Table Of Content
- Belmond presents L'Observatoire, a carriage on the legendary Venice Simplon-Orient-Express designed by artist JR
- Bernard Arnault Built a Luxury Empire on ‘Desirability.’ Who Will Inherit It?
- Arnault has rubbed shoulders with some of the planet's most influential figures, in the fashion world and otherwise.
- LATEST IN PROPERTIES
- Financial data
The estate also includes a guest house, which is said to be just as luxurious as the main house. Despite its opulence, Bernard Arnault’s house is designed Cheval Blanc for his business and personal travels. This 150-year-old Chateau Cheval Blanc, located in the farthest corner of northwest Saint-Emilion in Bordeaux, France, was purchased privately by Bernard Arnault and Albert Frere in 1998.
Belmond presents L'Observatoire, a carriage on the legendary Venice Simplon-Orient-Express designed by artist JR
Over more than 30 years, he has forged LVMH into the world’s largest luxury group and the most valuable company in France, with a presence in 81 countries. His brands — 75 of them — are the stars of the luxury world, including Louis Vuitton, Christian Dior, Tiffany and Dom Pérignon Champagne. It has given him entree to prime ministers and presidents, and allowed him to amass a museum-worthy art collection. Arnault's influence extends beyond LVMH, with investments in web companies and philanthropic endeavors, particularly in the arts. His leadership has led to LVMH becoming the largest company by market capitalization in the eurozone.
Bernard Arnault Built a Luxury Empire on ‘Desirability.’ Who Will Inherit It?
Arnault proved this remark correct by acquiring a 133-acre Indigo Island in the pristine Bahamas for a stunning 35 million dollars. The house is located in the 8th arrondissement of Paris, on the left bank of the Seine. It spans over 7,000 square feet and includes 12 bedrooms, 12 bathrooms, a library, a dining room, and a ballroom.
Arnault has rubbed shoulders with some of the planet's most influential figures, in the fashion world and otherwise.
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Despite controversies, including his attempt to become a Belgian citizen, Arnault's business acumen have solidified his status as a key figure in the global luxury market. Arnault continued to acquire luxury brands, including the Italian company Fendi (2003), the iconic French department store La Samaritaine (2010), Italian jewelry brand Bulgari (2011), and the classic American jeweler Tiffany & Co. (2021). He also built the Fondation Louis Vuitton (2014), a contemporary art museum in the Bois de Boulogne, Paris, designed by Canadian American architect Frank Gehry.
LATEST IN PROPERTIES
Netflix had received a $30 million (Rs 247 crore) investment from Group Arnault in 1999, Variety reported. He also has stakes in real estate development company Blue Capital, French food chain Carrefour and online retail company Boo. He bought Princess Yachts, one of Britain’s oldest luxury motorboat manufacturers in 2008. Apart from his mansion in Paris, Arnault owns several other properties in France, California, and the Bahamas.
These particular specimens are among the most unique, those of Tiffany’s Blue Book, as the company calls its annual catalogue, the first to be delivered directly to customers’ homes in 1845 and famed for its impressive, custom-made jewelry. Audrey Hepburn, Gloria Vanderbilt and Kate Winslet have bought its offerings in that past. At the festive Thursday night dinner in question, Emily Blunt, Olivia Wilde, Usher, Rosie Huntington-Whiteley and Gal Gadot displayed pieces on their necks, hands and lapels in celebration of the launch of what the brand considers its most precious annual treasure. He validated his own remarks when, before getting into his car at the end of the night, he turned in his brooch and watch.
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Although all three designers eventually left their positions, Arnault’s fashion foresight had revived interest in these traditional fashion houses by the early 21st century. Agache-Willot-Boussac owned brands like French department store Bon Marché and the fashion house Christian Dior, according to The New York Times. He renamed the firm Financière Agache and initiated a turnaround, cutting costs and selling off some of its businesses, the Times reported.
He owns a sprawling vacation villa in glitzy Saint-Tropez on the French Riviera ...
He is often referred to as the "Warren Buffett of France" and is considered one of the country's most successful businessmen. The billionaire's mansion, which is reportedly worth 200 million dollars, spans 12 acres and includes a private lake, tennis court, and underground parking space. Arnault's house is a veritable palace, and it's not surprising that the billionaire would want to keep it private. However, a recent report in Business Insider provides a rare glimpse inside the mogul's lavish home. The report notes that The Bernard Arnault House is "a blend of modern and classical architecture" with a "sleek and minimalist" interior.
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Then the coronavirus pandemic hit, and pandemic-related shutdowns sank LVMH's stock, sending Arnault's personal net worth down more than $30 billion by May 2020. Jean, who was 23 at the time, has a master's degree in financial mathematics from Massachusetts Institute of Technology, as well as a master's in mechanical engineering from Imperial College London, WWD reported. He studied engineering at one of France's most prestigious schools, the École Polytechnique.
These mass layoffs earned him the nickname “Terminator”—but admirers congratulated him for “leapfrogging from his family's $15 million-a-year business to a company 20 times as large." Early in the day Thursday, journalists were the first to traverse the rooms at the Hearst mansion, observing and even touching the jewelry under the attentive gave of the discreet, but numerous, security personnel. That same evening, celebrities would wear the pieces during the dinner party. Between these two groups, well-dressed men and women passed through a few at a time in small, low-profile groups.
Bernard Arnault’s house in Paris is a mansion, according to Bloomberg, is peppered with some of the world’s most famous paintings. Jean-Michel Basquiat, Damien Hirst, Maurizio Cattelan, Andy Warhol, and Pablo Picasso are among the artists represented in Arnault’s modern and contemporary art collection. However, there is a pocket of young people who share the old guard’s interest in watches. Amid further fallouts as he entered his final years, also involving other women in his life, father and daughter made peace, and she cared for him in his mansion until his death aged 97.
The property spans nearly two acres, though much of that land is unusable hillside, and there isn’t much landscaping besides a thicket of trees for privacy. The circumstances surrounding the sale are unusual as Arnault appears to have been on both sides of the transaction. It is unclear why Arnault would sell a house to himself, however, it was speculated that the property was either transferred to a close family member or held in the extensive Arnault family portfolio of holdings. He bought the private jet for $40 million (Rs 329 crore), as per Lifestyle Asia. He previously owned a Bombardier Global Express 6000 and a Bombardier Global 7500.
French prosecutors have been investigating Arnault in a money laundering probe for his dealings with Russian businessman, Nikolai Sarkisov. He's since toppled back down to second, and is worth about $167 billion, according to the latest estimates from Bloomberg. This April, his net worth even surpassed the $200 billion mark making him the third person ever, behind Elon Musk and Jeff Bezos, to do so.
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