Bernard Arnault become the third person to hit fortune of $200 billion.

 Bernard Arnault, the world's richest person, has reached a fortune of over $200 billion as shares in his LVMH luxury goods empire hit a record high.

He is the third person in history to achieve this milestone, following Elon Musk and Jeff Bezos. Arnault's wealth increased by $39 billion this year due to a 30% rise in LVMH shares and soaring demand for luxury goods.

Bernard Arnault's Biography

Bernard Arnault is a French billionaire businessman and the Chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, commonly known as LVMH, a luxury goods conglomerate. He was born on March 5, 1949, in Roubaix, France.

Arnault inherited his father's construction business, Ferret-Savinel, and expanded it into a real estate company. He then started investing in luxury brands in the 1980s, including Dior, Givenchy, and Louis Vuitton. In 1987, he became the CEO of LVMH and has since transformed the company into the world's largest luxury goods conglomerate, with over 70 luxury brands under its umbrella, including Moët & Chandon, Fendi, Bulgari, and Sephora.

As of 2021, Arnault's net worth was estimated at over $150 billion, making him one of the richest people in the world. He is also known for his philanthropic efforts, particularly in the fields of art and culture.

Here are some additional facts about Bernard Arnault:

Education: Arnault attended the École Polytechnique in Paris, where he studied engineering, and later earned a degree in business from École des Hautes Études Commerciales (HEC Paris).

Art collection: Arnault is a noted art collector and has amassed a vast collection of works by artists such as Picasso, Matisse, and Warhol. He has also built several museums to showcase his collection, including the Fondation Louis Vuitton in Paris.

Personal life: Arnault is married to Hélène Mercier, a concert pianist, and they have five children together. He is known for his private nature and rarely gives interviews to the media.

Awards and recognition: Arnault has received numerous awards and honors for his contributions to the business world, including the Legion of Honor in France and the Woodrow Wilson Award for Corporate Citizenship in the United States.

Political involvement: Arnault has been involved in French politics and has supported various political candidates and parties over the years. He was briefly a member of the French National Assembly in the 1980s and has also served on the board of directors of the French-American Foundation.

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