Bernard Arnault Net Worth and Family - Why LVMH is So Successful. Learn how Bernard Arnault became rich and about the family business.
Bernard Arnault is a French billionaire, business magnate, and the chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, commonly known as LVMH. He is one of the wealthiest people in the world and has been listed as the richest person in the world on several occasions. His net worth was estimated to be $189 billion at the end of 2022, making him the third richest person in the world, according to Forbes.
In 1984, he acquired the company Boussac Saint-Frères, a bankrupt textile company that owned the fashion brands Christian Dior and Le Bon Marché.
Arnault turned around the fortunes of the struggling fashion house, and Christian Dior became one of the most profitable luxury brands in the world. Arnault's business acumen and vision for the future of luxury goods made him a major player in the industry. He went on to acquire several other luxury brands, including Moët et Chandon and Louis Vuitton.
In 1987, Arnault merged Christian Dior with Moët et Chandon and Louis Vuitton to create LVMH, which would become the world's largest luxury goods company. The company owns a vast portfolio of luxury brands, including Dom Pérignon, Fendi, Givenchy, Marc Jacobs, Tag Heuer, Tiffany and Co., and Sephora.
Delphine Arnault, the oldest child, studied at the École des Hautes Études Commerciales, commonly known as HEC Paris, where she earned a degree in economics.
At LVMH, she began her career as a project manager in the development department of Christian Dior. She quickly rose through the ranks and was appointed deputy managing director of Dior in 2008. In 2013, she was named executive vice president of Louis Vuitton, one of LVMH's most iconic brands.
Antoine Arnault, the 2nd child, was born on June 4, 1977, in Roubaix, France. Antoine received his education at École Polytechnique, one of France's most prestigious institutions, where he studied mathematics and physics. He went on to earn a degree in engineering from École des Mines in Paris.
After completing his studies, Antoine worked for several years in the financial sector. He began his career at the Boston Consulting Group, where he worked as a consultant before moving on to work for Morgan Stanley in London.
In 2001, he joined the family business, LVMH, where he worked for the next several years in various roles. He served as the CEO of the fashion label, Emilio Pucci, and later as the head of communications and image for Louis Vuitton.
In 2011, he was appointed CEO of Berluti, a French luxury menswear brand that specializes in high-end shoes and leather goods.
Alexandre Arnault, the 3rd child, was born on May 4, 1992 in Paris. Alexandre studied at the prestigious École Polytechnique, where he graduated with a degree in mathematics and economics. He then attended the École des Mines in Paris, where he earned a degree in engineering.
After completing his studies, Alexandre worked at the prestigious firms McKinsey & Company and KKR, before joining LVMH in 2016.
At LVMH, he began his career as the CEO of the luggage brand, Rimowa. Under his leadership, Rimowa has undergone a major transformation, with a focus on innovation and digitalization.
In 2018, Alexandre became executive vice president of product and communications at Tiffany & Co., which was acquired by LVMH.
Frederic Arnault, the 4th child, was born on October 26, 1994 in Paris. He studied engineering at the École Polytechnique, where he received a degree in mathematics and physics. He then pursued a master's degree in engineering at Stanford University in California.
After completing his studies, Frédéric worked as a software engineer at Facebook, where he was involved in the development of the Oculus virtual reality platform.
In 2017, Frédéric joined LVMH as the chief strategy and digital officer of the group. In this role, he was responsible for the development of the company's digital strategy, including its e-commerce operations and online presence.
In 2020, Frédéric Arnault was appointed as the CEO of Tag Heuer, the Swiss luxury watch brand that is owned by LVMH.
Jean Arnault, the 5th and youngest child, was born October 24, 1998. Jean graduated with a baccalaureate degree in science with the highest honors at Saint Louis de Gonzague-Franklin in Paris in 2016. Later, he obtained a master’s degree in mechanical engineering from Imperial College London, and another in financial mathematics from the Massachusetts Institute of Technology.
Before coming on board the family company, Jean also did stints as a financial analyst at Morgan Stanley and as an engineering intern at McLaren Racing.
Jean joined Louis Vuitton as the marketing and product development director for watches in 2021.
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