Bernard Arnault is one of the richest people in the world and a top business magnate and investor in France. Bernard is the chairman and Chief Executive Officer of LVMH Moet Hennessy Louis Vuitton Company since 1989. He is also the biggest shareholder of this Company. Barnard was born in Roubaix as the son of a businessman. He enrolled at the prestigious Ecole Polytechnique after completing high school and also received a degree in engineering.
Bernard convinced his father of the business strategy in the real estate sector and found significant success in the field. He stated many companies, now he is finally top businessman in the world. Bernard has the biggest shareholder in many Companies but now he is LVMH’s first shareholder.
Childhood & Early Life
Bernard was born in Roubaix, France in March 1949. He is also known as Bernard Jean Etienne Arnault . His father was a businessman who was a civil engineering company, Ferret-Savinel. He enrolled in the prestigious Ecole Polytechnique and received a degree in engineering in 1971.
Career
He joined his father’s business after completing his study. He started his journey to enhance the business with strong strategies in 1976 and successfully convinced his father to liquidate the division of the Company.
Bernard invested a million French Frances from the liquidation of the construction, and then he invested in real estate business to the booming sector. He became the director of company development, 1974 and CEO, 1977. In 1979, he succeeded his father as president of the company. When French socialists come into power, they forced Arnault and his family to move to the United States. Later, He began to build a U.S. branch of his family’s property business. But he returned to his home
He was invited to invest in LVMH by the company’s chairman Henri Racamier in 1987. Bernard was interested to invest through a joint venture with Guinness PLC 24% in LMH’s shares. His presence in this company reaches a long way; he controls over 43.5% of the shares of LVMH with 35% of the voting rights.
Major Work
Bernard Arnault’s was an extension of the luxury good conglomerate LVMH. With his characteristic determination and ruthlessness, he appeared in the systematic and well-calculated. The net worth of Bernard is $37.5 billion.
Awards and Achievements
He was awarded a Commander of the French Legion of Honour in 2007 and Grand Officer of the French Legion of Honour in 2011.