With an estimated net worth of $ 186.3 billion (RM 788 billion), the chairman and CEO of luxury goods conglomerate Louis Vuitton Moët Hennessy (LVMH) Bernard Arnault joined the Centennial Club in May 2021, according to Forbes. The French fashion mogul is one of the richest people in the world and a force to be reckoned with.
Luxury shopping portfolio
He began his journey to the top in the 1980s when he first ventured into the fashion with $ 15 million (RM64 million) from his fatherconstruction business. It have the remainder of $ 65 million (RM 275 million) funded of Lazardent to buy Boussac – the then-parent Christian Dior company – In 1985.
Since then, Arnault has bought luxury brands and won nnicknames like “the wolf in cashmere coat“ in French media. In 1987 the LVMH conglomerate was born from the merger of Moët & Chandon and Hennessy, the the world’s largest producers of champagne and cognac, respectively.
Bernard Arnault then continued to to conquer major European luxury brands, including couture brand Givenchy (1988), French perfume, makeup and skin care the giant Guerlain (1994), French luxury leather goods brand Céline (1996), italian jewelry Mark Bvlgari (2011), Parisian fashion house Christian Dior (2017), American luxury jewelry and accessories brand Tiffany & Co. (2020) and Italian luxury brand Off–White (2021), bringing the total to 75 stellar brands.
In addition to luxury brands, Bernard Arnault has took the helm of other activities such as hotels, artwork, yachtts and culture.
2008 marks Arnault’s passion for yachts when he first acquired luxury Dutch yacht building company Royal Van Loaned and famous British yacht builder Princess Yachts International in a consortium for more than 300 million euros (1.5 billion RM) and200 million (RM 1 billion), respectively.
The luxury yacht named Symphony, owned by Arnault, is one of the 100 best superyachts in the world and the largest Feadship. Symphony can accommodate 36 passengers and is the first Feadship to cross the 100-meter mark and measures 101.5 meters or approximately 333 feet. Designed by Tim Heywood Design, Symphony is an eco-friendly yacht with six decks, an aluminum structure, nearly 3000 GT gross tonnage and a helipad.
The interior of the yacht, signed Zuretti Interior Design, exudes luxury with a Jacuzzi, sauna, lounge and dining room that can seat 20 people. One of the decks includes a private office and office, beach club, cinema, golf course and wellness center.
The French yacht enthusiast also ownsed Amadeus, a superyacht integrated 1969, who received a luxury makeover to accommodate many eminent personalitynalities such as former British Prime Minister Tonney Blair and famous rockkstar Bono. It has been sold later in 2015.
Wine and spirits
The 23 LVMH houses are working together to high-end artisanal cognacs, wines and Champagne about the world. The flagship brands understand Moët & Chandon, Hennessy, Krug and Chateau d’Yquem.
Bernard Arnault would have owns Indigo Island, a 135-acre private island located the Bahamas that offers retreats for the rich at an exorbitant price of about us$ 300,000 (RM 1.3 million) per week.
Know known for its collection of world-class artwork, the French entrepreneur extensive collection of contemporary works of art includes paintings by Picasso, Andy Warhol and Henri Moore. Its proximity to art and culture can be established by the fact that LVMH has ventured into many artistic activities, including creation of the idea of the Louis Vuitton Foundation in 2001– opened to the public in 2014.
According to Bloomberg, Arnault keeps the collection of the most famous artists in his Parisian house.
Cheval Blanc and Belmond Hotel belong to LVMH, who offer an extravaganza like no other. Cheval Blanc is a luxury hotel with 72 rooms and suites. The hotel also has LV and Dior boutiques on-site for luxury shopping. LVMH has more than 46 Belmond Hotel properties in 24 countries and cash.
Saint Tropez manion
Arnault has a huge castle-style waterfront mansion in Saint Tropez, France, with multiple bedrooms, a outdoor pool, tennis court, cinema and separate staff quarters.
Bernard Arnault would have spent $ 40 million (RM 170 million) on his private jet, Dassault Falcon 7X. Previously, he had a Global Bombardier Express 6000. He also ownss a ultra long range business plane Bombardier Global 7500 for up to 19 passengers.
(Hero and featured image credit: Eric Piermont / AFP)