Generational wealth is not all luck, as the world's richest man, Bernard Arnault, shows. At the age of 73, the French billionaire surpassed Elon Musk and become the wealthiest man in the world in 2023 with a net worth of over $200 billion dollars. Check out this video to know how the world's richest man made his billions.

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Bernard Arnault is a French billionaire who becomes the wealthiest man in the world in 2023 with a net worth of over $200 billion dollars. He comes from humble beginnings as the son of a French civil engineer and has become one of the most successful businessmen in the world. Arnault's success is due not only to his keen business acumen and risk-taking attitude but also to his family's involvement in the luxury goods industry. He built a vast portfolio of businesses through strategic investments and acquisitions, ranging from luxury goods to retail and consumer products to financial services. Arnault acquired a number of luxury goods brands, including Louis Vuitton, Hermès, Givenchy, Christian Dior, Moët & Chandon, and Dom Pérignon, among others. He also expanded into other areas like financial services, insurance, and mining. Arnault has been involved in the luxury goods industry from the beginning of his career and his acquisition spree continued into the mid-2000s. He acquired a large stake in Gucci, Hugo Boss, Tommy Hilfiger, and Yves Saint Laurent.

In addition to his luxury goods empire, Arnault has also invested in technology companies such as Tesla, SpaceX, and Blue Origin, among others. He is known for his strategic thinking and his ability to spot opportunities and make bold investments. Arnault's wealth comes from his ownership stake in LVMH, the world's largest luxury goods company, which owns over 60 subsidiaries including fashion brands, perfumes, jewelry, and luxury goods. He is also the chairman and chief executive of the company. Arnault is known for his philanthropic efforts and has donated millions to various causes including education, culture, and the arts. He is also considered one of the most powerful and influential figures in the global luxury industry. In summary, Bernard Arnault is a French billionaire businessman and philanthropist who made his fortune in the luxury goods industry through strategic investments, acquisitions, and a risk-taking attitude.

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00:00 Intro
00:12 Bernard Arnault
01:09 Marie Claire
01:39 Ecole Polytechnique
02:01 Founded Louis Vuitton And Other Company
02:35 Founded Moet And Chandon, and Dior
02:47 Founded Rolex and Gillette
03:15 Founded Swiss RE And Other Companies
03:37 Founded Gucci and Boss Hugo Boss, And Other company
04:05 Luxury Goods Industry
04:56 Founded LVMH
08:05 Outro


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