How much money does Bernard Arnault make a second?

The chairman and CEO of LVMH Moët Hennessy Louis Vuitton SE, Bernard Arnault is currently one of the wealthiest individuals globally, with a staggering net worth of $172.3 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 September 11, 2024, Bernard Arnault and his family boast an impressive net worth of $172.3 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 fifth place of the world’s richest people, just behind Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg.

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.

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.

Comparison to other billionaires

Bernard Arnault’s immense wealth places him in the fifth place of the world’s richest billionaires. As of September 11, 2024, here’s how his net worth compares to other notable figures, such as Elon Musk, Jeff Bezos, Larry Ellison, and Mark Zuckerberg:

Other notable billionaires on this list include the Bernard Arnault ($172.3 billion), Warren Buffett ($144.3 billion), and Bill Gates ($137.2 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.

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