Wolf In Cashmere: Bernard Arnault is the owner of Louis Vuitton, Christian Dior, Givenchy, Marc Jacobs and Tiffany.
Luxury goods magnate Bernard Arnault is now the world’s richest man, pushing Tesla CEO Elon Musk down to second place, according to Bloomberg’s Billionaires Index.
73-year-old Arnoy, who is the chairman and chief executive officer of Louis Vuitton, owns the luxury goods super-company that owns the fashion houses of Louis Vuitton, Christian Dior, Givenchy, Marc Jacobs, and more. In January 2021, LVMH bought the jewelry company Tiffany & Co. for $15.8 billion.
Wolf In Cashmere, LVMH has seen its net worth drop by more than $7 billion in 2022, while LVMH stock has fallen almost 6.58% over the same time period. Considering that Musk’s net worth has decreased by more than 100 billion dollars in 2022, this loss has not been enough to prevent Arno from winning the first place.
The French businessman has a net worth of $171 billion, which is more than five percent of the French economy, while Musk’s net worth is $164 billion.
Wolf In Cashmere
Who is Bernard Arnault?
Wolf In Cashmere, Arnault, known as the “wolf in cashmere”, was born in Roubaix, France.
He joined his family’s construction business in 1971 and moved to the United States in 1981 when the Socialists came to power in France.
Wolf In Cashmere, Going back in time, according to a 1989 New York Times article, he was known as a real estate businessman trying to expand his family’s influence in New Rochelle, New York.
Arnaud entered the luxury goods market in 1984 by buying a nearly bankrupt French textile company owned by Christian Dior, where he became the business giant he is today.
Wolf In Cashmere, He later sold the company’s other businesses and used the money to buy a controlling stake in LVMH, which at the time was a merger of Louis Vuitton and champagne and cognac maker Moet Hennessy.
Arno then removed the head of Louis Vuitton and replaced him; A strategy he has repeated over the years.
Wolf In Cashmere, He is known to have an “American” approach to business that the French don’t like, but you can’t be more French than him with these traits and characteristics: a classical pianist whose current wife is also a pianist, an art collector including works by Picasso, Yves Klein, Henry Moore. And Andy Warhol and a good art lover.
In 2019, the French billionaire donated about $212 million to help rebuild the Notre Dame Cathedral in Paris after it was destroyed by a massive fire.
The French’s displeasure with him may go back to his request for Belgian citizenship in 2013. Although he later announced that he had given up on this decision for business reasons only, he would remain French and, more importantly, pay his taxes in France.
Wolf In Cashmere, Arnaud’s relationship with French President Emmanuel Macron
Wolf In Cashmere, In the second round of the French presidential election in 2017, Arnaud supported Emmanuel Macron. The interesting point of the relationship is that Brigitte Macron, the first lady of France, was the teacher of Arnaud’s sons, Frédéric and Jean, in high school.
The first person of the richest people in the world has a fundamental difference with Elon Musk. Unlike Musk, Arno prefers to stay away from prying eyes. After some Twitter accounts started tracking the French billionaire’s private jets to raise awareness about climate change, Arnaud decided to sell his private jet so no one could track his travels.
Wolf In Cashmere, This super-billionaire has been very successful in keeping the secrets of her life private, preferring stars and models adorned with the art of the companies she owns to shine on the catwalks and herself to stay away from the flash of cameras.
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