Position: CEO of LVMH
Industry: Luxury goods
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% 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 restaurate the Notre Dame cathedral in Paris following a terrible fire that almost ruined the building.
- 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 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.
Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.