This is how Bernard Arnault, CEO of fashion mogul LVMH, spends his billions
Here’s a look at the luxurious life of billionaire and LVMH CEO Bernard Arnault and the most expensive things he owns.
With an estimated net worth of $ 186.3 billion, the chairman and CEO of luxury goods conglomerate Louis Vuitton MoÃ«t Hennessy (LVMH) Bernard Arnault joined the hundred billionaire 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.
Bernard Arnault’s net worth, luxury collections and valuables he owns –
Luxury shopping portfolio
He started his journey to the top in the 1980s, when he first entered fashion with US $ 15 million from his father’s construction business. He got the rest of the $ 65 million Lazard funded to buy Christian Dior’s parent company – in 1985.
Since then, Arnault has acquired luxury brands and earned nicknames like âwolf in the cashmere coatâ in the French media. In 1987, the LVMH conglomerate was born from the merger of MoÃ«t & Chandon and Hennessy, respectively the world’s largest producers of champagne and cognac.
Bernard Arnault then set out to conquer major European luxury brands, including the couture brand Givenchy (1988), the French perfume, make-up and skincare giant Guerlain (1994), the French luxury leather goods brand CÃ©line (1996 ), Italian jewelry brand 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 flagship brands.
In addition to luxury brands, Bernard Arnault has taken the lead in other activities such as hotels, works of art, yachts and culture.
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 features a private office and office, beach club, cinema, golf course, and wellness center.
The French yacht enthusiast also owned Amadeus, a superyacht built in 1969, which received a luxury makeover to accommodate numerous personalities such as former British Prime Minister Tony Blair and famous rockstar Bono. It was then sold in 2015.
Wine and spirits
The 23 houses of LVMH strive to jointly shape high-end cognacs, wines and champagnes across the world. The flagship brands are MoÃ«t & Chandon, Hennessy, Krug and ChÃ¢teau d’Yquem.
Bernard Arnault is said to own Indigo Island, a private 135-acre island in the Bahamas that offers retreats for the wealthy at an exorbitant price of around US $ 300,000 per week.
Known for his collection of world-class artwork, the French entrepreneur’s extensive collection of contemporary artwork includes paintings by Picasso, Andy Warhol, and Henry Moore. Its proximity to art and culture can be established by the fact that LVMH has ventured into many artistic endeavors, including the creation of the idea for the Louis Vuitton Foundation in 2001 – which opened to the public in 2014. .
According to Bloomberg, Arnault keeps the collection of the most famous artists in his Parisian home.
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, featuring multiple bedrooms, an outdoor pool, tennis court, movie theater, and separate staff quarters.
Bernard Arnault would have spent 40 million dollars on his private jet, the Dassault Falcon 7X. Previously, it owned a Bombardier Global Express 6000. It also owns a Bombardier Global 7500 ultra-long-range business jet that can accommodate up to 19 passengers.
(Hero credit and featured image: Eric Piermont / AFP. All images: courtesy marks)
This story originally appeared on Lifestyle Asia KL.