Who Is Bernard Arnault? Meet World’s Richest Person Alive Who Once Again Beat Elon Musk
Bernard Arnault is the CEO and Chairman of LVMH (Louis Vuitton Moët Hennessy), which is the world's largest luxury goods company. LVMH owns brands such as Louis Vuitton, Christian Dior, Fendi, Givenchy, and many others.
Bernard Arnault LVMH
Bernard Arnault has a net worth of $211.2 billion, making him the richest person in the world, as per Forbes Real-Time Billionaires List on March 3. He beat Elon Musk to regain the top spot as the tech billionaire’s current net worth stands at $187 billion.
Bernard Arnault: Net Worth of World’s Richest Person
Bernard Arnault studied engineering at the École Polytechnique in Paris. After graduating, he worked for his father's construction company before moving into the luxury goods industry.
Bernard Arnault: Education
Bernard Arnault is also known for his extensive art collection, which includes works by Picasso, Yves Klein and Andy Warhol, among others. He is the founder of the Fondation Louis Vuitton, a contemporary art museum in Paris.
Bernard Arnault:
Art Collector
Bernard Arnault has worked closely with Nicolas Ghesquiere, the artistic director of Louis Vuitton's women's collections, for many years. Ghesquière has helped to revive the brand's fashion offerings and has been credited with bringing a fresh perspective to the company.
Bernard Arnault and Nicolas Ghesquiere revive LV
Bernard Arnault has been involved in several controversies over the years, including a tax evasion scandal in 2012. However, he has largely managed to avoid significant legal consequences and has continued to grow his business empire.
Bernard Arnault:
Controversies
Bernard Arnault has made a commitment to sustainability and has been working to reduce the environmental impact of LVMH's operations. The company has set a goal of becoming 100 per cent renewable or low-carbon energy in all locations and stores by 2026.
Bernard Arnault:
Sustainability
Bernard Arnault has donated millions of dollars to various charitable causes over the years, including the fight against COVID-19. He also pledged to donate $226 million to the Notre Dame cathedral rebuilding efforts following the devastating fire in 2019.
Bernard Arnault:
Philanthropist
Despite his high profile and busy schedule, Bernard Arnault is said to be a devoted family man. He has five children and is married to Hélène Mercier, a Canadian pianist.
Bernard Arnault: Family
Bernard Arnault has been recognized for his contributions to the fashion industry and his philanthropic work. He has received awards and honours from organisations such as the French Legion of Honor and the Museum of Modern Art in New York.