Bernard Arnault Siblings: Meet Dominique Watine-Arnault

Bernard Arnault Siblings: Meet Dominique Watine-Arnault – Bernard Arnault is a business magnate, investor, and art collector from France.

He is the co-founder, chairman, and CEO of the world’s largest luxury goods company, LVMH Mot Hennessy – Louis Vuitton SE.

According to Forbes, Bernard Arnault and his family have a net worth of US$186.5 billion as of December 2022, making him the world’s richest person.

Arnault stated in October 2022 that LVMH sold its private jet after a Twitter user began tracking its flights, and that he instead began renting private aircraft for his personal and business flights. The plane was a Bombardier Global 7500 with the registration F-GVMA.

He completed his studies at France’s top engineering school, the École Polytechnique, in 1971, and then started working for his father’s business. Three years later, Ferret-Savinel sold its industrial construction division and changed its name to Ferinel after persuading his father to focus the business’ attention on real estate.

The business renamed the real estate division to the George V Group after acquiring a textile firm and moving their headquarters.

Later, the real estate holdings were sold to Compagniej Générale des Eaux (CGE), which later changed its name to Nexity.

In 1971, he began working for Ferret-Savinel, where he later held the position of president from 1978 to 1984.

In 1984, Arnault, a young real estate developer, learned that the French government was about to choose a leader for the Boussac Saint-Frères empire, a textile and retail conglomerate that owned Christian Dior.

In the 1980s, Arnault developed the idea of combining luxury brands. He worked with Mot Hennessy CEO Alain Chevalier and Louis Vuitton President Henry Racamier to establish LVMH in 1987.

After acquiring 50.4% of the family-owned shares of the Italian jewelry company Bulgari, Arnault declared on March 7, 2011, his intention to launch a tender offer for the remaining shares that were held by the general public. Arnault served on the Malaysian 1MDB fund’s Board of Advisors from 2010 to 2013.

Together with entrepreneur Albert Frère, he bought Château Cheval Blanc in 1998 for personal use. Arnault’s share was purchased by LVMH in 2009[46] to complement the company’s other winery, Château d’Yquem.

Through his holding company Europatweb, Arnault made investments in a number of web-based businesses between 1998 and 2001, including Boo.com, Libertysurf, and Zebank. In 1999, Groupe Arnault also made a purchase from Netflix.

In 2007, Blue Capital reported that Arnault jointly owned 10.69% of Carrefour, the second-largest food distributor in the world and the largest supermarket chain in France, with the California real estate company Colony Capital. He started in the yacht industry in 2008 and paid 253 million euros for Princess Yachts.

Arnault’s collection includes works by Picasso, Yves Klein, Henry Moore, and Andy Warhol. He also contributed significantly to LVMH becoming a well-known art patron in France.

The LVMH Young Fashion Designer competition was created as an international event for university students majoring in fine arts. The winner every year also gets a year of mentoring in addition to a grant to help them start their own label.

Bernard Arnault Siblings: Meet Dominique Watine-Arnault

Dominique Watine-Arnault happens to be the only sister of billionaire, Bernard Arnault. Unfortunately, she is dead and our checks revealed that she died on March 1, 2006, at the age of 56.

She was the president of the Fred jewelry house, and per what we gathered, she died after contracting an unspecified disease.

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