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Who is Bernard Arnault the richest man in the world?


Bernard Arnault is a French billionaire businessman and the chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world's largest luxury goods company. He was born on March 5, 1949, in Roubaix, France.


Arnault began his career working for his father's construction company, Ferret-Savinel. In 1984, he took over Boussac Saint-Frères, a textile company that owned Christian Dior, and turned it into a holding company for his various acquisitions in the luxury goods market. Arnault's acquisition of Dior helped establish his reputation as a savvy businessman, and he went on to acquire several other luxury brands, including Celine, Givenchy, Kenzo, and Loewe.


In 1987, Arnault created LVMH by merging Moët Hennessy (a company that specializes in wines and spirits) with Louis Vuitton (a luxury leather goods company). The merger was the first of its kind in the luxury goods market and helped establish LVMH as a major player in the industry. Today, LVMH is the world's largest luxury goods company, with over 60 subsidiaries and a portfolio of more than 70 brands, including Louis Vuitton, Dior, Celine, Givenchy, Kenzo, Loewe, Fendi, Bulgari, and Bulgari Hotels & Resorts.


Arnault is also known for his art collecting, and his personal art collection is valued at over $2 billion, and it includes works by artists such as Picasso, Warhol, and Koons.


Arnault is one of the wealthiest people in the world, with a net worth of over $150 billion according to Forbes, making him the fourth richest person in the world. He has also been actively involved in philanthropy and has donated millions of dollars to various charitable causes through the Arnault Family Foundation.



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