How Louis Vuitton CEO Squashed Tech Moguls To $200 Billion
Рет қаралды 535,420
Күн бұрынOver the past couple of decades, tech billionaires have dominated the top of the billionaires' list as the tech industry boomed. However, recently, Bernard Arnault who is the CEO of LVMH overtook the biggest tech tycoons in the world and claimed the title of the world's richest person with a net worth of just under $200 billion. Unlike his peers though, Bernard didn't found any of his companies. Rather, Bernard Arnault slowly but consistently acquired company after company building himself an empire over several decades. Today, LVMH owns a total of 75 different brands ranging over a variety of different fashion and luxury sectors from Christian Dior and Celine to Louis Vuitton and Bulgari. This video explains the story of how Bernard Arnault built LVMH and how Bernard Arnault became the richest person in the world.
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Timestamps:
0:00 - Bernard Claims The Crown
0:28 - Construction Company
2:33 - Christian Dior
4:25 - LVMH
6:19 - Failed Gucci Acquisition
10:01 - The Relentless Rise
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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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@BStrapper 3 жыл бұрын
Best quote from Arnault; The luxury business generate luxury margins.
@erique_k 2 жыл бұрын
Well it’s a little different, lol. “Luxury goods are the only area in which it is possible to make luxury margins.”
@microfarming8583 2 жыл бұрын
Luxury business is not sustainable and his net worth will have shrunk considerable within 10 years after the great reset kicks in
@randomuserame 2 жыл бұрын
Costing chinese and taiwanese prices, sold at italian and french prices.
@puertousbmonkey 2 жыл бұрын
and luxury marketing
@vm7870 2 жыл бұрын
@@microfarming8583 it will only sink if he doesn’t liquidate his shares in his luxury company so all this is easily avoidable.
@wizzy7000 2 жыл бұрын
Bernard and Warren are the only people in our modern society who is in the 10 top richest people in the world that is mostly non tech-related
@dudefromsa 2 жыл бұрын
Except that Warren's single biggest portfolio is on Apple at 41% i believe...
@parimtm 2 жыл бұрын
Tech is a bubble already.... And is overrated
@jacobday3826 2 жыл бұрын
40% of Buffet's portfolio is Apple...
@wizzy7000 2 жыл бұрын
@@jacobday3826 I'm aware of that
@wizzy7000 2 жыл бұрын
@@jacobday3826 that's why I said most
@vivekkene8205 2 жыл бұрын
He's a true businessman. Not a tech genius or maybe not even an expert in fashion industry, but a true businessman.
@parimtm 2 жыл бұрын
Nobody is a tech or fashion genius lol.... Every person at the 'known' top in any/every feild is jus from ultra rich background already (by rich i may not necessarily mean liquid money rich(like elon Musk/Donald trump/jeff Bezoz these were already born in super rich family (3million$+)) i may even mean that they had luckily got parents/neighbours/family ppl/hot drop experienced coach/childhood friends/environment/era of time etc etc who were somehow related to spontaneous interest (slight standard deviation fro. Avg people dur to luck and rich environment, coz in rich environment ur exposed to exponentially more things right at the birth , and the mind and body is most plastic and hardened for age 0-7 so they automatically grab that rich environment and hence jus zoom that 'wealth' in next 50yrs to make it 1000× or more Like if u were born to the rocks dad... U would be close to rocks wealth (given that all conditions were almost similar including the time of concievement) or be it anyone's dad/mom be it ed Sheeran/dua lupa /justinb/eminem/cr7/Neymar/Virat Kohli/Trump/biden/obama/hemilton/kobe/musk/buffet/bezoz/nadella/Rafael Nadal/the rock/robert Downey or some Olympic champ /or some anybody It's just about the liquid (extreme wealth/extreme values when the child is 0-7)that matters nothing else environment of parents So the so called legends are not due to there classical :efforts' just lucky to born in rich wealthy/value-based family
@unclerandy398 2 жыл бұрын
hes a pretty ruthless businessman
@hamdankhan319 2 жыл бұрын
@@parimtm excellent overview
@sp123 2 жыл бұрын
@@parimtm they also had good parents as well. Most kids won’t work hard without parent intervention
@thecryptohacker9976 2 жыл бұрын
@@parimtm Absolutely wrong analysis with wrong facts lol.There are plenty of billionaires and even millionaires who literally cam from nothing,no connections no family money or background.Nothing.There are plenty of examples like these in India.Many from middle class, lower class ,etc.The word rich is very misleading.How much money you have to have to be considered a rich person?According to certain governments that number varies from country to country averaging if you earn 1 to 10million dollars a year.Other than Trump none of the people you mentioned belonged to rich family.And even if someone already belonged to rich family.The journey from 10dollars to 10billion and 10000dollars to 10billions and 10million to 10billion required you to be smart and hardworking.Plenty of billionaires here in India from zillas and poor villages which doesn't even have electricity.Yoyr whole stats is false information and just a result of your own frustration and insecurities within yourself lol.Get a life or a job.Ranting on successful people who reached the top beating the system through their hardwork and innovation is lame.You can have a million dollars and still become like some rappers who spends on clubs and girls and Gucci and later in life becomes broke.You are devoid from reality to think current billionaires all were born in so called "rich"families and therefore it was easy.
@credokame655 3 жыл бұрын
Bernard Arnault = Math + Art Unlike tech businesses that can loose value, his will only gain value with time. His brands are characterized by desirability and timelessness. Bernard is actually grossly underrated.
@nickharrison3748 3 жыл бұрын
well, clothes are like FMCG people in 1950's were wearing clothes people today are wearing clothes people in 2050 will be wearing clothes. But people in 1950's were using a different Phone people today are using a different phone, people in 2050 will be using a different phone. that's the difference between technology and FMCG goods.
@rameses1979 2 жыл бұрын
Bernard Arnault is a smart but vicious businessman. A real wolf
@kknn523 2 жыл бұрын
he was in building development which is in the business of acquiring a new plot of land, and building on it. I suppose he got used to the idea and went on acquiring businesses one after another.
@insideinfo1556 2 жыл бұрын
Indeed. He assimilate people's money with class differentiation in very vicious way. Those brands provide influences to poison society for their profit.
@kknn523 2 жыл бұрын
@@insideinfo1556 most billionaires, politicians, and huge companies think people are like dogs that need to be managed. We are consumers to them. We just consume things.
@jeremybunoit380 2 жыл бұрын
I am pretty sure he paid his way getting into Ecole Polytechnic That degree makes you a demi God in France The way he carried out buying companies tells a story itself. Also the lady which is seen with him is a French reporter who is also seen interviewing lot of time none other than Emmanuel Macron I see a bigger picture here...
@backintimealwyn5736 2 жыл бұрын
well in the end , the workers at LVMH get quite nice work conditions, he revived french craftmanship and made a point on only hiring qualified workers from sinistered places in France as long as they had the "know how" that was fading away (did the same with his american line, hired only true texan lether craftmen-women ), he created way more jobs than he destroyed , he funded Notre Dame rebuilding and got Macron to renounce his ridiculous idea to have it redisigned by a muslim architect ... he might be rough, but he's not completely cynical. HOnestly he saved France's luxury fashion production, from the seamstress to the designers. He's surely not my most hated billionaire. (the woudl be Bezos or Soros)
@ricardomassey973 2 жыл бұрын
I actually met and had a conversation with Arnault and Marc Jacobs in 2011 on his birthday. I was working security for the four seasons hotel in Washington DC, he held his party there and I was assigned to his security detail. Funny thing was I never really knew much about him or who he was at the time, very cool guy.
@glakshya2 3 жыл бұрын
So basically he did businessman stuff
@LogicallyAnswered 3 жыл бұрын
Yep basically
@serronserron1320 3 жыл бұрын
@@LogicallyAnswered You're good at this internet research stuff and things
@erich9779 2 жыл бұрын
WOW
@isoaxe 2 жыл бұрын
Amazing insight.
@sufrihadi 2 жыл бұрын
First impression on Arnault was I thought he founded Renault 😂😂😂
@MultiMonsterteam 2 жыл бұрын
Me too 😂😂😂😂😂😂😂
@batatzbatatzero456 2 жыл бұрын
Then he wouldn't be as rich as he is today.
@alainportant6412 Жыл бұрын
The Renault family was scammed out of their company by the french government after WWII.
@azuth20 2 жыл бұрын
How did Bernard overtake the biggest tech tycoons? by not getting hit with a divorce settlement.
@arellysritchieauthor 2 жыл бұрын
hahah facts
@overlordbrandon 2 жыл бұрын
Sigma Male moments
@alainportant6412 Жыл бұрын
He actually divorced his first wife
@tonyj59 Жыл бұрын
Lawsuit and envious family members 👪 destroy most of the wotld wealthiest entrepreneurs...
@LmFao535 11 ай бұрын
Or buying twitter
@stefanwolf8558 2 жыл бұрын
This is what I like about luxury goods - you'll never run out of sales. If your target demographic is the poor to middle class, your business is cyclical. If the economy is good, you make good money. If there's a crash/recession, your sales drop because your customers tighten their budgets. The rich class don't have cycles like this. They have a lot of money sitting around if there's a recession or not. So they keep buying your items no matter what the economic cycle is.
@sasakaba5718 3 жыл бұрын
He always had a robust long term investing strategy. Bought or invested in almost all the large vital luxury companies creating a household investment firm of luxury brands. It was just a matter of time before LVMH became really strong in it's market cap.
@kknn523 2 жыл бұрын
renault tried to force nissan to sell to them with this same type of sneaky strategy. Carlos Ghosn the ex renault, and ex nissan ceo is sued by nissan. It seems like European companies have a tendency to steal companies..
@chaitu2037 2 жыл бұрын
The Gucci acquisition sounds like a story right out of the Billions show.
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@susannnico Жыл бұрын
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@lailaalfaddil7389 Жыл бұрын
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@saskiaindira3062 2 жыл бұрын
as to how Bernard knew that the creative director of Gucci could walk away from his contract as long as 35% of shares are purchased, either you can do amazing research when you're rich, employment contracts are publicly accessible or word really gets around in those circles...
@yangzhang9686 2 жыл бұрын
It's always the broke people buying these tacky luxury brands as well, as people say Gucci is what poor people think rich people wear
@michelleannor6944 2 жыл бұрын
Gucci is very popular amongst social media influencers and rappers, so lower income people aspire to buy more affordable pieces eg bags, purses, hata
@ypey1 2 жыл бұрын
yeah, i will never get that!
@quanbrooklynkid7776 2 жыл бұрын
damn
@philippezevenberg1332 2 жыл бұрын
Rich people usually don't care about that until they have to hang with other rich people to make deals... even then they dont really care.
@2HRenovation 2 жыл бұрын
Nice battle with Gucci. Lesson learned - show no mercy.
@some.generic.username5254 2 жыл бұрын
The fact that a non-essential product selling company can be at the top , sums it up on how people just run behind getting the classy status
@josefsaldivar9172 2 жыл бұрын
People with out God equal ignorance and shallowness
@jake3736 2 жыл бұрын
It's called new money
@prumchhangsreng979 2 жыл бұрын
It doesnt work that way. Handbag market are estimate to be around 49.35billion dollar while food market is 11.7Trillion dollar. The only different food market is distribute among many company around the world while this guy dominate the handbag market. He buy off many of his competition.
@stefanwolf8558 2 жыл бұрын
@@josefsaldivar9172 Yeah tell that to the Pope that sits on a golden throne lol
@anshXR 7 ай бұрын
@@prumchhangsreng979bruh his companies are luxury fashion brands, mostly selling ridiculous price handbags which general public don't buy.
@handsomeblackmuscle9845 2 жыл бұрын
*Top Richest People* 💲: Bernard Arnault 👽: Elon Musk 👴: Jeff Bezos 🤓: Bill Gates 🦎: Mark Zuckerberg
@aizatiqbal5b411 2 жыл бұрын
bernard arnault should be bag
@megalomaniachub3856 2 жыл бұрын
Accurate !!!
@SB-ur3cu 2 жыл бұрын
Cringe
@tyresewatchthis8025 2 жыл бұрын
💻: Bill Gates*
@tyresewatchthis8025 2 жыл бұрын
😂: Jeff Bezos
@jagadishgospat2548 3 жыл бұрын
Even though I don't care much about fashion, he was a great businessman and quite a tough one as well.
@prakshijain6861 2 жыл бұрын
Lol, i m trying to understand fashion industry but as some one who dont understand fashion, I always think "no one is buy a bag for $50k" but ppl actually do.
@quanbrooklynkid7776 2 жыл бұрын
@@prakshijain6861 that's crazy
@nachiketh3650 2 жыл бұрын
Getting rich by making money from the rich seems like dream come true.
@athenaeum4030 2 жыл бұрын
It's technically still making money from the poor because those rich people are buying luxuries, which are purely selfish, instead of helping poor communities, investing in social infrastructure, giving to charity and so on
@777jones 2 жыл бұрын
Underrated comment! This is my #1 suggestion for how to become rich. Sell goods or services that rich people want. For example, boutique dog grooming.
@txzktxek6084 2 жыл бұрын
@@athenaeum4030 its their money they can do whatever they want with it
@txzktxek6084 2 жыл бұрын
@@athenaeum4030 its the government job to take care of its citizens not the rich
@KaushalStudio 2 жыл бұрын
@@athenaeum4030 hypocrite
@michelbruns 3 жыл бұрын
The gucci acquisition was quite interesting
@LogicallyAnswered 3 жыл бұрын
Ah yes, it was quite a fight
@JohnSmith-si8nz 3 жыл бұрын
Tiffany also nearly failed in Jan 2021, beautiful corporate battle
@drunkendesperado2128 3 жыл бұрын
He doesn't own Gucci
@mugishagabriel6074 3 жыл бұрын
Gucci is owned by kering not LVMH
@themaroon3521 2 жыл бұрын
@@mugishagabriel6074 he owns kering
@andriifedorov8324 3 жыл бұрын
Tech moguls vs Leather bag seller
@LogicallyAnswered 3 жыл бұрын
Hahaha
@thomasthumim7630 3 жыл бұрын
😂
@imlkr_ 3 жыл бұрын
No no Leather bag seller vs guys who run pump and dump schemes with bitcoin
@narc7885 2 жыл бұрын
Look who is making fun of a leather seller.... A broke online troller
@andriifedorov8324 2 жыл бұрын
@@narc7885 poopoo peepee why so serious buddy?
@Dabidto 3 жыл бұрын
Nicely done video. Had me at the edge of my seat and didn't realize 10 minutes had already gone by.
@Pclub4ever 2 жыл бұрын
Facts, his rise to the top was intense.
@rishavsaha1654 2 жыл бұрын
Bernard did with fashion just what facebook is trying to do with social media.
@art_means_artificial 2 жыл бұрын
zucker and mask are rubbish
@prumchhangsreng979 2 жыл бұрын
@@art_means_artificial you people are so annoying.
@RussianBot69420 2 жыл бұрын
Suddenly I want to quit my CS program and start a fashion brand
@imdeexpert5828 2 жыл бұрын
He sells the idea of prestige. Especially in the social media world where everyone wants to look good and successful. They buy those stuff like LV.
@rameses1979 2 жыл бұрын
Subscribed!!! Good job
@shakibkureshi2430 2 жыл бұрын
Thank you so much for this knowledge
@ariserusic 3 жыл бұрын
It's very surprising how fast he grow his wealth.
@LogicallyAnswered 3 жыл бұрын
I know right, I would’ve never expected a luxury company’s stock to grow so fast.
@thomasmineo 3 жыл бұрын
I've heard people compare luxury stocks to tech stocks in the way that they can both command higher P/E ratios than average market because they are considered to have particularly high potential. Though it might just be in France.
@kirtonphilip1234 3 жыл бұрын
@@thomasmineo price to equity🤔
@toxicloner5694 3 жыл бұрын
NOT REALLY. WITH A TON OF MONEY ITS EASY TO MAKE MORE MONEY.
@ulyssescat2672 2 жыл бұрын
@@toxicloner5694 hell no. Growing millions to billions is more difficult than growing thousands to millions. Arnault is very impressive, but envious people hate on his success because they're so poor they do their shopping at a garbage truck
@munix9351 2 жыл бұрын
Let's break this down a bit more. Bernard picked some of the best people to be on his executive board and leads. He invested heavily in poaching execs who were NOT in fashion. His digital department is one of the best in the industry. The higher you go up in LVMH the more you see geeks and financial eagles in the team!! Bernard is a G!!! He had the freedom and autonomy to make decisions and test his ideas. Not many Ceo's have that. Very rare! Problem now is, who will take over from him.
@dawson6196 2 жыл бұрын
I will take it from him.
@jordanrugz2999 2 жыл бұрын
His son
@amariyajames9469 3 жыл бұрын
I love these types of video. Great job @Logically answered
@LogicallyAnswered 3 жыл бұрын
Thanks man!
@topranked744 2 жыл бұрын
Amazing video 🙌🏻🙌🏻
@playea123 2 жыл бұрын
I mean he bought basically all his competitors that's how. Where are the antitrust laws?
@suntzu1409 2 жыл бұрын
Antitrust when LVMH, etc. buys 10 companies: kalm Antitrust when microsoft, amazon, etc. buy 1 company: P A N I K
@antoine1696 2 жыл бұрын
Luxury is a very competitive industry especially in Europe. In France LVMH is faced with Kering for example. In addition, the luxury industry is dominated by Luxury cars, so the fact LVMH doesn’t own a single car brand means their share on the luxury market is relatively small compared to other industry leaders (around 25%).
@playea123 2 жыл бұрын
@@antoine1696 No way anyone views bags, clothing and perfumes in the same category as cars. Luxury cars are a different category all together.
@awesomebrotherhood7698 2 жыл бұрын
I like this style. He has many trade secrets that we may never know. He is passionate that we know
@sanskarjain9465 3 жыл бұрын
awesome video!
@LogicallyAnswered 3 жыл бұрын
Thank you Sanskar!
@sveinolsen7387 3 жыл бұрын
Good video, liked the easy to follow structure, at the same time it was not repetitive
@LogicallyAnswered 3 жыл бұрын
Thank you Svein! Really glad to hear that!
@dsz1195 2 жыл бұрын
"You're comparing a brand that has existed for 200 years to a brand that only existed 20years ago 👀"
@hamidmanesh9945 2 жыл бұрын
There are no secrets to success. It is the result of preparation, hard work, and learning from failure. I pray that anyone reading this become successful in life.
@ananthuthampi2069 2 жыл бұрын
@Drinkwater Jackson Speaking of forex trade, it is the best business in the world right now. Because I no a couple of friends who make a whole lot of money trading the financial market.
@tyleroto1690 2 жыл бұрын
@Williams Morgan Talking about Mrs Richard, I have heard about people testifying a lot about her... But I want to no more about her.
@robowens6393 2 жыл бұрын
@@tyleroto1690 She's a license professional broker who has been helping people by trading, recovering from all their lost.
@AndersonSantos-pi7kn 2 жыл бұрын
@Charles Jason wow I'm shock someone mentioned and recommended expert Miss Richard. I thought people don't no her... She's really awesome.
@AndersonSantos-pi7kn 2 жыл бұрын
Trade with her and remember to share testimony with her.
@tshenolotermomotlhagodi2799 2 жыл бұрын
hi, what are you sources on this, this really interesting.
@littleredcurious5044 2 жыл бұрын
Thankyou for not wasting time and avoiding silly jokes !!
@julianwilton6997 2 жыл бұрын
He probably saw the opportunity and thought; if I don't do it, somebody else will, So he took full advantage.
@quaditz 2 жыл бұрын
Imagine building up an empire worth 200 million dollars, and then increase it by a factor of 1000!
@navneetrastogi8886 2 жыл бұрын
This is the video that I have been looking for! Thanks KZfaq
@backtobettertimes5864 3 жыл бұрын
Great video about a great man, thank you!
@LogicallyAnswered 3 жыл бұрын
Thanks for watching man!
@ivanhaidarli7163 2 жыл бұрын
What he did great?
@localguy123 2 жыл бұрын
Making money is a good thing. But knowing when to stop is a skill many do not know. Having a lot is no use if you do not have peace of mind and serenity.
@ltgdr6298 2 жыл бұрын
if people want to buy luxury items why would he stop selling them ?
@ericpowell4350 2 жыл бұрын
GTFOH with that schnit.
@bigbangtheory1185 2 жыл бұрын
No such thing as too much money.
@sanskarjain9465 3 жыл бұрын
Would like to see a video on real production cost of the products from these luxurious brands just like u made one for iphones😂
@LogicallyAnswered 3 жыл бұрын
Hahaha, it’s prob like 5% of the sale price
@johnl.7754 3 жыл бұрын
Doesn’t matter since lower prices might result in lower sales as prestige gets lower from being cheaper.
@nickm1727 2 жыл бұрын
probably less than 1% of the sales price. imagine producing a regular t-shirt but charging 1000x the cost of a regular t-shirt.
@johnmichaelcornett3598 2 жыл бұрын
@@LogicallyAnswered as some one whose in the industry, its around 1200%-1500$ profit margin after material and labor expense.
@suntzu1409 2 жыл бұрын
@@johnmichaelcornett3598 I am having a PTSD after seeing "1200%-$1500 profit margin" You didnt have to give me PTSD but thanks
@rogerstephenroth8073 Жыл бұрын
Well in regards to the long term business skills he is a masterclass manager. It is hard to make decisions when you have to make cuts or layoffs though, as well buy other companies, but overall it seemed that he was a super successful with his career.
@2cool0 2 жыл бұрын
the answer is simple...... sell a 10 cent bag for 10,000$
@sweetjo717 2 жыл бұрын
Find a LV bag which cost 10 cent to produce. Good luck.
@hypernation8298 2 жыл бұрын
Shady businessman imo, too bad for the Vuittons - you should talk about how Racamier really brought LVMH to it's heights and then lost LVMH to this shady guy.
@lycheesack 2 жыл бұрын
3:15 he fired 9000 employees for company he not care
@ericpowell4350 2 жыл бұрын
Here comes the moralist because the content is out of their depth and reach.
@markolsen4674 2 жыл бұрын
@@lycheesack they literally went bankrupt so he had to do something…
@backintimealwyn5736 2 жыл бұрын
@@lycheesack but he created way more jobs than he destroyed and the working conditions for the smalllest seamstress are very good. He actually helped revive the center of France giving oportunities to young people who were doing really bad. He always refused to outsource or relocate. He did great things , honestly.
@deankruse2891 2 жыл бұрын
Basically he did nothing productive he is a professional executive
@MrHiddenStreet 2 жыл бұрын
Does anyone know what type of career handles these type of acquisition strategies?
@monotrope 2 жыл бұрын
That's a ruthless vicious game out there. Amazing for an elegant fashion brand.
@polso7 3 жыл бұрын
Putin is richer secretly
@pepperpig649 2 жыл бұрын
Through corruption yes
@polso7 2 жыл бұрын
@K P. bitcoin is the key sollution to everything
@Unknown-qy8mv 2 жыл бұрын
@@polso7 ya its just a correction😂
@georgevan2606 2 жыл бұрын
Xi Jiping has entered the chat
@Kstunnnaman23 2 жыл бұрын
So is chinas "president"
@GoFastJames 2 жыл бұрын
What would be an interesting twist if someone like him owns % of manufacturing bootleg items under using the names. Given how hard it is to stop fakes and how much money it brings in at times it's more than what the true brand makes, the smart move would be to find the factories and somehow own some % of them or at some level own a % of the sales. And keep it unknown then the same time when they try to stop the fakes they make money again regardless if it's not sold. Probably few other ways to handle it, just have to be creative about it given no point in trying to fully stop it given never stop. Just like so called war on drugs good luck fully stopping it will never happen. Will all ways be someone willing to take the risk given how much they will get paid.
@sas13691 2 жыл бұрын
and that's how he created people with poor body image and low self-esteem
@joanoliver9880 2 жыл бұрын
If you don't have Bitcoin, consider it as being cheap. If you have, you know it's cheap.
@adreajones4654 2 жыл бұрын
Hi, I just put a message through, hope I get it to him. Thanks for sharing
@harmonybaumbach8700 2 жыл бұрын
Am gonna contact him right way.. these comments ain't bad, thank you so much for the awareness 👏🏻 👏🏻
@mr.andrenader641 2 жыл бұрын
Never regret reaching Albert Edwin John , I'm additionally energized 🤩seeing 4btc in my wallet today God bless you 🙏
@cbdhinesh 2 жыл бұрын
What bgm are we running in the background?
@Simon-xi8tb 2 жыл бұрын
the moral of the story: You need to start with tens of millions, if you want to make hundreds of millions.
@user-fr4cg2xj2w 2 жыл бұрын
Hundreds of billions*
@ogungou9 2 жыл бұрын
@@user-fr4cg2xj2w: 190 billions are not hundreds of billions. Hundreds of billions are equal or superior to 200 billions.
@johnyepthomi892 2 жыл бұрын
and buy out smaller companies future proofing yourself and acquiring talents along the way.
@jonpaul3868 2 жыл бұрын
Always been like that, my man.
@devanarayans5131 3 жыл бұрын
"How a leather seller beat The Great Elon Musk "
@ecitb3005 2 жыл бұрын
Meeting the Chinese consumers' demands 😁 is the secret
@alvinleong269 2 жыл бұрын
Just goes to show how marketing dominates... even in a low tech industry one can surpass them all
@rtxmax8223 2 жыл бұрын
While these people spend money on things that holds no significance, the other half of the world is struggling to make ends meet. Its interesting the people themselves have given them this power.
@Zanator1 2 жыл бұрын
So all you need to do to succeed is be born into a rich well connected family! Of course, why didn't I think of that.
@ikmalhafiz2865 2 жыл бұрын
Stocks is pivotal to be among the richest.
@Zanator1 2 жыл бұрын
@@ikmalhafiz2865 It is, but most of them get born to already wealthy and connected families. If your dad can afford to send you to "one of the best universities in France", you're guaranteed to meet other rich kids, network with them, and get a head start in life. If he was born to a working class family, he would still have done well, but he would not be the richest man alive. If he was born to a broken abusive family, he probably would not have done well at all.
@whimsy3408 2 жыл бұрын
despair and resentment towards other more fortunate people is more comforting then taking responsibility for improving your circumstances in life.
@Zanator1 2 жыл бұрын
@@whimsy3408 Recognizing the extent to which success is based on luck is important. Nobody should die of exposure on the streets while these people compete for who can waste more money on a yacht, but as long as people believe wealth is always earned and poverty is deserved, that will continue to happen.
@whimsy3408 2 жыл бұрын
@@Zanator1 adopting an attitude of passivety and helplessness to lifes circumstances doesn't help. all (with maybe the exception of the most ultimately dreadful) circumstances can be gradually improved upon if we create a plan and make all the necessary sacrifices to see it through.
@mfundomlotshwa4666 2 жыл бұрын
A shrewd business man.
@sumdumgoy3994 2 жыл бұрын
isn't what made each of these companies unique is not being owned by the same person, seems like it's becoming luxotica which is the eye wear monopoly.
@SayanDas-cf4gl Жыл бұрын
He is more of a ruthless corporate raider rather than a delicate fashion genius
@kylewilliams4691 3 жыл бұрын
Learned a lot about him from You and Jake tran.
@LogicallyAnswered 3 жыл бұрын
Glad to hear that!
@shohokuslamdunk 2 жыл бұрын
his net worth will dramatically drop once inflation catches up and consumer discretionaries tank.
@blipblop92 2 жыл бұрын
I dont know but this guy basically saw the future. The future where you have the ultra rich buying anything with a logo on it.
@sunshinemodels1 2 жыл бұрын
this is like the story of the guy who started with a nickel and kept trading up for things until he had a porsche
@apc9714 3 жыл бұрын
Is there any measure to report more effectively the people spamming fake investment brokers under KZfaq videos. They are ruining the comment section in so many economic channels. It's a shame.
@LogicallyAnswered 3 жыл бұрын
You’re right, it’s really quite sad. There’s no better way than individually reporting them right now.
@martinkarugaba 2 жыл бұрын
I don't think he's any different from tech gurus, trying to make a monopoly!
@envyhose6315 2 жыл бұрын
I’ve always wondered this actually
@ksumnol3 3 жыл бұрын
what the hell happend to the dress on left at 3:45 ?
@MoneyMindsetM 3 жыл бұрын
I don't have dreams, I've goals! - Unknown Billionaire
@bonnyathome 2 жыл бұрын
...as a hundredair myself, I can honestly say, the differences between us is marginal, just a few billions...
@sonekhammokjali4645 2 жыл бұрын
Appreciate and ecstatic to you succeed
@nate4172 2 жыл бұрын
Intresting vid
@sark137 2 жыл бұрын
i see no account how he squashed tech moguls?
@larryleonard6406 2 жыл бұрын
Intelligent investors shouldn’t ignore expert Mr. Paul Jones. He says, how many millionaires or billionaires do you know who have become wealthy by investing in savings accounts? Obviously non has become rich by putting their wealth in savings accounts
@yahayahabiba7839 2 жыл бұрын
That is true
@yahayahabiba7839 2 жыл бұрын
The greatest glory in living lies not in never falling, but in rising every time we fall. That was Paul Jones told me the first time I contacted him.
@gabrielheino5073 2 жыл бұрын
Rich people plays the money game to win. Poor people plays the money to not lose. The goal of the truly rich people is to have massive wealth and the poor sees it as surplus opportunity for consumption instead of investing it. change your mindset and do what the rich does, which is investing, investing and investing..
@gabrielheino5073 2 жыл бұрын
It's not whether you're right or wrong that's important, but how much mon'ey you make when you're right and how much you lose when you're wrong. I don't look to jump over seven-foot bars; I look around for one-foot bars that I can step over.
@andrewwalker1581 2 жыл бұрын
I feel so excited tradlng with expert Paul Jones. He is a trade guru I have ever traded with
@gilbertssemuju6375 2 жыл бұрын
So about the realestate company did he sell it or he still has it
@Pclub4ever 2 жыл бұрын
would like to know that too
@purplebubblegum4055 2 жыл бұрын
Yeah there were stories that indian companies who did their embroidery work didn't get paid
@manghariz2211 3 жыл бұрын
Is this new dethroning can be a proof that Luxury companies is still a good investment or maybe even better than others ? I would love to know how good the Luxuries company have done these years.
@LogicallyAnswered 3 жыл бұрын
Yeah it’s actually really surprising, luxury company stocks have skyrocketed over the past few months. I think it’s just reopening hype though, so not sure how long this growth will last.
@alexzombi2104 2 жыл бұрын
The rich are getting richer, and poor are getting poorer. So luxury brands will always be thriving.
@ameenabdullah3712 2 жыл бұрын
@@alexzombi2104 exactly
@ltgdr6298 2 жыл бұрын
@@alexzombi2104 the thing is that both rich and poor people buy luxury brand
@k0zzu21 2 жыл бұрын
Luxury is perceived to do relatively well in high inflation, since it's target customer base is less affected by rising prices.
@ramraghavendra7178 2 жыл бұрын
Basicly he beat Both Elon musk and Jeff bezos
@MrEmptyfuel 2 жыл бұрын
He is not LOUIS VUITTON CEO. He CEO of LVMH group.
@genghischan69 2 жыл бұрын
I like how you try to frame vicious and evil cutthroats into touching success stories. It's comedy in its own right.
@BB-cv5bl 3 жыл бұрын
the way i love capitolism
@michelbruns 3 жыл бұрын
Bill, mark, jeff etc. Deserve the money, they made something thats actually useful to many of us and innovate, this guy is basically getting charity from rich people and selling products that are purposefully overpriced, and the worst part is, the products are not even made *That* well tl;dr he hasnt done something "useful" for humanity
@LogicallyAnswered 3 жыл бұрын
That’s a fair point. He didn’t exactly invent anything.
@webdev8284 3 жыл бұрын
Who you talking about?
@saysomethingsmartcomeonent5233 3 жыл бұрын
@@webdev8284 Bernard arnadt
@LogicallyAnswered 3 жыл бұрын
Bernard Arnault
@chloekaftan 3 жыл бұрын
Everyone knows everything made by the fashion industry is made by slaves (not actual slaves but they may as well be for how little they get paid)
@kevinanderson9752 2 жыл бұрын
This segment will be the first to take a dump in a shifting economic landscape. Necessities such as utilities and tech would be more resilient.
@jimcuddy7407 2 жыл бұрын
I'm not sure he'd squash tech giants but I admire him
@lukahead6 2 жыл бұрын
His name is not "Bur Nerd Arnold" it is "Bear Naar Arno" In French the "d" from Bernard is silent, and the "lt" from Arnault is also silent
@UndecimeBeatitudo 2 жыл бұрын
Thanks. Also felt my ears bleed hearing the man's French. Also, "Hermés" is pronounced like "Ærmé" because H is silent and stress falls onto the last syllable. As well as Henessy is pronounced "ænessí" - same thing applies
@giovannip8600 2 жыл бұрын
We can all agree French is an unnecessarily complicated language
@UndecimeBeatitudo 2 жыл бұрын
@@giovannip8600 , nah, can't agree with that fully. I don't know a lick of French apart from a couple of phrases, but I don't find it complicated. But the spelling though... On the flip side we have German with 99% straightforward spelling and pronunciation, but with grammar that's giving me nightmares.
@giovannip8600 2 жыл бұрын
@@UndecimeBeatitudo Yeah, I was referring to the spelling haha. Yeah, German is also complex, I prefer it over French though haha
@alainportant6412 Жыл бұрын
@@UndecimeBeatitudo Hermès is actually pronounced Hermès, you're supposed to hear the S like in Serpent, but I often hear Hermiz, which is wrong.
@chrischris1878 2 жыл бұрын
By underpaying his staff duh. How many employees from the LVMH umbrella do you hear making good money and getting good benefits. It’s not like working at google.
@pythonicd1239 2 жыл бұрын
@@billiecharms4767 no one's gonna fall for this bs
@linonator 2 жыл бұрын
Great video. But how many times are you gonna say Bernard. Lol like how many time bro
@matheo1224 2 жыл бұрын
He is not Louis Vuitton's CEO. That's Michael Burke. BA is LVMH's CEO and majority owner.
@aaliyahkareh6318 2 жыл бұрын
Thanks darling your informative videos and educative content have really helped me alot, I now earn weekly 🥰
@isabellabryant3286 2 жыл бұрын
My love that's cool but I don't understand the fact that you earn weekly
@isabellabryant3286 2 жыл бұрын
I will love to be your friend my love, and if you don't mind can you share the tips of the earning..
@aaliyahkareh6318 2 жыл бұрын
@@isabellabryant3286 I was depressed when I see my children suffer because of financial issues, so a friend introduce me to cryptocurrency trading and investment....
@isabellabryant3286 2 жыл бұрын
@@aaliyahkareh6318 oh I see! I guess you're talking about investments, how can one start a great and profitable one..
@aaliyahkareh6318 2 жыл бұрын
There are lots of investing options (real estate, stocks,gold silver, cryptocurrency, Airbnb,ETFS) Cryptocurrency will take us to the Moon...
@kingvergaz 3 жыл бұрын
Atleast he had a head start
@Editnamehere 2 жыл бұрын
What’s more impressive is how he convinced low class bums to buy $100 bags for $10,000 on debt. Just to show off.
@kyosiimireolivia6379 2 жыл бұрын
What a brand!!
@jeffkirau424 3 жыл бұрын
So he's almost half as rich as the entire company's net worth?
@datmesay 3 жыл бұрын
Not really, more like 100% of the company valorisation 🤷🏽♂️
@suh-guy 3 жыл бұрын
The way he was saying the French names like they were English names was erky, especially the 1st 2 minutes he kept saying Bernard. It's Beh-nar Ar-no & Fran-swah Pee-no (for next time) Great video as always. Arnault has been my favourite business man for a long while now.
@LogicallyAnswered 3 жыл бұрын
Hahaha, thanks man
@carinka9383 2 жыл бұрын
Thanks
@christiankalala840 2 жыл бұрын
I respect the man!
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