Bernard Arnault, Europe’s wealthiest individual, once surpassed Elon Musk as the world’s richest person, with a net worth reaching an astounding $200 billion. Known as the “wolf in cashmere,” Arnault owns major luxury brands, including almost all of Christian Dior and over 40% of LVMH, the parent company of Louis Vuitton, Moët & Chandon, Givenchy, and more.
A French businessman, Arnault’s journey to luxury began in his father’s construction company, followed by a brief real estate career. In the 1980s, he acquired a struggling Boussac Saint-Frères, the parent company of Christian Dior, marking his entry into the luxury market. His bold business tactics earned him the nickname “The Terminator.”
Arnault’s investment in luxury goods paid off, especially after Louis Vuitton merged with Moët Hennessy. Over the years, he expanded his empire, acquiring top brands like Bulgari, Kenzo, and Sephora. His wealth surged in the post-pandemic era, with LVMH posting revenues of $93.2 billion. In March, Arnault briefly overtook Musk as the richest person in the world and remains the only non-American in the top 10 of Forbes’ billionaire list.
Renowned for his ruthless business acumen, Arnault is known for his rivalry with François Pinault, the founder of Kering, which began in 1999 when LVMH lost the battle for Gucci.
A patron of the arts, Arnault owns works from iconic artists like Andy Warhol and Pablo Picasso. His car collection features luxury vehicles like a $3.3 million Bugatti Chiron. He mingles with the elite, including tennis star Roger Federer, Donald Trump, and former French president Nicolas Sarkozy. Arnault has also been seen with Vladimir Putin during a tour of the LVMH-owned Château Cheval Blanc vineyard.
