Why is Bernard Arnault so rich?

Bernard Arnault is the chief executive of LVMH, the world’s biggest luxury goods group, in which he holds a 47.5% stake. Owning an arsenal of luxury names, LVMH is behind drink labels Moët & Chandon Champagne and Hennessy cognac, plus fashion brands Louis Vuitton, Loewe, Christian Dior, and Kenzo.

Is Bernard Arnault the richest man in the world?

Bernard Arnault, Chairman of Louis Vuitton Moet Hennessy, has become the richest person in the world after surpassing Amazon founder Jeff Bezos.

What does Bernard Arnault do for a living?

Entrepreneur
Business magnateEngineerBusiness executiveArt collector
Bernard Arnault/Professions

Where is Bernard Arnault from?

Roubaix, France
Bernard Arnault/Place of birth

Bernard Arnault is Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s leading luxury products group. Born to an industrial family in Roubaix, France on March 5, 1949, Mr. Arnault attended the Roubaix lycée and the Faidherbe lycée in Lille. He then went on to study at the Ecole Polytechnique.

Who is the Top 10 Richest Man in 2020?

The 10 Richest People in the World

• Jeff Bezos.
• Elon Musk.
• Bernard Arnault.
• Bill Gates.
• Mark Zuckerberg.
• Warren Buffett.
• Larry Ellison.
• Larry Page.

Why did Bernard Arnault move to Belgium from France?

Bernard Arnault, head of luxury goods group LVMH, insists he has moved his assets for ‘family inheritance reasons’. But others are convinced that the 63-year-old has joined other tycoons and celebrities in wanting to avoid taxes – including a 75 per cent top rate on income – introduced by Socialist President Francois Hollande.

Who is Bernard Arnault and what is he known for?

Bernard Jean Étienne Arnault (French: [bɛʁnaːʁ aʁno]; born 5 March 1949) is a French business magnate, investor, and art collector.

What kind of tax does Bernard Arnault pay?

Mr Arnault is also likely to be concerned by Mr Hollande’s plan to bring capital gains tax in line with income tax – effectively raising it from 19 per cent to 45 per cent, and possibly to 75 per cent if the Socialist President goes through with his threat to make that the top income tax rate for earnings over €1 million a year.

How many kids does Bernard Arnault have?

Speaking of family, Mr. Arnault has been married twice and has five adult children, four sons and one daughter. All of his kids have executive roles at LVMH — or roles at one or more of the brands under the LVMH umbrella. Mr.