Bernard Arnault, richest man in the world: what we know about his fortune

Discover the secrets behind the colossal fortune of Bernard Arnault, French luxury goods magnate and LVMH Group’s emblematic Chairman and CEO, now one of the richest men on the planet. How do the executive’s assets grow minute by minute? This article plunges you into the heart of Arnault’s financial strategies, revealing not only his diversified sources of income but also a fascinating estimate of what his luxury empire earns him every day.

 

Bernard Arnault’s personal wealth is estimated at $200 billion

 

Bernard Arnault’s fortune is growing by leaps and bounds every day. By 2023, his personal wealth is estimated at almost $200 billion – $233 billion by Forbes, $228 billion by Bloomberg. However, this estimate may vary according to stock market fluctuations, the performance of LVMH and Bernard Arnault’s other investments.

 

Income distribution

 

Bernard Arnault’s fortune comes from several main sources, including his salary, dividends and capital gains, as well as other investments.

 

Salary

 

As CEO of LVMH, Bernard Arnault receives a substantial annual salary. Although this remuneration is significant, it represents a small fraction of his total income. In 2023, Bernard Arnault’s salary as CEO is estimated at around $10 million a year, or about $27,000 a day.

 

Dividends

 

Dividends are another important part of Bernard Arnault’s income. As the majority shareholder in LVMH, he regularly receives dividends from the company. In 2023, LVMH dividends were particularly generous, with an estimated total payout of several billion dollars. According to our confrères, if we assume that Bernard Arnault holds around 47% of LVMH shares, his annual dividends can be estimated at over $2 billion, which translates into around $5.5 million a day.

 

Capital gains and other investments

 

Capital gains come mainly from the appreciation of LVMH shares and other investments. The value of LVMH shares has grown significantly in recent years, increasing Bernard Arnault’s wealth.

 

In ten years, Bernard Arnault’s assets have increased in value by almost 140 billion euros, or almost 40 million euros a day in capital gains. Bloomberg calculates the wealth of billionaires by estimating the value of their assets, based in particular on their stock market valuation. In addition, Bernard Arnault has other diversified investments, including real estate and art, which also contribute to his earnings.

 

Source of income Estimated daily amount (in millions of USD)
Salary 0,027
Dividends 5,5
Capital gains and other investments 40

 

This breakdown clearly shows that capital gains and dividends are Bernard Arnault’s main sources of income, well beyond his salary as CEO.

 

Comparison with other billionaires

 

To better understand Bernard Arnault’s fortune, it’s useful to compare it with that of other billionaires. Behind him is Elon Musk, CEO of Tesla and SpaceX, with an estimated fortune of $240 billion. Jeff Bezos, founder of Amazon, is in third place with $180 billion. In fourth place is Bill Gates, co-founder of Microsoft, with a fortune of $130 billion. Finally, Warren Buffett, the legendary investor and head of Berkshire Hathaway, completes the ranking with a wealth of $100 billion. Also discover moneyradar.org for detailed financial analysis and regular updates on the fortunes of billionaires.

 

Billionaire Estimated wealth in billions USD Estimated daily earnings in millions of USD
Bernard Arnault 200 55
Jeff Bezos 180 49
Elon Musk 240 66
Bill Gates 130 36
Warren Buffett 100 27

 

What can we learn from Bernard Arnault’s success?

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Read Also > BERNARD ARNAULT TO BUY HOTEL BAUER IN VENICE 

 

Featured photo : © Pixabay

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The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.
Luxus Magazine Automne/Hiver 2024

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