The Billionaire Luxury Magnate

Nothing is more admirable than a man with ambition, even more so when that ambition burgeons into billions of dollars. Here is a self-made billionaire whose name and career are as impressive as his legacy, for it takes a lot of perseverance to become France’s wealthiest man.

^{_{The Arnault Family}}

Bernard Arnault is a French business magnate and investor, but most of you probably know him as the chairman and CEO of LVMH ‘Moet Hennessy Louis Vuitton’, the world's largest maker of luxury goods. As head of the luxury industry’s largest conglomerate, he controls about half of LVMH which sells Louis Vuitton leather goods, Dior products, Givenchy perfumes, TAG Heuer watches, and Dom Perignon champagne- all of your favorites.

His 96.5% stake in Christian Dior accounts for most of his humble fortune, and by humble we’re talking about a net worth of $87.4 billion. Mr. Arnault may be the richest person in fashion and the 3rd richest in the world, but the beginning of his career was not so smooth. In 1984, he took over the bankrupt textile group that owned Christian Dior, sold all of the company's other businesses, and used the money to buy a controlling stake in LVMH- a smart business move that revolutionized the fashion industry and changed his life forever.

^{_{Mr. Bernard Arnault, France's wealthiest businessman​}}

Bernard was honored with the Corporate Citizenship award at the White House in 2011 given the power of the empire under his control which manages over 70 different brands. He also oversees further investment and holding vehicles, as his Arnault Group has invested in Netflix and Blue Capital.

A lover of art and contemporary paintings, Mr. Arnault owns an impressive art collection which includes the prominent works of Pablo Picasso, Andy Warhol, and Maurizio Cattelan. Not only is he a man of great wealth, but he is also a man of refined art taste.

^{_{Bernard Arnault with Sean Penn and Charlize Theron at the 2014 Paris Fashion Week}}

When asked about his wealth and success, Bernard once answered with, “money is just a consequence. I always say to my team, 'Don't worry too much about profitability. If you do your job well, the profitability will come'”. His mindset proves that the key to success is diligence, and we’ve seen nothing but so throughout Mr. Arnault’s outstanding career.