What is Louis Vuitton’s net worth?
Bernard Arnault is the owner of Louis Vuitton, and its net worth is around R 3 Thousand 700 Million Rands.
What companies does Bernard Arnault own?
Bernard Arnault owns 75 luxury brands under his massive business conglomerate Moet Hennessy Louis Vuitton, LVMH. These include Louis Vuitton, Christian Dior, Sephora, Givenchy, and many more.
Who owns luxury brands?
Arnault is the owner of most luxury brands in the world. He manages 75 brands in his LVMH business portfolio. These include Loro Piana, Kenzo, Celine, Sephora, Louis Vuitton, Givenchy, etc.
In conclusion, Bernard Arnault’s career is full of ups and exciting visionary decisions that made him a billionaire. From his career start-up from Ferinel to establishing an empire of luxurious brands, he has surely come a long way. His strategic investments and wise decisions crowned him the second-richest man in the world.
Bernard Arnault’s net worth reflects his financial success in the fashion industry and business. He is undoubtedly a brilliant entrepreneur who now controls 75 luxury brands under the name of Moet Hennessy Louis Vuitton.
