There’s fashion, and then there’s Bernard Arnault. Of course, Arnault has long been one of the world’s richest people. But the record sales reported last how Much Is The Money Belt Worth placed him above Zara’s Amancio Ortego on Bloomberg Billionaire’s Index to become European’s wealthiest billionaire. Here’s what to know about the French billionaire Arnault. Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, looks on during the inauguration of the LVMH start-up accelerator at Station F technology campus in Paris, France, on Monday, April 9, 2018.
As the world’s richest European, Arnault’s net worth has grown by tens of billions of dollars over the last year due to a high-profile buy-out of Christian Dior and record numbers at LVMH, according to Forbes. 8 billion, making him the third-richest person in the world ahead of Buffett. 3 billion, place him as the fourth-richest person. 10 in its annual Billionaires List, falling behind Zara’s Ortega, who was then the richest European, and Facebook CEO Mark Zuckerberg, among others. Arnault’s high net worth is in part tied to his stake in Christian Dior. 1 billion deal in April 2017 and the Arnault family moved to purchase the remaining shares they didn’t already own. LVMH is a dominate force in fashion, owning brands like Louis Vuitton, Fendi, Céline, Christian Dior, Givenchy, Marc Jacobs and more.
The company owns a number of cosmetics and perfumes, notably Fenty Beauty by Rihanna, which had an enormous launch last year online and in more than 1,620 stores around the world. LVMH has a host of other businesses under its belt, including the retail chain Sephora, as well as watch and jewlery brands like Tag Heuer and Bvlgari. Perhaps one of the most dominant forces at the company is Louis Vuitton, which saw better-than-expected sales last quarter with much of its growth coming from China, according to Bloomberg. Indeed, the brand had a number of high-profile moments these last few months, with a fashion show at the Louvre and the appointment of Virgil Abloh, a notable fashion designer and creative director for Kanye West, as the brand’s artistic director for men’s wear. Abloh told the New York Times last month. And to show a younger generation that there is no one way anyone in this kind of position has to look is a fantastically modern spirit in which to start. Bernard Arnault, billionaire and chief executive officer of LVMH Moet Hennessy Louis Vuitton SE, speaks during the inauguration of the LVMH start-up accelerator at Station F technology campus in Paris, France, on Monday, April 9, 2018.
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Earlier this week, LVMH launched a new Paris-based program that aims to help around 50 international businesses get on their feet. 89 work stations at Station F, a massive start-up campus based in Paris. Participating start-ups will be able to work with the company for two, six-month terms, the company said. This is why we know, perhaps better than others, how to find ways of working with startups that benefit us all.
Arnault owns an island in the Bahamas Like other billionaires, Arnault has his own island. The fashion mogul reportedly owns Indigo Island in the Bahamas, according to Wealth-X. The 133-acre island has hilltop villas and a small marina, along with beautiful beaches, according to Wealth-X. Telegraph in a wide-ranging 2015 interview. What I love is being number one. He has an impressive art collection Fittingly, the head of the dominant force in luxury has a luxurious life of his own. Arnault has a personal art collection that fits right in with a life in Paris.
The billionaire and his wife, Helen Mercier, who is a concert pianist, own a number of pieces from famous artists like Pablo Picasso, Andy Warhol, Jean-Michel Basquiat, Damien Hirst and Maurizio Cattelan, according to Bloomberg. President-elect Donald Trump and French businessman Bernard Arnault, chief executive officer of LVMH, shake hands after speaking to reporters at Trump Tower, January 9, 2017 in New York City. Days before the president’s inauguration in January 2017, Arnault met with then-President-elect Donald Trump at Trump Tower in New York City to discuss the potential opening of two LVMH factories in the U. In June 2017, the company was working on plans to open a factory in the U. No, Arnault is not buying Chanel Rumors and speculation suggested LVMH could use its extra cash to explore purchasing Chanel — a French luxury brand owned privately by the Wertheimer family. But Arnault has denied such a venture.
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Powered and implemented by Interactive Data Managed Solutions. Each product we feature has been independently selected and reviewed by our editorial team. If you make a purchase using the links included, we may earn commission. Spice Girls are finally launching the reunion tour fans have been pining for. Spice Girls reunion tickets will go on sale this weekend. The Spice Girls’ tour schedule has yet to be announced.
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Here’s an estimate of what each of the original five Spice Girls is worth today, with help from Celebritynetworth. Posh Spice, Victoria Beckham, with the Spice Girls in Paris, France on March 24, 1998. Remember how every music video made her look like she’d won a walk-on role in a Spice Girls fan contest? But Posh’s second act has been the most lucrative of the group.