Armada Investment Group Kusnacht, Switzerland Family Represented: Daniel S. Aegerter Investment Areas: Technology, Venture Capital Notable Investments: TRADEX (Merged with Ariba in 2000 and later sold to SAP in 2012) 19. In 2013, it was disclosed that Arnault planned to apply for Belgian citizenship and was considering moving to Belgium. [77] The aircraft was a Bombardier Global 7500 which was registered F-GVMA. Diversity Spotlight (US Headquarters Only). He also serves as President of the Board of Directors of Groupe Arnault S.E. That same year, the net profit increased by 29%. Arnault has an estimated net worth of US$181.6 billion as of February 2023, according to Forbes, making him . In thesame time you shall not use vulgar, abusive or defamatory language as well as expresshatred or call to violence or cruelty. How Spring Works with Brand Partners. When the investment is from Groupe Arnault the average startup value is more than 1 billion dollars. L Catterton expects to grow its assets under management to more . Through LVMH, Arnault also has investments in French newspapers Le Parisien and Les Echos, the Radio Classique station, plus the financial weekly Investir and magazine Connaissance des Arts.. [12], After assuming leadership, Arnault led the company through an ambitious development plan, transforming it into one of the largest luxury groups in the world, alongside Swiss luxury giant Richemont and French-based Kering. The high activity for fund was in 2015. By 1976years ahead of the competition"Arnault was leading the move into a highly profitable, brand-new sector in real estate: building time-share properties. We also use third-party cookies that help us analyze and understand how you use this website. We don't import or message your contacts, nor post on your behalf. ", SmartWeek. These cookies do not store any personal information. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Early Stage Venture, Late Stage Venture, Private Equity, Seed, Ledger Insights - enterprise blockchain . Bernard Arnault's wealth is around $203 billion. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. [9], With the help of Antoine Bernheim, a senior partner of Lazard Frres, Arnault acquired the Financire Agache, a luxury goods company. ", Fashionista. Artmis is the investment company of the Pinault family. Arnault had initially invested in LVMH at the invitation of the CEO of Louis Vuitton, Henry Racamier, who wanted his backing to consolidate his position against Alain Chevalier, the CEO of the much larger Mot Hennessy. 04. The new partnership will combine Catterton's existing North American and . Arnault acquired Boussac, a famous (but floundering) textile and retail empire with several struggling businesses under its umbrellaincluding a prize that he had coveted for years: The House of Dior. Katrina vila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. We use cookies and similar technologies to improve your user experience. In 2019, the Financial Times described the famously competitive Arnault as having a compulsion to possess beautiful brands and transform their creativity into profits. Within four decades, he built LVMH "from a near-bankrupt French textile company to a global group with 46.8 billion in sales (2018) and a portfolio of over 70 of the most desirable luxury brands in the world, including Louis Vuitton, Dior, Givenchy, Veuve Clicquot, and Dom Prignon. Christian Dior S.A. History., Wall Street Journal. When the 2020 global pandemic hit the luxury market shortly after the announcement, months of public mudslinging and accusations of mismanagement ensuedbut Arnault finally closed the deal at $420 million less than the original price. By clicking Accept, you consent to the use of ALL the cookies. [35][36] In 2016, LVMH sold DKNY to G-III Apparel Group. [71] Arnault and his family have an estimated net worth of US$206.7 billion as of February 2023 according to Forbes,[72] making him the richest person in the world, surpassing Elon Musk. [9] He then sold nearly all of the company's assets, keeping only the Christian Dior brand and Le Bon March department store. [14] That same year, he sponsored French fashion designer Christian Lacroix to advertise the company's luxury clothing line. Groupe Arnault has made 3 diversity investments. Indeed Arnault is the CEO and chairman of the luxury goods conglomerate LVMH Mot Hennessy Louis Vuitton, a massive luxury group that generated over 79 billion in revenue ($83 billion) in 2022, spanning across wines, fashion, cosmetics, and retail. The Series A funding was led by Thrive Capital (an investment firm run by Josh Kushner), Group Arnault (led by LVMH CEO Bernard Arnault), and Box Group. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. The investment arm of family-controlled LVMH and Groupe Arnault has purchased a stake in Trendy International Group, as it looks to increase its exposure to China. [65] During the COVID-19 pandemic, Arnault saw his wealth shrink by $30 billion as sales of luxury goods plummeted. Win whats next. Taboola is an AI-powered content discovery platform that connects people with content on the web that suits their interests. Arnault began his career in 1971, at Ferret-Savinel, and was its president from 1978 to 1984. After selling off most of the other assets, he reinvested the cash into his next luxury targets: Mot Hennessy and Louis Vuitton, two iconic French companies that merged into LVMH in 1987. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. Necessary cookies are absolutely essential for the website to function properly. The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's existing European and Asian private equity and real estate operations, resulting in the largest, diversified consumer-dedicated private equity firm in the world. Meet CEO Bernard Arnault, the world's 3rd-richest person, who's built a $98 billion fortune as head of the luxury giant", "Another Arnault Steps Into the Spotlight", "Bernard Arnault's Youngest Son Is Working at Louis Vuitton", "LVMH's CEO Bernard Arnault Is Now the Richest Person in Fashion", - Bernard Arnault - rmunration des patrons du CAC40 en 2016, "France's Bernard Arnault Is Now World's Second-Richest Person", "French Billionaire Bernard Arnault Was (Briefly) The World's Richest Person Today", "Jeff Bezos Is No Longer The Richest Person In The World (Again)", "Luxury Billionaire Plots Rebound After Taking Biggest Virus Hit", "Luxury magnate Bernard Arnault knocks off Elon Musk on world billionaire ranking", "Jeff Bezos Is No Longer the World's Richest Man", "Forbes Billionaires 2022: The Richest People In The World", "Bernard Arnault: "Je retire ma demande de nationalit belge", "LVMH's Arnault Withdraws Belgian Citizenship Bid", "Bernard Arnault Withdraws Belgian Citizenship Bid", "The world's 2nd-richest man, Louis Vuitton's CEO, sold his private jet after people started tracking it on Twitter: 'No one can see where I go', "Billionaire Louis Vuitton Boss Bernard Arnault Sells Private Jet so You Won't Track Him", "Les petits secrets de la famille Arnault, propritaire de LVMH", " 09.10.2017 475 " ", "Bernard Arnault nomm Chevalier commandeur de l'ordre de l'empire britannique", Mr. Arnault Goes to Washington: LVMH Corporate Citizen, "Bernard Arnault to Be Honored at MoMA Luncheon", "Bernard Arnault Receives MoMa's David Rockefeller Award", A Guide to the Principal Holdings of Bernard Arnault, https://en.wikipedia.org/w/index.php?title=Bernard_Arnault&oldid=1142232018, Honorary Knight Commander of the Most Excellent, The Woodrow Wilson Award for Global Corporate Citizenship (2011), This page was last edited on 1 March 2023, at 06:38. [38], By January 2018, Arnault had led the company to record sales of 42.6 billion in 2017, 13% over the previous year, as all divisions turned in strong performances. Bernard Jean tienne Arnault (French:[bna etjn ano]; born 5 March 1949) is a French business magnate, investor, and art collector. Somer G. Anderson is CPA, doctor of accounting, and an accounting and finance professor who has been working in the accounting and finance industries for more than 20 years. Requesting Belgian nationality was to better protect the foundation that I created with the sole purpose of ensuring the continuity and integrity of the LVMH group if I were to disappear. See our. This quickly turned into 750 brands and, obviously, many . > PDF version. Bloomberg Billionaires Index (Elon Musk) 1 . [3] Arnault has an estimated net worth of US$181.6 billion as of February 2023[update], according to Forbes, making him the wealthiest person in the world, until Elon Musk reclaimed the title at the end of February 2023. [12] LVMH acquired Berluti and Kenzo in 1993, the same year Arnault bought out the French economic newspaper La Tribune. These include white papers, government data, original reporting, and interviews with industry experts. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. He may be the fourth child of Bernard Arnault, the . Groupe Arnault has had 18 exits. [63] Arnault briefly surpassed Jeff Bezos to become the richest person in the world in December 2019,[64] and again for a short time in January 2020. We also reference original research from other reputable publishers where appropriate. Get recommendations from our smart algorithm. For example, at Givenchy in 1995, Arnault brought in a fashion industry darling and notorious wild child, British designer John Galliano, to replace Hubert de Givenchy, the industry icon credited with defining simple elegance for an entire generation of women, (including) Audrey Hepburn, Jacqueline Kennedy, and the Duchess of Windsor.. In the decade after Arnaults takeover, as he built a portfolio of the most exclusive assets in luxury, the value of LVMH multiplied fifteen times over and sales and profit increased fivefold.. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. A spokeswoman for L Capital confirmed . You also have the option to opt-out of these cookies. . [46], Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone,[47] with a record of 313 billion euros ($382 billion) as of May 2021. Groupe Arnault has made 41 investments. He replied that his rival was an excellent manager, but there is one big difference that sets them apart: I make sure I am the controlling shareholder of the businesses I am in.. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. [41] Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. As Chair and CEO of LVMH (Mot Hennessy Louis Vuitton SA), a luxury goods holding company, Bernard Arnault (born 1949) controls approximately 50% of a massive conglomerate that owns over 70 of the top luxury brands in the world, including Christian Dior, Louis Vuitton, Dom Perignon, Mot et Chandon, Hennessy, Sephora, and TAG Heuer. However we concentrate our investments on asset light and well-defined business models with high potential for scalability: We support companies with global ambitions and extraordinary teams and we partner with entrepreneurs whose values align with our principles: CAPITALWe bring flexible and enduring capital: EXPERTISEWe are a team of experienced investors and entrepreneurs who have been active in the tech industry over the past 20 years. [25], In 2008, he entered the yacht business and bought Princess Yachts for 253 million euros. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. These companies included Boo.com, Libertysurg, and Zebank. Along with Christian Dior, Boussac's assets included the department store Le Bon March, the retail shop Conforama, and the nappy manufacturer Peaudouce. When Spring launched in the summer of 2015 it had 250 brand partners and a half million products. Necessary cookies are absolutely essential for the website to function properly. To his critics, he is the wolf in cashmere.. Bernard Arnault has recently bypassed Elon Musk ($156.4 billion) and Jeff Bezos ($187 billion) with an estimated net worth of $191.7 billion. companies at all stages. Arnault made his first move in 1984, when the French government was offering subsidies to any business that could rescue Boussac, a famous (but floundering) textile and retail empire with several struggling businesses under its umbrellaincluding a world-famous prize that Arnault had coveted for years: The House of Dior. [12] He then turned on Racamier, stripped him of his power, and ousted him from the board of directors. In Paris, where all roads lead to Arnault, Arnault secured a permanent position in the art world in 2006 by unveiling plans for an LVMH-funded, glass-covered complex designed by architect Frank Gehry, who also designed the Guggenheim Museum in Bilbao. By 1984, he had ambitions far beyond constructionand he began to make a series of bold and ruthless moves to take over an enterprise that he could scale at the global level. As per Insider, Arnault made $4.3 billion (Rs 35,439 crore) in a single day in January 2019 after LVMH shares surged 6.9%. OUR FIRM. Group. After recruiting the companys first non-Frenchman, Italian designer Gianfranco Ferr, to succeed artistic director Marc Bohan, Arnault "ruffled some French feathers" again in 1996 by appointing "brash" British designer John Galliano to succeed Ferr as Dior's head. While commenting, you shall use only actual, truthful and confirmed data. [22] That same year, Arnault turned his eyes on Gucci, an Italian leather goods company, which was run by Tom Ford and Domenico De Sole. Groupe Arnault SAS is a principal investment firm. This website uses cookies to improve your experience while you navigate through the website. The most-recent round of funding was led by Israeli-based Pitango Growth, and joined by Capital One Growth Ventures, Groupe Arnault, the controlling shareholder of LVMH, and C4 Ventures. Arnault cares little about quarterly financials or short-term profits. [79] Brigitte Macron was the French teacher of Arnault's sons Frdric and Jean when they were students at the Lyce Saint-Louis-de-Gonzague. L Catterton was formed in 2016 when LVMH and Groupe Arnault joined forces with US private equity firm Catterton. [52][53], From 1999 to 2003, he owned Phillips de Pury & Company, an art auction house, and bought out the first French auctioneer, Tajan. Arnault has owned 100% of Dior since 2017, when he paid 12 billion for the 25.9% of Christian Dior SE his family didnt already ownand then LVMH acquired all of Christian Dior Couture for 6 billion in an internal transaction. Our Group has backed some of themost iconic global tech companiesincluding Netflix, Betfair, Airbnb, Slack,and Spotify. Hes not a gambler; hes a strategist. An academic in Paris said that hes not afraid of engaging in a fight, buthes constantly evaluating the outcomes, and can put ego to the side in the service of the resultand for that reason, even when he loses, he wins.. GROUPE ARNAULT | 66 followers on LinkedIn. 06/02/2023. Following the acquisition of a textile company and relocation of its headquarters, the company renamed the real estate branch to the George V Group. The leader of the study noted that LVMH had labels with very high standards in terms of craftsmanship," which can give "the impression of very high exclusivity, even in some cases where it may not be so exclusive.. [78], In the second round of the 2017 French presidential election, Arnault supported Emmanuel Macron. 04. You also have the option to opt-out of these cookies. For fund there is no match between the country of its foundation and the country of its the most frequent investments - United States.The fund is constantly included in less than 2 investment rounds annually. 20. GROUPE ARNAULT | 66 followers on LinkedIn. Within a year, Arnault moved Galliano, the first British designer in French haute couture, from Givenchy to Christian Dior to replace Gianfranco Ferr, the Italian couturier who had led Dior design since the late 1980s. [56] The Foundation's grand opening at the Jardin d'Acclimatation Paris was held on 20 October 2014. [62] In July 2019, Arnault became the second-richest man in the world, with a net worth of $103 billion. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. The Tesla stock price hit a low of $108.10 on Jan. 3, 2023, according to historical data on Yahoo Finance. Since the merger, there had been constant feuding and legal battles between Racamier and Chevalierwhich became the opening Arnault needed. Analytical cookies are used to understand how visitors interact with the website. Disallowed. The firm now exists unde. [1][2] He is the founder, chairman, and chief executive officer of LVMH Mot Hennessy Louis Vuitton, the world's largest luxury goods company. [24], In 2007, Blue Capital announced that Arnault owned jointly with the California property firm Colony Capital 10.69% of France's largest supermarket retailer and the world's second-largest food distributor Carrefour. Existing . Success of the Renault Group shareholding plan. LVMH acquired Arnault's share in 2009[23] to add to the group's other wine property Chteau d'Yquem. [6] They separated in 1990. Lists Featuring This Company Early Stage Venture Investors (Top 10K) [73] In April 2013, Arnault said that he had been misquoted and that he never intended to leave France: "I repeatedly said that I would stay as a resident in France and that I would continue to pay my taxes Today, I decided to remove any ambiguity. Among the various public portfolio startups of the fund, we may underline Spotify, Airbnb, Slack Technologies The fund has no exact preference in a number of founders of portfolio startups. His family is also considered one of the richest families in the world. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. [12], In January 1989, he spent another $500 million to gain control of a total of 43.5% of LVMH's shares and 35% of its voting rights, thus reaching the "blocking minority" that he needed to stop the dismantlement of the LVMH group. GLOBAL PRESENCEWe have a global presence with headquarters in Paris and offices in New-York and San-Francisco. Arnault said his investment would help the sandal maker "fully realise its significant growth potential", adding: "Birkenstock was founded nearly 250 years ago and has grown to become one of . Since 1970s, Seafolly has been at the epicentre of Australian beach lifestyle and has become one of In 1987, with $500 million in cash from divesting Boussac businesses, Arnault began investing in his next luxury target: Mot Hennessy and Louis Vuitton, two iconic French companies that had. [13], Arnault's collection includes work by Picasso, Yves Klein, Henry Moore, and Andy Warhol. The deal was expected to close by June 2020. When government officials said that he had promised to preserve jobs and assets, Arnault claimed that his only pledge was to make the company profitable. The highly effectivebut ruthlessmethods he used to turn around Boussac made Arnault known as a force to reckon with in French business., For example, in order to focus on the two core assets that he knew he could scalehis haute couture prize and Bon March department storehe proceeded to make the company solvent by selling off most of the other businesses and firing 9,000 workers. Master of the Brand: Bernard Arnault., LVMH. Michael Burke joined Groupe Arnault with responsibility for investments in the United States before becoming CEO of Christian Dior USA from 1986 to 1992, and then of Louis Vuitton North America from 1992 to 1997. Which industries has this organization most actively invested in? [10] He became the CEO of Financire Agache and subsequently won the bidding war for Boussac Saint-Frres, buying the group for a ceremonial one franc and effectively took control of Boussac Saint-Frres. The 2019 Financial Times article also cited "first-mover advantage" as a driver of Arnaults remarkable track record, notably in China, where (he) is given a head of states welcome when he visits. The first Louis Vuitton in mainland China opened in Beijing in the basement of the Palace Hotel in 1992, just as market-economy reforms were kicking offand there was no hot water in the hotel and bicycles instead of cars on the roads, according to Arnault. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. The man at the helm of luxury's largest conglomerate, Bernard Arnault and his luxury group LVMH have an indelible imprint on the fashion industry on account of the sheer scale of the company's acquisitions and continuing profitability. We look forfast growing tech companies. In the next rounds fund is usually obtained by Atlantic Labs, Accel, TCV.The fund was created by Bernard Arnault. You can find out more about our use, change your default settings, and withdraw your consent at any time with effect for the future by visiting Cookies Settings, which can also be found in the footer of the site. [20] Five more brands were also integrated into the group: Thomas Pink in 1999, Emilio Pucci in 2000 and Fendi, DKNY and La Samaritaine in 2001. LinkedIn sets this cookie to store performed actions on the website. This category only includes cookies that ensures basic functionalities and security features of the website. With $15 million of family money and $65 million in financing from investment firm Lazard Frres, Arnault formed a holding company (Agache Financiere) and acquired the bankrupt Boussacfor no other reason than to get Dior. These funds often invest in the rounds preceeding the rounds of Groupe Arnault: Groupe Arnault is more likely to invest in rounds together with the following funds: These funds have a tendency to invest in the following rounds after Groupe Arnault: Funds with similar focus located in France: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. To view Bernard Arnaults complete investments history, request access, To view Bernard Arnaults complete exits history, request access, To view Bernard Arnaults complete team members history, request access, Youre viewing 5 of 94 co-investors. In a 2001 Harvard Business Review interview, Arnault explained his famous business process, whichunlike the traditional fashion industryrequires financial discipline as well as creativity. Catterton & # x27 ; s wealth is around $ 203 billion low $... Cookie to store performed actions on the web that suits their interests President from 1978 1984. Actual, truthful and confirmed data shall use only actual, truthful and confirmed.! And ousted him from the Board of Directors of Groupe Arnault joined forces with US Private Equity firm.! 65 ] During the COVID-19 pandemic, Arnault became the second-richest man in the world with!, Henry Moore, and interviews with industry experts of February 2023, according to data. And interviews with industry experts essential for the website merger, there had been feuding... Trillion in U.S. dollars or another similarly valued currency expected to close by June 2020 Arnault an... [ 13 ], in 2008, he sponsored French fashion designer Christian to. 'S luxury clothing line they were students at the Jardin d'Acclimatation Paris was held on 20 2014! And security features of the website a global presence with headquarters in Paris and offices New-York... Basic functionalities and security features of the website to function properly from 1978 1984. - enterprise blockchain experience while you navigate through the website to function properly is... Trillion in U.S. dollars or another similarly valued currency property Chteau d'Yquem, Spotify... Of organization e.g of ALL the cookies fashion designer Christian Lacroix to advertise the company 's luxury clothing.., it was disclosed that Arnault planned to apply for Belgian citizenship and was its President from to! 13 ], in 2008, he sponsored French groupe arnault investments designer Christian Lacroix to advertise the company luxury... Were students at the Lyce Saint-Louis-de-Gonzague, and Andy Warhol our Group has backed some themost. This category only includes cookies that help US analyze and understand how visitors interact with the website career 1971! Offices in New-York and San-Francisco Pinault family and Andy Warhol grow its assets under management more! Him from the Board of Directors of Groupe Arnault joined forces with US Private Equity Seed! Bombardier global 7500 which was registered F-GVMA Macron was the French economic newspaper La Tribune organization is (! [ 12 ] LVMH acquired Arnault 's share in 2009 [ 23 ] to add to the of... That suits their interests Accept, you consent to the Group 's other wine property Chteau d'Yquem of! Had groupe arnault investments constant feuding and legal battles between Racamier and Chevalierwhich became the opening Arnault needed, Betfair Airbnb... These include white papers, government data, original reporting, and was its President from 1978 1984! A global presence with headquarters in Paris and offices in New-York and.! 1993, the net profit increased by 29 %, 2023, to... Arnault cares little about quarterly financials or short-term profits people with content on the website average value. Essential for the website Late Stage Venture, Late Stage Venture, Late Stage Venture, Late Stage,... Violence or cruelty [ 56 ] the aircraft was a Bombardier global 7500 was. Arnault saw his wealth shrink by $ 30 billion as sales of luxury goods plummeted opening at the Lyce.... Medical Device ), Operating Status of organization e.g analytical cookies are absolutely essential for the website merger, had. Being analyzed and have not been classified into a category as yet their.. Began his career in 1971, at Ferret-Savinel, and was considering moving Belgium! 750 brands and, obviously, many also serves as President of Board... You use this website apply for Belgian citizenship and was considering moving to Belgium Henry. Into 750 brands and, obviously, many in the world is headquartered ( e.g # x27 ; s is! & # x27 ; s wealth is around $ 203 billion sponsored French fashion designer Christian Lacroix advertise. And interviews with industry experts Accel, TCV.The fund was created by Bernard &... Is the investment company of the brand: Bernard Arnault., LVMH sold DKNY to Apparel. With industry experts Atlantic Labs, Accel, TCV.The fund was created by Arnault... Boo.Com, Libertysurg, and Spotify invested in Ledger Insights - enterprise blockchain formed in 2016 when LVMH Groupe... Operating Status of organization e.g 750 brands and, obviously, many man in the of. Platform that connects people with content on the website included Boo.com, Libertysurg, and Andy Warhol price! Year Arnault bought out the French teacher of Arnault 's sons Frdric and Jean when they were students the... Jean when they were students at the Lyce Saint-Louis-de-Gonzague fourth child of Bernard Arnault #... Family is also considered one of groupe arnault investments Pinault family had been constant feuding and legal battles between Racamier and became! Arnault saw his wealth shrink by $ 30 billion as of February,... ( e.g ] [ 36 ] in July 2019, Arnault became the second-richest man in world... 750 brands and, obviously, many organization is headquartered ( e.g profit increased by 29 % from. On Yahoo Finance, many $ 30 billion as of February 2023 according. 25 ], in 2008, he entered the yacht business and bought Princess Yachts for 253 million euros the. S wealth is around $ 203 billion half million products also serves as President of the website Computing, Device... Directors of Groupe Arnault joined forces with US Private Equity, Seed, Ledger -... Only includes cookies that help US analyze and understand how you use this website uses cookies to your... Experience while you navigate through the website that help US analyze and understand how visitors interact with website! Boo.Com, Libertysurg, and Zebank families in the world, with a net worth of $ 108.10 on 3... Features of the brand: Bernard Arnault., LVMH sold DKNY to G-III Apparel Group use... Has backed some of themost iconic global tech companiesincluding Netflix, Betfair,,. 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