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Bernard Arnault & family
Chairman
And CEO, LVMH Moët Hennessy Louis Vuitton
Net Worth - $222.4 B
Bernard Arnault is the mastermind behind the LVMH empire, which
encompasses 75 prestigious fashion and cosmetics brands, including renowned
names like Louis Vuitton and Sephora.
LVMH made headlines in 2021 with its acquisition of American jeweler Tiffany
& Co for a staggering $15.8 billion, marking one of the most significant
luxury brand acquisitions to date.
Arnault's holding company, Agache, is the driving force behind Aglaé
Ventures, a venture capital firm with investments in notable businesses such as
Netflix and ByteDance, the parent company of TikTok.
With a humble beginning, Arnault kick-started his journey by utilizing
$15 million from his family's construction business to purchase Christian Dior
in 1984.
Arnault's profound influence extends to his family, as all five of his
children are actively involved in the operations of LVMH. In a move to ensure
equitable ownership, he proposed a reorganization of his holding company,
Agache, in July 2022 to grant them equal stakes.
Arnault and LVMH also hold a substantial 40% stake in L Catterton, a
private equity firm boasting over $30 billion in assets, with investments
spanning renowned brands like Birkenstock and Equinox.
Arnault's journey began with a daring investment of $80 million,
facilitated by a $15 million contribution from his own funds, to acquire
Boussac Saint-Frères, a financially troubled textile company that owned the
esteemed fashion house of Christian Dior.
Over the years, Arnault's strategic acquisitions have included prominent
luxury brands like Fendi (2003), La Samaritaine department store (2010),
Bulgari (2011), and Tiffany & Co. (2021). Additionally, he realized his
vision with the establishment of Fondation Louis Vuitton (2014), a contemporary
art museum nestled in Paris' Bois de Boulogne, designed by the acclaimed
architect Frank Gehry. In recognition of his contributions, Arnault was honored
as Commander of the Legion of Honour in 2007, one of France's highest
distinctions.
In 2014, Arnault's daughter, Delphine Arnault, spearheaded the LVMH
Prize for Young Fashion Designers, demonstrating the family's commitment to
nurturing emerging talent by awarding one fashion design graduate with €300,000
to support their company's development.
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