Bernard Arnault

Bernard Arnault (born 5 March 1949) is a French businessman best known as the chairman and CEO of the French conglomerate LVMH, the largest luxury-products company in the world. According to Forbes Magazine, Arnault is the world's 4th and Europe's richest person, with a 2011 net worth of US$41 billion. Arnault was born in Roubaix. After graduating from the Maxence Van Der Meersch High School, Arnault was admitted to the École Polytechnique (X1969) from which he graduated with an engineering degree in 1971. After graduation, Arnault joined his father's company. In 1976, he convinced his father to liquidate the construction division of the company for 40 million French francs, and to change the focus of the company to real estate. Using the name Férinel, the new company developed a specialty holiday accommodation. In 1979, he succeeded his father as president of the company. When François Mitterrand was elected President of France in 1981, Arnault emigrated to the United States and created Ferinel Inc. Through this vehicle, Arnault undertook construction activity in the United States, developing an apartment complex in limited partnership form in West Palm Beach, Florida, which...
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