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Bernard Arnault
From Wikipedia, the free encyclopedia
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| Born: | March 5, 1949 |
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| Occupation: | Chairman, LVMH Chairman, Christian Dior SA |
| Net worth: |  $26 billion US dollar |
| Website: | LVMH.com |
Bernard Arnault (born 5 March 1949) is a French businessman. He is the 7th richest person in the world with an estimated net worth of $26 billion US dollars, according to a Forbes report in March 2007.[1]
Bernard Arnault is a native of Roubaix, and graduated with an engineering degree from the École Polytechnique in 1971 (X1969).
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As at March 2007, Arnault owns a 47.5% majority[2] of LVMH (Moët Hennessy Louis Vuitton), along with Christian Dior SA. Arnault is the Chairman and CEO of both companies.
His daughter Delphine Arnault is actively involved in the management of LVMH.
Arnault also owned the art auction house Phillips de Pury & Company from 1999 to 2003.
Arnault's main competitors are:
- French businessman François Pinault, whose holding company PPR owns Gucci, Yves Saint Laurent, Alexander McQueen, Stella McCartney, Sergio Rossi, Bottega Veneta, Boucheron, Roger & Gallet, Bédat & Co and Christie's.
- Swiss-based Richemont, which owns Cartier, Van Cleef & Arpels, Piaget, Baume et Mercier, IWC, Jaeger LeCoultre, A. Lange & Söhne, Officine Panerai, Vacheron Constantin, Dunhill, Lancel, Montblanc, Montegrappa, Old England, Purdey, Chloé, and Shanghai Tang.
In January 2007 Kathryn Blair, the daughter of British Prime Minister Tony Blair, graduated from France's prestigious Sorbonne University with 71 percent in an intensive French language and culture course. Tony Blair has been criticised for accepting an invitation on her behalf from Bernard Arnault since during her course, which ran from 12 October 2006 to 26 January 2007, she is thought to have been provided with an accommodation, security and transport package worth around £80,000.[3]
- ^ Profile in Forbes Magazine retrieved on March 8, 2007
- ^ http://www.lvmh.com/comfi/pg_capital.asp?rub=9&srub=2
- ^ "Cherie's pride at her graduate girl (...and the Blairs managed to negotiate a freebie, too)", Gordon Rayner and Peter Allen, Daily Mail, 12 February 2007
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