Bernard Arnault, chairman and CEO of LVMH, recently became the richest person in the world, according to Forbes magazine. With an estimated net worth of more than $207 billion, Bernard Arnault has surpassed Elon Musk to take the top spot on the list of the world's richest people. So here we list some leadership and success tips from LVMH's Bernard Arnault that will inspire you to achieve more in life. If you want to know more, please read below.
1. Ambitious and have a long-term vision in life
Bernard Arnault once revealed how he first visited China in 1991 and decided to open the first Louis Vuitton store there, despite the country's very low GDP. Decades later, Louis Vuitton has become a top luxury brand both domestically and internationally. “I remember when I first visited China in 1991…When I arrived in Beijing, there were no cars, only bicycles, and no tall buildings. %. Nevertheless, we decided to open China. “Louis Vuitton is the first store in China. Today, Louis Vuitton is the number one luxury brand not only in the country but also around the world. brand. Over the past 25 years, we have seen a growing desire for quality products and an acceleration in purchasing power,” Arnault said. he told Forbes in a previous interview.
2. Don't get too attached to money, do the right thing
According to GQ, Arnault once said, “Money is just a result. I always tell my team, 'Don't worry too much about profitability. If you do your job well, profitability will follow.'” he said. Looking back at Arnault's own history – how he has become one of the world's biggest billionaires in just the past few years, and the world's richest person at age 74 – his advice rings true. It is.
3. Know what's happening at the grassroots level within your company
Arnault believes that instead of focusing only on profits, you need to stay connected to your company and employees and know what's happening at the grassroots level. This gives you a better idea of how your team and company work overall, allowing you to improvise.
“I often tell my team that they should act like they're still a startup. Don't go to the office so much. Be on site and work with customers and designers…I visits stores every week. I'm always looking for store managers. I want to see them working in the field, not in the office doing paperwork,” says Arnault. told Forbes.
4. Have a brand/company-first attitudeUnlike other billionaires, Arnault believes that his brand should be bigger than his public image. “I'm only interested in promoting my brand, never in myself,” Arnault once said. In fact, Arnault has never been the face of a luxury brand, he has always made people aware of his brand and company.
1. Ambitious and have a long-term vision in life
Bernard Arnault once revealed how he first visited China in 1991 and decided to open the first Louis Vuitton store there, despite the country's very low GDP. Decades later, Louis Vuitton has become a top luxury brand both domestically and internationally. “I remember when I first visited China in 1991…When I arrived in Beijing, there were no cars, only bicycles, and no tall buildings. %. Nevertheless, we decided to open China. “Louis Vuitton is the first store in China. Today, Louis Vuitton is the number one luxury brand not only in the country but also around the world. brand. Over the past 25 years, we have seen a growing desire for quality products and an acceleration in purchasing power,” Arnault said. he told Forbes in a previous interview.
2. Don't get too attached to money, do the right thing
According to GQ, Arnault once said, “Money is just a result. I always tell my team, 'Don't worry too much about profitability. If you do your job well, profitability will follow.'” he said. Looking back at Arnault's own history – how he has become one of the world's biggest billionaires in just the past few years, and the world's richest person at age 74 – his advice rings true. It is.
3. Know what's happening at the grassroots level within your company
Arnault believes that instead of focusing only on profits, you need to stay connected to your company and employees and know what's happening at the grassroots level. This gives you a better idea of how your team and company work overall, allowing you to improvise.
“I often tell my team that they should act like they're still a startup. Don't go to the office so much. Be on site and work with customers and designers…I visits stores every week. I'm always looking for store managers. I want to see them working in the field, not in the office doing paperwork,” says Arnault. told Forbes.
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