In this article we are going to discuss about Who is Bernard Arnault. One of Top 5 Richest Person of the World. A Detailed Biography in 2020.
A Detailed Biography in 2020
Bernard Arnault was born in Roubaix, France on 5 March 1949 in a business family. He is a French businessman and investor and since 1989 is the Chairman & Chief Executive Officer of the ‘LVMH Moet Hennessy Louis Vuitton’ Company and the Main Shareholder of this company. … He then named his company ‘Ferinel’. Bernard Arnault, chairman and CEO of luxury goods company LVMH (Louis Vuitton Moët Hennessy), has come second in the list of world’s richest. On the Bloomberg Billionaire Index, he has left behind Microsoft co-founder Bill Gates in this case. This is the first time that Bill Gates has slipped to number three in this index. Currently, Bernard’s total assets have increased to $ 10,800 million, or about 7.5 lakh crore rupees.
Bill Gates slipped to number three for the first time
Bill Gates has slipped to number three for the first time on the Bloomberg Billionaire Index. His total assets as of 3:15 pm on July 17 were $ 10,700 crore, or about Rs 7.4 lakh crore. At the same time, Jeff Bezos of Amazon still holds the number one position.
2.73 lakh crore assets increased in this year
Bernard Arnault had been in the top 10 in the Bloomberg Billionaires Index in Haral. The special thing is that in this year only, from January 1 to now, Arnault’s assets have increased by Rs 2.73 lakh crore. Arnault is the only one among the 500 rich in Bloomberg’s list, who has done so much in his net worth in such a short time.
Arvolt’s net worth rose to around Rs 7.5 lakh crore on Tuesday, as LVMH shares rose 1.38%. Their net worth is equal to 3 percent of France’s GDP.
Only 3 people in 100 crore club
Arnault joined the $ 100 billion net worth club last month. There were only the third person in the world to join this club. Earlier only Jeff Bezos and Bill Gates were involved in this club. Arnault owns about 50 per cent of the LVMH company.
Stepped into the luxury goods market in 1984
Arnault entered the luxury goods market in 1984. He had acquired Textile Group, which also owned Christian Dior. Four years later, he sold other business of the company and bought a controlling stake in LVMH. His art collection consists of modern and contemporary paintings, including paintings by Picasso and Warhol.