The best regulated crypto exchange
Find out why?

Bernard Arnault

Position: CEO of LVMH

Industry: Luxury goods

Citizenship: France

Date of Birth: 03.05.1949

If we had to think of a trend setter, Bernard Arnault would definitely be the one. The world’s most powerful luxury magnate owns Louis Vuitton, Henessy, Givenchy and dozens of other brands. Apart from that, he’s a very generous philanthropist and art collector.

From construction company to the world of luxury brands

1977 — Arnault succeeds his father as president of his retail company Férinel.

1985 — Arnault acquires several companies, one of which owns multiple assets, including Christian Dior.

1987 — The businessman is invited to invest in LVMH by Henri Racamier, then chairman for the conglomerate.

1988—2001 — LVMH acquires the most well-known luxury brands including Kenzo, Marc Jacobs, Fendi, DKNY, Sephora and dozens of others.

1999 — Arnault opens a centre in New York, LVMH Tower, to expand company’s presence to the United States.

2007 — The entrepreneur takes a 9.1 per cent stake in French major supermarket Carrefour together with U.S. private equity group Colony Capital.

2014 — Arnault, which is known for his art patronage, opens Fondation Louis Vuitton museum near Paris, making an investment of around $135 million.

2019 — Arnault on behalf of LVMH promises to donate $220 million to help restore the Notre Dame cathedral in Paris following a terrible fire that almost ruined the building.

Interesting facts

  • Arnault’s key brand Louis Vuitton never goes on sale. The customers will never find it at a discounted price.

  • One of the oldest brands Arnault owns is Chateau d’Yquem, a French winery created in 1503 in in the southern part of the Bordeaux.

  • Apart from dozens of luxury brands, Arnault owns an island in the Bahamas which is called Indigo. The property is now worth $35 million.

  • Arnault attended both wedding ceremonies of the 23rd President of France Nicolas Sarkozy.

Like to share your thoughts and ideas about crypto and trading? You could join us as an external author. Email us on [email protected] to find out how you could become a Currency.com contributor.
Subscribe to Currency.com news
iMac Image
The most beautiful trading app
google play storeapple store
iPhone Image
iPhone Image