Bernard Arnault, renowned in the fashion industry, is often termed ‘the wolf in cashmere.’ He is a heavyweight owner of a few of the biggest names in luxury fashion. Arnault owns almost the totality of the share in Christian Dior and controls over 40 percent of LVMH.
The particular conglomerate comprises some of the most renowned brands in fashion, such as Louis Vuitton, Givenchy, and Moët & Chandon. His climb into riches began after the major merger of Louis Vuitton with Moët Hennessy, providing him with more financial power.
Arnault has built a well-rounded assortment of priceless art and antiques, showing his taste for the finer things in life. The company, over the period of this pandemic, has remained strong with its performances in every sale made. Last year, LVMH reported an exemplary revenue of 93.2 billion dollars, a good indication of its market status.
Arnault builds a reputation with aggressive business practices and has remained in protracted rivalry with François Pinault, the founder of Kering, one of the major competitors owning, among other brands, Yves Saint Laurent. Much of the luxury market landscape has been shaped by this rivalry.
Besides his business ventures, Arnault is a known connoisseur of luxuries. He has a particularly fine collection of exotic cars, a testimony to his fortune and status. He mingles mostly with political and business elites alike, meeting with personalities such as Donald Trump and former French president Nicolas Sarkozy. His connections also reach into other industries and establish him as a key player in many circles.