Who Is Bernard Arnault World's Richest Person

Bernard Arnault was born on March 5, 1949. His real name is Bernard Jean Étienne Arnault.

Image Source: Wikimedia Commons

Arnault is a French business tycoon and investor. He is the co-founder of the world's largest luxury goods company, LVMH.

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Arnault graduated from the École Polytechnique with a degree in engineering and began working for his father's company.

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Bernard Arnault entered the luxury goods market in 1984 and bought the textile group headed by Christian Dior.

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Arnault owns more than 95% of Christian Dior. He bought a controlling stake in LVHM in 1987 to expand his business.

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Bernard has a 60 percent stake in the LVMH company through a holding vehicle and a family trust.

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LVMH controls about 60 subsidiaries and has a total of more than 75 brands.

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Louis Vuitton, Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Sephora, Princess Yachts, Bulgari, and Tiffany are the top names in LVMH's brand list.

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Today, the market cap of LVMH Moet Hennessy Louis Vuitton SE is $387.18 billion.

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According to Forbes, the net worth of Arnault and his family is $188.6 billion. Due to this, Arnault is currently the richest person in the world.

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