Behind The Billions: Bernard Arnault

More than half a century before Bernard Arnault became the world’s richest person, he finished his studies in civil engineering and mathematics at French university Ecole Polytechnique in 1971 and began working as an engineer at the construction firm founded by his grandfather in the northern French city of Roubaix. By 1979, he rose to become chairman of the company.

The Hermes International horse and carriage logo sits on the woodwork exterior of the Hermes luxury goods store on George IV avenue, in Paris, France.Regular dividend payments by LVMH since 2008–including more than $1.9 billion in 2021–have enabled Arnault to accumulate billions of dollars. He spent hundreds of millions of euros a year in 2021 and 2022 purchasing more shares of LVMH.

“Why are brands like Louis Vuitton and Dior so successful? They have these two aspects, which may be contradictory: They are timeless, [and] they are at the utmost level of modernity. . . . It’s like fire and water.”Arnault supports four main areas with his charitable donations: heritage preservation, medical research, education and training, and the arts. He has made gifts to a variety of groups and organizations, but mostly has chosen not to disclose the amount he’s given.

Arnault divorces his wife Anne Dewavrin after 17 years of marriage; the couple had two children together: Delphine and Antoine.1997

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