‘Money is just a consequence’: 13 quotes from Bernard Arnault, boss of LVMH – and the second richest person in the world
Boss of luxury goods maker, whose net worth rose to US$107 billion this month, is known for sharing his thoughts on money, success, leadership and power
French billionaire Bernard Arnault has became the second wealthiest person in the world, according to Bloomberg.
Arnault, the chairman and CEO of the luxury goods conglomerate LVMH, saw his net worth jump to US$107.6 billion on July 16 following a spike in his company's shares.
LVMH enjoyed record profits in 2018 with revenue of €46.8 billion (US$52.5 billion) – an increase of 10 per cent over the previous year.
Money is just a consequence. I always say to my team, don’t worry too much about profitability. If you do your job well, the profitability will come
The 70-year-old had started 2019 as the fourth richest person in the world, but after earning US$39 billion since then he surpassed both the American magnate and investor Warren Buffett, and Microsoft co-founder Bill Gates on the Bloomberg Billionaires Index.
Arnault’s increased net worth saw him move ahead of Gates by more than US$200 million.
Over the years, Arnault has shared his thoughts on money, success, leadership, and power. His outlook can serve as a blueprint to entrepreneurs aspiring to follow in his footsteps.
Check out 13 of Arnault’s best quotes.
1. “All that interests me is promoting my brands, never myself.”