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How much money does Bernard Arnault make a second?

How much money does Bernard Arnault make a second?
Bogdan Stojkov

The chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, Bernard Arnault is currently the wealthiest individual globally, with a staggering net worth of $192 billion. Knowing this, we couldn’t help but wonder just how much he makes per second, so we conducted a thorough analysis of his earnings to get as close as possible to the exact number. In short—the results will blow you away.

Bernard Arnault’s net worth

As of July 17, 2024, Bernard Arnault and his family boast an impressive net worth of $192 billion. At least, this is what Forbes’ “Real-Time Billionaires” index suggests. Either way, this is a colossal sum that places the Arnault family in third place of the world’s richest people, just behind Elon Musk and Jeff Bezos, and one place in front of Mark Zuckerberg.

How Bernard Arnault made his money.

Source of income

Bernard Arnault’s primary source of income stems from his significant ownership stake in LVMH. Namely, the Arnault family holds 6.744% ownership in the conglomerate, which reported a gross profit of €22.8 billion for the fiscal year 2023.

LVMH Moët Hennessy Louis Vuitton SE is a multinational luxury goods conglomerate headquartered in Paris, France. Founded in 1987 through the merger of Louis Vuitton and Moët Hennessy, LVMH has since evolved into a powerhouse in the luxury industry, boasting a portfolio of over 70 prestigious brands across various sectors. These include fashion, leather goods, perfumes, cosmetics, watches, jewelry, and wines and spirits. Some of its most renowned brands include Louis Vuitton, Dior, Givenchy, Fendi, Bulgari, and Dom Pérignon, all of which help it maintain its position as a leader in the luxury market.

The methodology

Although we could have gone an easier route and calculated Bernard Arnault’s earnings per second using his net worth figures, we opted for a more analytical approach. Namely, our methodology is based on LVHM’s yearly profits and Arnault’s ownership percentage.

So, to determine just how much money Bernard Arnault makes every second, we first need to calculate the Arnault family’s share of LVMH’s profits. To do this, we must first multiply the gross profit by their ownership percentage. Once we have this figure, we can proceed further and divide the result by the number of seconds in a year.

How much does Bernard Arnault make a second?

Given LVMH’s gross profit of €22.8 billion in 2023 and the Arnault family’s ownership stake of 6.744%, their share of the profits amounts to approximately €1.537 billion. Now, let’s break down Arnault’s earnings per second, which is €1.537 billion divided by 31,536,000 seconds (the number of seconds in a year), equaling approximately €48.74.

Knowing how much money Bernard Arnault makes a second allows us to find out other interesting figures, such as just how much he makes per minute, hour, day, and week. These are approximately €2,924.42 per minute, €175,465.20 per hour, €4,211,086.40 per day, and €29,477,605.60 per week.

Per second€48.74
Per minute€2,924.42
Per hour€175,465.20
Per day€4,211,086.40
Per week€29,477,605.60
Bernard Arnault’s earnings per second, minute, hour, day, and week

Please note

The calculated figure is based on estimated ownership percentages and reported profits for the respective companies, and should be considered speculative rather than precise financial data. Additionally, this analysis has not accounted for any of Arnault’s private investments, dividend-paying ventures, etc.

Comparison to other billionaires

Bernard Arnault’s immense wealth places him in the third place of the world’s richest billionaires. As of July 17, 2024, here’s how his net worth compares to other notable figures, such as Elon Musk, Jeff Bezos, and Mark Zuckerberg:

Elon Musk$254.5 billion
Jeff Bezos$210 billion
Bernard Arnault$192 billion
Larry Ellison$177.1 billion
World’s richest people as of July 17, 2024. Source: forbes.com/real-time-billionaires

Other notable billionaires on this list include the Mark Zuckerberg ($171.8 billion), Larry Page ($151.8 billion), and Sergey Brin ($145.3 billion).

The bottom line

Bernard Arnault’s earnings are mind-boggling, to say the least, with him raking in millions of dollars every hour, day, and week. His wealth dwarfs that of many other billionaires, solidifying his status as one of the most financially successful individuals globally. As the head of LVMH, his fortunes are deeply intertwined with the success of the luxury conglomerate, reflecting the immense value he brings to the company.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how much Bernard Arnault makes a second

Who is Bernard Arnault?

Bernard Arnault is a French billionaire businessman and the chairman and CEO of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company. He is often ranked among the richest people in the world, known for his influence in the luxury fashion and retail industry.

What is Bernard Arnault's net worth?

As of July 17, 2024, Bernard Arnault’s net worth is $192 billion, making him the third-richest billionaire in the world.

How much does Bernard Arnault make a second?

Bernard Arnault makes €48.74 per second, €2,924.42 per minute, €175,465.20 per hour, €4,211,086.40 per day, and €29,477,605.60 per week.

Who are the world's richest billionaires?

As of mid-2024, Elon Musk is the world’s richest billionaire with a net worth of $254.5 billion, Jeff Bezos is in second place with $210 to his name, and Bernard Arnault is in third place with $192 billion.

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