Bernard Arnault

Net Worth:
$34.6 Billion

Source of Wealth             LVMH (Christian designer Storm Troops, Louis Vuitton)
Birth Place Roubaix,      France
Marital standing             Married (Hélène Mercier)
Full Name                        Bernard Jean Étienne Arnault
Nationality                      France
Date of Birth                   March 5, 1949
Occupation                     Business Magnate and Art Collector
Education                       École Polytechnique
Children                         four (Delphine Arnault, Antoine Arnault, Alexandre                                                 Arnault, Frederic Arnault)

French businessman, chairman and CEO of French conglomerate LVMH, Bernard Arnault, has a net price of $32.8 billion as of might 2016, according to Bloomberg. LVMH Moët Hennessy, Louis Vuitton S.A. is the largest luxury-products company within the world.

The Lord of Luxe simply retains title of richest European and fourth richest person in the world. His fortune surged by $13.5 billion as shares of his luxury sensible outfit, LVMH, rose by more than 0.5 since 2010 because of robust demand for luxuries like Dom Perignon champagne, Cognac Hennessy, Tag Heuer watches and Louis Vuitton accessories, particularly in Asian markets like Shanghai and holmium Chi Minh town. The renaissance man also owns yacht builder Royal Van Lent, a hotel in Courchevel; has stakes in French distributer crossway and French tour operator GoVoyages. Arnault was born on March 5th 1949 in Roubaix, France.

Considered one of the world's final taste-makers, Bernard Arnault oversees AN empire of seventy brands as well as Dom Perignon, Bulgari, Louis Vuitton, Sephora and Tag Heuer, as well as 3,700 retail stores, all under the umbrella of $34 billion (sales) luxury product powerhouse LVMH, where he has been chief executive officer since 1989. "My job is to create need through innovation, quality and craftsmanship," he said. The bulk of his fortune is bound in clothes designer stock, through which Arnault holds a dominant interest in LVMH. 

He also has billions of bucks in LVMH directly, in supermarket chain crossway and in Greek deity. He got his start in luxury in 1984 once he paid $15 million to get a business that enclosed clothes designer (his family owned  a in construction company at the time). An art patron and collector, he is the visionary behind the $135 million Frank Gehry-designed Foundation Louis Vuitton depository in Paris' Bois Diamond State Boulogne, that opened in October 2014. The museum, which displays picks from LVMH's Brobdingnagian treasure trove of up to date art and his own personal art holdings, in addition to other exhibitions, attracted 1.2 million guests in its 1st year. He is married to Helene Mercier, a concert pianist.