Beyond Fashion: Diverse Investment Ventures
While LVMH remains the cornerstone of Arnaultās empire, his financial ventures extend far beyond luxury goods. Arnaultās investment prowess is exemplified by his engagement in various industries and sectors.
The Tech Ties
Arnault invested in various web startups through his holding company Europatweb between 1998 and 2001, including the infamous Boo.com, Libertysurf, and Zebank. The dot-com era saw both spectacular successes and catastrophic failures, and Arnaultās venture into technology underlined his determination to pursue varied investment opportunities.
Retail and Supermarkets
Arnaultās involvement in retail is shown by his 10.69% ownership of Carrefour, Franceās largest grocery retailer. This strategic investment is consistent with his diversified approach to wealth acquisition, exhibiting a strong eye for possibilities across a wide range of businesses.
Nautical Ventures
2008 saw Arnault make waves in the luxury boat industry when he paid ā¬253 million to acquire Princess Yachts. He then acquired ownership of Royal van Lent for an equivalent amount. These actions highlight Arnaultās preference for diversification and demonstrate his engagement in a range of businesses outside the traditional retail and fashion domains.
Bernard Arnault Net Worth [Richest Man on the Planet in 2024]
As of January 2024, Bernard Arnault stands as the wealthiest individual in the world, with an estimated net worth of $207 billion. This French business man is super rich, his net worth is enough to buy entire islands, build skyscrapers, and live a life of luxury beyond our wildest dreams.
Bernard Arnault surpassed Elon Musk and crowned himself with the title of wealthiest man on the planet, primarily due to significant ownership stake in LVMH Moƫt Hennessy Louis Vuitton SE, a conglomerate known for luxury brands like Louis Vuitton, Christian Dior, and Moƫt & Chandon.
Letās see Arnaultās net worth in detail in this article.
Contact Us