• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home People Billionaire Watch

This billionaire made $39 billion in 2019, thanks to his luxury brands 

Emmanuel Abara Benson by Emmanuel Abara Benson
December 17, 2019
in Billionaire Watch
This billionaire made $39 billion in 2019 thanks to his luxury brands , COVID-19: Louis Vuitton to manufacture free hand sanitizers to combat virus

Bernard Arnault

Share on FacebookShare on TwitterShare on Linkedin

After the stock of multinational luxury goods conglomerate, LVMH, cumulatively added $82 billion in value, the company’s Chairman and Chief Executive, Bernard Arnault, easily earned $39 billion. The French billionaire has long been adjudged the richest man in Europe and one of the richest people in the world.

How this happened: Arnault owns almost half of LVMH, making him the majority shareholder. Now, LVMH owns a whole lot of some of the world’s most popular luxury brands. We are talking about the likes of Louise Vuitton, Dom Perignon, Christian Dior, Bvlgari, Fendi, Givenchy, Moet & Chandon, Hennesy, etc.

In total, the company’s subsidiaries comprise more than sixty global brands which range from luxury wines to high-end fashion clothing, jewellery, perfumes and cosmetics.

RelatedStories

The Luxury King : Here Is A List Of All The Brands Owned By Bernard Arnault Under LVMH.

Fashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 day  

July 7, 2025
Meet the top 5 billionaires dominating the $2.5tn fashion industry

Bernard Arnault gains $6.9 billion as LVMH shares rise

July 2, 2025

Recall that Nairametrics reported back in November that LVMH has acquired popular American jewellery company, Tiffany & Co for the sum of $16.2 billion. The American jeweller is famed for its high-quality and costly engagement ring rings and white diamond necklaces which are beloved by celebrities and socialites.

This billionaire made $39 billion in 2019, thanks to his luxury brands 

Therefore, with all these popular brands and bearing in mind the size of Arnault’s shareholding in the company, it does not come as a surprise how he earned that much billions in the course of 2019.

The 70-year old French billionaire was born in Roubaix, France in 1949. He has a total net worth of about $107.7 billion. In November, he granted an exclusive interview to Forbes Magazine during which he discussed his early days as a businessman and the secret behind the success of his company and its subsidiaries.

“Why are brands like Louis Vuitton and Dior so successful? They have these two aspects, which may be contradictory: They are timeless, [and] they are at the utmost level of modernity…It’s like fire and water.”


Follow us for Breaking News and Market Intelligence.
Tags: Bernard ArnaultLVMHOn the Money
Emmanuel Abara Benson

Emmanuel Abara Benson

Emmanuel Abara Benson is an experienced business reporter and editor. He currently edits articles at Nairametrics. Reach him via email on Emmanuel.abara@nairametrics.com and follow him on Twitter @Mr_Abara for his personal opinions.

Related Posts

The Luxury King : Here Is A List Of All The Brands Owned By Bernard Arnault Under LVMH.
Billionaire Watch

Fashion billionaires, Arnault and Amancio record $4.5 billion loss in 1 day  

July 7, 2025
Meet the top 5 billionaires dominating the $2.5tn fashion industry
Billionaire Watch

Bernard Arnault gains $6.9 billion as LVMH shares rise

July 2, 2025
Meet Bernard Arnault’s 5 children waiting to inherit his $280 billion fashion empire 
Billionaire Watch

Meet Bernard Arnault’s 5 children waiting to inherit his $280 billion fashion empire 

May 19, 2025
Billionaire Arnault’s LVMH’s Moët Hennessy to slash 10% of workforce 
Billionaire Watch

Billionaire Arnault’s LVMH’s Moët Hennessy to slash 10% of workforce 

May 2, 2025
Meet the top 5 billionaires dominating the $2.5tn fashion industry
Billionaire Watch

Bernard Arnault gets 9-year extension as LVMH CEO amid succession plans 

April 18, 2025
Louis Vuitton acquires American jeweller, Tiffany for $16 billion 
Billionaire Watch

Bernard Arnault loses $15.1 billion as luxury demand slumps in China, amid U.S. tariff tension

April 13, 2025
Next Post
oil, NNPC inks $1.16 million deal to deliver power project, NNPC inks deal to boost Nigeria's oil reserve base, Abule-Egba pipeline explosion: NNPC reacts, as over 45,000 incidents recorded in 18 years 

NNPC inks deal to boost nation's oil reserve base

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • Fresh Thinking, Fresh Spaces: Godrej reimagines Air Care with AER Power Pocket 
  • Dry Onions up 30%, pepper up 16.67% in Lagos markets as buyers and sellers react to July 2025 price swings 
  • How Fintech Infrastructure powers the modern Trading Industry 

Follow us on social media:

Recent News

Fresh Thinking, Fresh Spaces: Godrej reimagines Air Care with AER Power Pocket 

Fresh Thinking, Fresh Spaces: Godrej reimagines Air Care with AER Power Pocket 

July 17, 2025
When you travel to your village, why do you buy yams, palm oil and bananas and return them to your city?

Dry Onions up 30%, pepper up 16.67% in Lagos markets as buyers and sellers react to July 2025 price swings 

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics