Since this week, the Frenchman Bernard Arnault (70) is the second richest person in the world. In front of him, only Jeff Bezos (55), the founder of Amazon, is. Arnault has around 107 billion Swiss francs, about a billion more than the third Bill Gates (63) placed. At the top of the leaderboard Arnault does not come so quickly. According to Bloomberg, Bezos is ahead of 122 billion francs to the French around 15 billion. This after the Amazon founder had to give up in the divorce of his wife, a nice chunk of.
But who is Arnault, who has already made this year nearly 40 billion Swiss francs forward? The 70-year-old entrepreneur is the President, CEO and majority shareholder of luxury goods group LVMH. The four letters stand for: Louis Vuitton Moët Hennessy. His shares in the company, he owes his fast-growing assets. Since the beginning of July, the share price rises. The preliminary peak it reached on Wednesday.
strong demand for luxury
the reason for the stock to high numbers of positive business. In the first quarter of the financial year 2019/20 has LVMH made 16 percent more in sales. The cash registers were ringing particularly in business, fashion, and leather goods. The global demand is high.
Bernard Arnault shapes LVMH, for decades, gone he is, when the luxury goods company in 1988. Luxury experience he has collected in front of it about at Christian Dior. He began his career in the firm of his father with real estate transactions. The focus of Férinel was on vacation properties. Long years, he headed the company in the United States. It seems to have left traces, so he was criticized by the French press for his rough-and-tumble, American-style.
watches, perfumes, champagne
The success gives him right. LVMH is grown under Arnault steadily and has incorporated numerous brands. His nickname sounds so “Wolf in cashmere”, writes the “Financial Times” in a portrait.
The Empire of the champagne brand Dom Pérignon, perfumes such as Acqua di Parma, and Kenzo and fashion brands such as Céline, Givenchy and Marc Jacobs, among others. Since 2017, Christian Dior the group. LVMH is also present in the watch world, for example, by the brands Hublot, Tag Heuer and Zenith. Finally, media brands, Hotels and vineyards belong to Arnaults business world.
played Tennis with Federer
The successful business man with several houses in France, including in Paris and Saint-Tropez. In the Bahamas, he bought a few years ago on an island for around 35 million Swiss francs. He owned numerous vineyards and a private jet.
private Arnault is a friend of the beautiful things. He is an art lover known. The Paris Museum, Fondation Louis Vuitton, goes back to his Initiative. Among his friends, many celebrities are. He was the best man at the wedding of Nicolas Sarkozy with his previous wife, Cécilia. With Roger Federer, he has played Tennis. And the house lost, as he told the journalist of “Financial Times”. “Of course, I lost 6-0,” he said. But a point he won. His goal: to win the next two points.
Arnault has four sons and a daughter.