Bernard Arnault & Family Net Worth; Second Richest Man In The World

Bernard Arnault: This is the second richest man in the world

Chairman And CEO, LVMH Moët Hennessy Louis Vuitton

Bernard Arnault Real Time Net Worth ; 172.4 Billion $

Bernard Arnault made it from the engineer to the head of the luxury goods group LVMH. It doesn't make him more popular with the French.

What is luxury for Bernard Arnault? The richest man in France answers this question with the typical manner for him, some would also say wrong modesty. He does not call champagne, caviar or great cars in one of his rare conversations with the media. Real luxury is for him: time. Anyone who was busy building an industrial empire throughout their life was always tight.

According to Forbes, Bernard Arnault is the second richest man in the world

Arnault heads the LVMH group (Louis Vuitton Moët Hennessy), world market leader of the luxury goods industry, which includes the fashion brands GiveCenchy and Fendi, the champagne manufacturer Veuve Cliquot, the Cognac distillery Hennessy, watch and jewelry brands. All of goods that are supposed to radiate elegance and style. LVMH made 25 billion euros in turnover in the first half of the year. Forbes sees him with an estimated assets of 93.7 billion euros as the second richest man in the world-behind Amazon boss Jeff Bezos and still before Microsoft founder Bill Gates.

The billions were not in the cradle. Arnault attended an elite engineering school, then entered his father's construction company and quickly turned it into a real estate group. In 1984 he bought the Holding Boussac-Saint-Fres, which he only kept two pearls: the Christian Dior brand and the noble Paris department store Le Bon Marché. In 1989 he bought LVMH, under whose roof he gathered more and more brands - even against their will: Hermès filed a lawsuit when Arnault had 22.5 percent of the stocks. This is how his reputation formed to be a "predator" or "wolf in the Kashmirmantel" - with a brilliant business sense.

At the emergency dated fire, Arnault agreed to donate 200 million euros

In addition, the 70-year-old, who has five children from two marriages, is a family man, passionate piano and tennis player and great art collector who gave Paris with the Fondation Louis Vuitton an exhibition house with spectacular architecture. Known praised him as a fine spirit with great sense of art and culture. Others see him primarily an inhuman capitalist.

The fact that he promised a large donation of 200 million euros immediately after the fire from Notre-Dame did not agree with the public: Arnault is generous here, it said, but let it miss real social acts. Some suspected that he only wanted to outbid the Pinault family of entrepreneurs, which still promised 100 million euros while the cathedral. At a reception on Arnault's noble winery Château d'Amk during the Vinexpo wine fair in May, yellow vests were waiting for the owner. When it became known in 2013 that Arnault endeavors to Belgian citizenship - probably in response to the planned rich tax of 75 percent - the newspaper Libération on the front page asked him: "Hau, rich pig!" AB, poor pig! ”, That ex-President Nicolas Sarkozy had preliminarily thrown towards a man who refused his handshake. Arnault is considered a familiar Sarkozys and was the best man at his second wedding.

Finally Arnault remained French. LVMH stops 12,000 to 15,000 employees a year, he likes to say. There are currently 156,000 worldwide. And no group pays as many taxes in France as his.