Bernard Arnault & family
Overview
- Source of Wealth
- LVMH
- Industry
- Fashion & Retail
- Residence
- Paris
- Organization
- Chairman and CEO at LVMH Louis Vuitton Moet Hennessy
- Education
- Ecole Polytechnique de Paris (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 5
Assets
- Birkenstock Holding10,352,863 shares @ --BIRK-US
- Hermes International S.C.A.1,974,000 shares @ --RMS-FR
- LVMH Moet Hennessy Louis Vuitton243,622,817 shares @ --MC-FR
Biography
Bernard Arnault oversees the LVMH empire of 75 fashion and cosmetics brands, including Louis Vuitton and Sephora.
LVMH acquired American jeweler Tiffany & Co in 2021 for $15.8 billion, believed to be the biggest luxury brand acquisition ever.
Arnault's holding company Agache backs venture capital firm Aglaé Ventures, which has investments in businesses such as Netflix and TikTok parent company ByteDance.
His father made a small fortune in construction; Arnault got his start by putting up $15 million from that business to buy Christian Dior in 1984.
Arnault's five children all work at LVMH; in July 2022, he proposed a reorganization of his holding company Agache to become a limited partnership.
LVMH was the lead sponsor of the 2024 Paris Olympics and, together with Arnault, contributed 200 million euros to the restoration of Notre Dame Cathedral, which reopened in December 2024.
About
Arnault apparently wooed his wife, Helene Mercier, a concert pianist, by playing Chopin and other classical composers on the piano.
Arnault and LVMH own a 40% stake in private equity firm L Catterton, which has $37 billion in assets, including investments in Birkenstock and Equinox.
In 2024, Arnault's holding company Agache bought a majority stake in French soccer team Paris FC.