Arnault is the Chairman and CEO of all three companies. Bernard Arnault is a renowned art collector and he has created a Louis Vuitton foundation for contemporary art, which should open at the Jardin d’acclimatation in 2010. Bernard Arnault is the 14th richest person in the world and the wealthiest in France. His property is valued $16.5 Billion.
Bernard Arnault belongs to Roubaix, France. Arnault graduated an engineering degree from École Polytechnique in 1971. Upon graduating he persuaded his father to liquidate the construction division of his company for 40 million francs, and to change the focus of company to real estate, using the name Férinel.
At the time socialist François Mitterrand was elected President of France in 1981, Bernard Arnault immigrated to the United States and created Ferinel Inc. He showed a profit by developing condominiums in Palm Beach, Florida. Three years later, when the French Socialists switched to a more conservative economic course, Arnault returned to France and became the CEO of Financière Agache, a magnificence goods company. In 2007, he was listed among Time magazine’s 100 Most Influential People in the world.
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