Siblings<\/strong><\/td>Alexandre Arnault\u00a0and\u00a0Jean Arnault<\/td><\/tr> Educational Qualification<\/strong><\/td>Graduated<\/td><\/tr><\/tbody><\/table><\/figure><\/p>
\u00a0Early life <\/strong><\/h2>Born in Neuilly-sur-Seine, France on November 7, 1995, Arnault is the second youngest child of French-Canadian pianist H\u00e9l\u00e8ne Mercier, who was born in 1959, and Bernard Arnault. His younger brother, Jean Arnault (b. 1998), works at Louis Vuitton’s watch division, while his older brother, Alexandre Arnault (b. 1992), is presently the president of Tiffany & Co. in New York City. He is therefore a dual citizen of Canada and France.<\/p>
Career<\/strong><\/h2>When Fr\u00e9d\u00e9ric Arnault was 25, he was named CEO of TAG Heuer, making him the second-youngest Arnault to obtain that position after his brother Alexandre. While he puts a lot of focus into connected watches, which now constitutes 15% of all sales, his main focus is e-commerce, which grew 329% in 2020.<\/li>\n\n In 2020 Fr\u00e9d\u00e9ric Arnault entered the spotlight after he partnered with Ryan Gosling after taking the reins of TAG Heuer. In the beginning, the partnership seemed unusual because the actor had no social media presence and had never endorsed a product before. However, Fr\u00e9d\u00e9ric saw an opportunity and finally signed a two-year deal with Gosling after a year and a half of negotiations.<\/li>\n\n It was also thanks to Fr\u00e9d\u00e9ric Arnault that TAG Heuer got a key partnership with Porsche.<\/li><\/ul>Fr\u00e9d\u00e9ric Arnault\u2019s net worth<\/strong><\/h2><\/p>Fr\u00e9d\u00e9ric Arnault<\/th> Networth<\/th><\/tr><\/thead> Fr\u00e9d\u00e9ric Arnault Networth 2024<\/strong><\/td>6.81 Million<\/td><\/tr> Fr\u00e9d\u00e9ric Arnault Networth 2023<\/strong><\/td>6.13 Million<\/td><\/tr> Fr\u00e9d\u00e9ric Arnault Networth 2022<\/strong><\/td>5.45 Million<\/td><\/tr> Fr\u00e9d\u00e9ric Arnault Networth 2021<\/strong><\/td>4.77 Million<\/td><\/tr> Fr\u00e9d\u00e9ric Arnault Networth 2020<\/strong><\/td>4.09 Million<\/td><\/tr><\/tbody><\/table><\/figure><\/p>
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As of January 9, 2024, Bernard Arnault and his family’s net worth is estimated by Forbes to be USD 188.2 billion, based on the real-time billionaire’s index. With Space X CEO Elon Musk, they are now the second wealthiest billionaires.<\/p>
The bulk of the wealth originates from LVMH, in which Bernard Arnault holds a 47% share. The venture capital business Agla\u00e9 Ventures, which has invested in Netflix and the parent company of TikTok, ByteDance, is led by his holding company Agache.<\/p>
Although it is difficult to determine Arnault’s pay, his position, watch collection, way of life, and employment all indicate that, like his father and siblings, he is a rising star in the luxury retail industry.<\/p>
Fr\u00e9d\u00e9ric Arnault\u2019s education and other work stints<\/strong><\/h2>Fr\u00e9d\u00e9ric Arnault is the fourth child and third son of Bernard Arnault, having been born in 1995. He earned a degree in computational and applied mathematics from \u00c9cole Polytechnique, following in his father’s footsteps. While studying at the prestigious French university, Arnault co-founded a mobile payment business that was sold to Banque Nationale de Paris, popularly known as BNP Paribas.<\/p>
Arnault interned at McKinsey & Company and Facebook’s AI New York team before joining LVMH. His business acumen has been honed by these illustrious tenure, which have enabled him to lead Tag Heuer to new heights.<\/p>
Fr\u00e9d\u00e9ric Arnault\u2019s role in LVMH and other details about the business scion<\/strong><\/h2>His role as the head of LVMH\u2019s watch segment<\/strong><\/li><\/ul><\/p> <\/figure><\/p>
Fr\u00e9d\u00e9ric Arnault oversees the operations of three watch brands collectively as the CEO of LVMH Watches: Zenith, Hublot, and TAG Heuer.<\/p>
Arnault’s ascent to lead LVMH’s watch division makes sense, considering his track record of success as CEO of Tag Heuer in rebranding the brand to appeal to young while maintaining the company’s pedigree and tradition. Hodinkee reports that Julien Tornare, the outgoing CEO of Zenith, who has served in that capacity since 2017, will take over at Tag Heuer.<\/p>
Reporting positions will also alter as a result of Arnault joining the management team. The CEO of LVMH Watches & Jewelry, St\u00e9phane Bianchi, will be receiving his reports. However, Tornare, Benoit de Clerck, the present CEO of Zenith, and Ricardo Guadalupe, the CEO of Hublot, will report to Arnault.<\/p>
Impeccable track record at Tag Heuer<\/strong><\/li><\/ul>Tag Heuer, guided by Fr\u00e9d\u00e9ric Arnault, maintained its connection to its horological tradition while taking a new approach. One of the biggest houses under the LVMH umbrella, Fr\u00e9d\u00e9ric Arnault joined the company in 2017 as head of linked technologies under then-CEO Bianchi. Though the latter’s job was to teach him to take over, disagreements over ideas frequently arose between them.<\/p>
Arnault received a promotion to head of strategy and officer of digital the following year. He was the second-youngest Arnault to hold the position, behind his brother Alexandre, when he was appointed CEO of the Maison in 2020.<\/p>
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The youthful executive concentrated on appealing to younger people with the legacy label. Numerous wearables with sensors were unveiled, along with a range of Tag Heuer Connected watches that monitored exercise, sleep patterns, heart rate, and other health metrics. The Swiss watchmakers found that this business move was extremely successful, and it also significantly increased both their company and net worth. A Fortune study from 2022 states that connected watches account for about 15% of total sales.<\/p>
As a next-gen billionaire with a passion for young connection, Arnault blended new-age technology with Swiss craftsmanship that allowed consumers to link their Connect watches with crypto wallets and show their chosen non-fungible tokens (NFTs).<\/p>
In another strive to make the brand youth-friendly, Arnault roped in Canadian actor Ryan Gosling as a Tag Heuer brand ambassador in 2020. The move seemed quite peculiar at first, as the actor has no social media presence. However, it paid off when the partnership became Gosling\u2019s first endorsement, and in 2023, Tag Heuer watches were featured in the\u00a0Barbie\u00a0film.<\/p>
Fortune<\/em> states that in the same year, Tag Heuer\u2019s e-commerce grew by 329 per cent, and in the third quarter of 2021, LVMH earned revenues of USD 7.1 billion from its watch and jewellery sector.<\/p>Such an impeccable track record added to Fr\u00e9d\u00e9ric Arnault\u2019s net worth and LVMH\u2019s soaring business, as well as propelled the Swiss label to newer heights.<\/p>
Fr\u00e9d\u00e9ric Arnault has a passion for watches<\/strong><\/h4><\/p>
NEW YORK, NEW YORK – JULY 12: CEO of TAG Heuer Frederic Arnault and Bernard Arnault attend as TAG Heuer celebrates the Grand Opening of their new boutique on 5th Avenue on July 12, 2023 in New York City. (Photo by Roy Rochlin\/Getty Images TAG Heuer)<\/figcaption><\/figure><\/li> <\/figure><\/li> <\/figure><\/li> <\/figure><\/li> <\/figure><\/li> <\/figure><\/li> <\/figure><\/li><\/ul><\/a> <\/a> <\/a>