The Homeless Teen Who Created Louis Vuitton
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Louis Vuitton is the most valuable luxury fashion brand in the world. Its CEO, Bernard Arnault, is also the second-wealthiest man on the planet with a net worth of around $180 billion dollars. Looking at Louis Vuitton’s business and financial success today, you would never guess that the company was started by a man who was homeless during his teenage years, had no education, and slept in a forest. Louis Vuitton is a true business rags-to-riches story. But the company would also be the subject of a hostile takeover, countless lawsuits, and a host of other controversies. This is the insane story of Louis Vuitton, and how a tiny family business evolved into one of the most powerful brands in the world. LVMH is now a giant luxury fashion conglomerate, and the story of Louis Vuitton & Bernard Arnault (The wolf in Cashmere) is a business mini movie I think you’re gonna enjoy! In this business success story, we'll look at: how did Louis Vuitton start? Why is Louis Vuitton so popular? What is the history of Louis Vuitton and LVMH? And lots more about Louis Vuitton's extremely profitable business. #Business #Entrepreneur #Magnates #VessiPartner #sponsored
The Homeless Teen Who Created Louis Vuitton
How a Homeless Teenager Created The #1 Fashion Brand
How a Homeless Teenager Created a Multi-Billion Dollar Brand
Louis Vuitton: From Broke To Billions
WELCOME TO THE INSANE STORY OF LOUIS VUITTON:
00:00 Intro
00:48 CHAPTER 1: A Homeless Youth
02:35 CHAPTER 2: Finding Success
06:09 CHAPTER 3: Starting Over
10:00 CHAPTER 4: The Battle for LV
13:25 CHAPTER 5: Modern Day Louis Vuitton
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Thanks again Vessi for sponsoring! Use my code MAGNATES for $25 off each pair of your Vessi shoes! Free shipping to CA, US, AUS, NZ, JP, TW, KR, SGP. Btw in case you missed it, a few days ago I posted this video on the crazy story of Dunkin’, and how they made billions from donuts… if you’re looking for something to watch after this Louis Vuitton video, go check it here: kzhead.info/sun/eJ2geM2Cqp2YhYE/bejne.html 🍩 Thanks as always for all the support! 🙏And I’ve got another new video for you in a few days!
No free shipping to UK?
Yee haw
Great Video's Magnates!! You are definitely my new docu minis channel! I definitely appreciate your hard work and effort. 🧡
Portland, JAMAICA in the Building!!
If they colaborated with the NAZIS, they should have dissapeared. And lets not forget they make bags out of animal skins. They profit out of animal suffering and their bodies. Truly disgusting.
After surving all those trials, knowing that the business was taken from under the family by that snake who betrayed them was hard to hear :(
kind of liked it when nazi family gets kicked off and nepotism no longer survives
@@revatipatil4836 You would be worshipping nazi and wiping hitler's ass if that was your business. Surviving your business is not a crime.
Nothing lasts forever my friend
Sounds like Gucci. I dont buy either because theyre no longer true to their roots.
Who did LV belong to before this homeless guy started to own it?
The beginning success of this company was awesome and it made me root for them, but when the family lost the business and Bernard took over, the family built company connection was lost and I kinda hope it falls off soon. Sneaking behind the owners back to get majority stake is scummy and I don’t respect that type of hustle.
I completely agree!
Yeah greedy mo f...
Word
It’s pretty interesting though.. technically he didn’t break the law and some would say that’s business didn’t do anything wrong…
He fucking stinks of Greed...
That homeless child had a great journey of his life.What a inspiration.
Absolutely agree with you
Yeah..
Or he would never have been homeless and never have had his company stolen, if not for the exploitation of capitalism.
History shows he had a Lambo and didn't walk!😂
@@WishAAAProductionscap, he would have been a poor farmer forever if not for capitalism and woldnt have died a millionaire if not for capitalism
So heartbreaking being betrayed like that. I feel sorry for the Louis Family :(
He, the non-Vuitton himself. choose to collab with MH. Then get Ben to play/control MH. He himself got screwed. In a way, MH too, coz Ben came out tops. Don't feel sorry for LV. They forced a lot of smaller companies to go under their banner. Like Luxottica. Also, LV ate good food bcoz you paid 5k for a bag.
The ending just sucks man. This random greedy guy stabbed the family in the back. Now the family doesn’t own the company anymore . I hope they get it back man
Same with Mc Donalds...check it
Happy to McDonalds
@@Caztaneda76 same with many businesses. Many businesses get bought out or have ownership switched or stolen. It's quite normal.
@@likeablecloud2454 that needs to change if all the old ways of past can be changed when it comes to what's tolerable to say they should be able to right wrongs because they have the answers to who should be the true beneficiary
@@robertcarroll6333 yeah but a true beneficiary is different.. look many companies can be taken over by others. The way I think it went down is like how my family sold their bakery off to nestle it's quite easy. So basically a lot of the time of an insider wants to take over a company they can start negotiations work up the latter etc. Many times when you hire someone of such nature they try to get an executive decision. Then they can make a decision as to if it's for the greater good of the company to sell etc to another. The way I think it went down was that all major aspects in the company sides with the other guy and put pressure for him to sell or transfer ownership. He should still be making money from the company. So it's not exactly that bad.
This story gave me goosebumps, lots of respect for Mr Louis Vuitton
Me too omg amazing 🥲 story lv beautiful beautiful bags love ❤️ love ❤️ them I’ll never have one ☝️ i so love ❤️ the style of the bags but it’s not in my price range wow that’s absolutely awesome 😎 lv worth 160 billion dollars 💵 wow!!!!!’ Good night 😴
It makes you wonder if his father or step mother came crawling back once he was famous...or maybe being so isolated they never knew?
Never wearing this LV again 😡😡😡
They should make Louis voutton a movie it would be a massive inspiration 🙌
They have a show I believe?
Nah this deserves a series…
Bernard would sue them
Lamborghini movie was lit tho
The saddest part is, Bernard is trying to leave the company to his kids, meaning it will now belong to an entirely new family.
well duh, he already took over the company. He didn't do all that snakey job just to give it back...
I mean…who is he suppose to leave it to??
@@fivefiveqt214 back to louis vuitton family
He slept in a forest where? I will tell you. Somewhere he saw a printed fabric of sacred people and stole the most power design in the world now rich because of who, our people from the land. I believe it is a law suit going down. They can have lv but those flowers and domier prints are stolen. Teen or no teen, stuff they get to come up off of is always someone else idea first!
@@madesewmodestlyorganizatio1424 The hell are you talking about?
IMO, This is an excellent example of just how nasty business can be, there is absolutely nothing left of the original, inspirational family business. It has been taken over by ravenous vultures who illustrate corporate greed that creates overpriced, over-rated items for the elites of this world.
Problem with going public is anyone can buy the shares of the company.
Lol... elites of the world. Ironic thing is a large portion of their market are the working class dreamers looking to elevate their perceived social status.
perfectly described👑👜🪙🎩👠💍👁️🗨️
Same happened with McDonald's.
@@jacksonjacob7791 Correct! Hard to play both ends against the middle well...that is, use others money while pretending to be a privileged family business who's totally in control. Perhaps the heir should have downsized instead, or should have stayed while learning how to operate a multinational corporation.
You asked if we thought they were overpriced? Yes absolutely! I agree with some of the other comments that the business isn't the same now that it's not run by the family! It'd be nice to get your hands on some of the old antiques that were made by the original Louis Vuitton! Those would be worth the high price tag!
True
The family wouldn't get paid even if you did pay the high tag for the original
Yeah the business isn’t the same, it’s much larger and more successful now. If only we could bring the dead back so they could continue to run the company hey
The bigger the brand, the more overpriced its products, people are paying for the brand, the price has no relation to the quality, highest priced product doesn't mean it's the best quality. To make people pay more than they should is all down to marketing and brand building.
Nows it’s all about the hyper and limited items. People will pay 1400 for one shoe.. not a pair.. only because “everyone else” is wanting that shoe.
The poor child who run away from his home without a suitcase. Become the most influencer suitcases producer. I appreciate the story
Becomes a greedy heartless too.
Great history behind LV. However, it's repulsive that money, greed, and betrayal by Bernard who was a well trusted friend broke the family history of a business created by the tenacity and perseverance of a determined child. I believe in karma, he will reap what he's sewn one day, here or in the afterlife.
The afterlife 4sure and some there down the lv will crash
@@IamJalayaaa Amen
Even if I had the money, I wouldn't buy LV as I don't like the shape and pattern.
Without Arnault, there would be no LV as you know it, the remaining family were idiots who were stuck in a direction who did not work, it was forgotten, he’s the real visionary in that story.
Man, this guy betrayed his buddy to takeover their family business. Damn, money and power will make a human do anything... crazy
No wonder the Backstabber prefers to stay out of the Limelight...
True
He was never a friend
EVERYONE has a price never forget that
@@angelmoreno5058 even God it seems too ❤😮
Louis Vuitton is the literal epitome of rags to riches.
It's also the literal epitome of faceless corporate takeovers that have nothing to do anymore with the heartwarming original rags-to-riches story.
@@problemat1que facts
And to be honest every story in the 1820s began with “rags”…..it was the goddamn 1820s
It might be where the saying comes from
@@V8chump yeah because there are no children of wealthy people in that time, right?
Inspiring story. That being said, the brand has become a way for people who struggle to afford their products, to try and impress people who don't like them. Everything now is a perversion of its historic glory.
Amén!
I have a bag from the original family
The ending was so saddening like the generations of hardwork being stolen.
A thief would always be on the look out for its fellow comrades. I do wish LV would somehow or the other be returned to the LV family. This is was both inspiring and heart breaking.
Absolutely agree with you
Right?? We always see it happen with music where’s the family sues for using name Or image how can’t they do that with this ?
we only buy such producTs woman like me havenT got ThaT
i had To face permanent steeling This wasnT nice
I think it’s very sad what they’ve become. If I ever had the money to buy their product, I wouldn’t.
I feel bad for the real owner . Bernard is such a backstabber . I feel sorry for the son in law . It’s so sad
Your story telling is unmatched, currently my favorite channel on KZhead
Personally I would have loved if each 4 generations of the Vuittons all had an exclusive product under the brand named after them. Like a Gaston Vuitton monogram duffle bag or a Henry Vuitton HV logo on their sneaker line
Are there companies with similar branding ?
Agreed! That would look awesome!
This story shows how it's important to never give up! This channel is amazing! Keep up with the good work!
Also how important is to have a perfect name :)
yea and also how much time it actually takes to build a brand like this.. it took generations
Also Trust No One
Absolutely beautiful story I absolutely agree with you!!!!!
Never, never, ever lose the majority stake in your company when taking it public. Happened to Papa Johns also!
McDonald's, Victoria secret, even WCW and WWE (they are trying to out Vince now). Every company gets stolen when going public. It happens to them ALL. Gotta be careful
Papa john would had been bankrupt if that man still own the company.
I was just telling a man who is overcoming homelessness about this yesterday. Holding a bag by Louis Vuitton I showed him hand stitching of requisite hard working hands and never got the whole story. Thanks! I'm working on becoming a personal trainer to overcome my disability and housing insecurity. This helps.
Another inspirational story is about Gregory P. Smith. He wrote a book called "Out of the Forest". From homeless to PhD, it's an excellent book that I just couldn't put down. Good Luck to you! And remember: You become what you think about.👌
My 92 year old Mother enjoys your content . She is from the generation that believes in business and bootstrap stories. Thank you .
@@royjohnson465 A bootstrap story is a rags to riches person who pulled themselves up in life by sheer hard work , determination and character . Moved up in life by pulling up from the ground by the straps holding their boots on defying society’s gravity . Not valued as much nowadys.
nice ur mom is still alive even though shes 92
That’s messed up , he knew he had money and swooped up everything that family ever worked for generations!! Wow
This video is integral to the fashion world and how humbling things are. I work in nyc professionally and it’s so funny when folks who wear the clothing don’t even know where the clothes and luggage or baggage originate from. Thank you mr v
it's crazy how this brand rose to the absolute top.. but shaved off the founding family
Am so happy for your consistency lately. Your work is so good Keep it up, John!
In 1820s not even kings had electricity and running water. Glad that you did not say he had no mobile phones.
He's just putting the era into context for the viewer
iPhones didn’t exist in 1820? How did kids watch tik tok?
@@alexherrera84 knowing not all kings had electricity and running water puts it more into context tho, it shows they were poor but not as "poor"
@@user-it6cj9yo6w anyone that lives in a home in 2023 has a higher quality of life than most kings in 1880.
Wrong. Running water was pretty standard by then and there was plumbing. Plumbing was indeed an integral part of the redesign of Paris by Napoleon and there was water being supplied on tap. So LV was living in the backwaters as a child on the farm and they would have had either a well or been near a natural stream or spring.
The fact a 13 yo was even able to KNOW HOW to get to Paris, in 18-whatever, is also insane. Did he even have a map he cud read? Well, it's pretty cool he made in there in even 3 years! What a crazy story!
Yes, I was surprise with that too.
Travelling back then was probably a lot of " Bonjour, what direction is Paris?"
Silly comment about not having electricity growing up though,
the story was so inspiring,more like a movie,the video was on point🙌
As a young man aspiring to succeed in my entrepreneurship, I always get intensely motivated and encouraged as I watch these well concise videos. I have learned a lot from this flourishing channel and I'm trying to put into practice every lesson I learn to the best of my abilities. Thank you ❤️
Same here. It's a reminder that you don't have to start with riches. You start where you are and hope for the best. Read Think and grow rich by nipoloen hill
Motivation is one thing, just don't become a fucking Nazi boot licker like they did. The Nazis may be different and go by a different name today but they are still prevalent everywhere.
I wish you well on your entrepreneurship journey! Remember things can take time, don’t get discouraged. Stay away from “get rich quick schemes”, focusing on working towards long term wealth is way better. I’m On my entrepreneurial grind too!
Be careful not to watch too many of these it’s not the behaviour of entrepreneurs, you get addicted to the idea of doing something without actually doing it . All the best to you
same here, wish you the best in your endeavours
Your videos are so well-edited. I hope you grow more and more since you deserve it.
Even Jake Tran is threatened by this guy. If you type Magnates Media on his channel it gets deleted.
@@somerandomfella Jake Tran has gone rouge
@@FlareFrost really? They lie to us?
You are an amazing video maker! so much research must have been done to make this. Excellent video !
If it took him 3 years to reach Paris, it wasn't because of "slow travel", it was because he stopped for extended periods in places.
He was truely the least French possible. A true French man would’ve surrendered to the tough conditions after a month
Even though I'm Romanian I must have French ancestors because that's something I would do
Much respect to the last line of LV family line. With all that money, he could have easily gotten the backstabber wacked.
With this kinda quality you’re presenting here you’ll blow up so fast you won’t even imagine what kinda boulders you’ve set in this branch keep doing what you’re doing cause it’s hard to find documentations at this high level
Your videos are very impressive. Beautifully edited, engaging and narrated. Keep up the good work!
we hate bernard after knowing the story
Great video editing, production quality, and storytelling skills! I liked this a lot! Please make more. And keep up the great work! God bless you 🙏🏽
This is an incredible story! Thank you for sharing it!!!
Your edition skills are amazing!
Amazing story! Editing is just Supreme 😉
Honestly I probably won't buy any designer bags; I got too many damn pets at home. But the fact the actual Louis Vitton worked his way up the hard ladder to start the original company is inspiring, and the fact he made sure people trained 18 months till they were good enough to make a bag on their own really shows how much he valued quality over quantity. It's unfortunate the company ended up contracting with the Nazis, but we also have to consider without Nazi nuke tech, we wouldn't have microwaves or modern airplanes or x-rays or home computers. It's one of those things we have to weigh with our personal choices to use Nazi tech in our private homes and when traveling. Regardless of what LV company has become today, I think the original company and the actual LV man himself were admiral.
@B Ulrich But I need to heat up my chicken Popeye .🐔 😢
He was an admiral too? In what navy?
MINDENT A NÉMET BIRODALOMNAK ÉS IPARI TECNOLOGIÁNAK STB. KÖSZÖNHET A VILÁG ÖSSZES NAGYHATALMA. MINDENT ELLOPTAK AMI LÉTEZETT---
1:02 Kinda hard to have Electricity as a child if you are born 50 yrs before it is invented
Benjamin Franklin is credited with finding it in BUT if you look up and read about the Baghdad battery there was a pot believed to be from around 224-660 outdating Ben Franklins findings by over 1000 years. The battery used a copper tube, an electrolyte, and an iron rod which is now known to create electricity. This was repeated on mythbusters and they were able to achieve 4 volts (when putting multiple in series) of electricity when using Lemon juice as an electrolyte.
Yeah, that was silly. Probably most people didn't have running water either.
your videos are so cinematic. engaging until the end. stuck to the storyline. I have subscribed so keep it coming.
Thanks for shearing this incredible story
I'm glad to hear someone going well from being homeless earlier on in his life for sure.
I say that also wow!
The ending was a disappointment, The person who stole this company from the family does not deserve to be one of the richest men in the world. I never really understood the hype with this company, but knowing this I will never support it. The original story, and the fact it stayed so long with the original family is inspiring.
Me too it discourages me from buying a luggage bag from them. Although I already owned one from years ago . I guess that will be my Last purchase . I guess I’m off to Gucci or Chanel
@@njrom2975 like the other commenter said, if you have the money, please consider ordering a custom made bag or luggage from artisan shops in France or Italy. A much better investment than LV or Chanel (quality wise).
the content and editing of this channel is at the top!! keep it up!
The moral of this story is no matter how things seems rough amd looks like youll never make it if you believe and WORK HARD you will reach somewhere in life . give thanks to the evil stepmother she was a blessing in disgise. This story motivates me more to go on in life.
Your editor is on point 💯
Thank you for this excellent video. You have just stated why I would not ever buy something from those companies. Keep up the good work.
Is it the Nazi connections?
@@A_Ducky well, mostly because I'm on the other side of the 'market': I tend to support small businesses. In this case, I already knew that their market was the luxury top notch, but I did not know about the Nazi connections and did not know that the business was "stolen" from the family. They don't need me as a customer anyway.
Right! The business was stolen! That’s so disheartening.
The only item I own of LV is a black ‘windcheater’ jacket with the coolest fitting hood ever! The amount of comments I get about it,it’s quite amazing really,mostly because people see the little LV logo’s shimmering like raindrops. It was over 2k
🤮
you're editing is so good!!! I wanna learn that too for my own content
They’re like most businesses. They start our making a great product, then as they grow they’re either bought out, go public and/or there’s a change of upper management. they spend more on marketing and story telling/virtue signaling and less on product. At some point they move their production facility to China, while also lowering the quality of materials. they also hire a few celebrities as brand ambassadors. That buys them a few more years until one day you see them in Ross or Marshall’s.
Excited to watch this, love your videos! Keep up the great work
Early designers dealt with their struggles without complaining of hard hard work.
woah! The Editing Damn Killed It.
love these videos and how consistent you are
this editing is next level i hope to get this good im new to it all
I liked hearing about the innovation in trunks from curved top to flat. Great history lesson.
great story, but untruthful. there was already flat top wooden boxes everywhere.
Whoever edited this video I just want to shake your hand. Holy shit amazing editing.
I'm not sure on modern LVMH bag, But I'd love to have a LV bag in Louis Vuitton era. Not just bc it's where it started, but the Quality seems Very Promising & worth its price.
Just because of such a great story I see the value of the bags now!
This story is amazing I really enjoyed the rags from Riches story. Thanks for sharing it with all of us.
This is so inspirational. It shows what can be achieved by a dream and hard work. Love it!! 👏🙌👏 🌟🥰
Hi man, Amazing video. Your editing skills are crazy which really added to the story and brought it to life. Do you mind telling me what software you use and what mic as well. I'm a new starting KZhead channel trying to make it, it would help a lot
As with other brands, that "went public", it became mere overpriced status symbol, fortified by some ridiculous restrictions (one friend was once barred from buying all stuff she wanted at once, because they apparently have some limitations of how many products 1 person can buy per 1 day),, that is slowly losing utility value… Personally, I dislike brands and all the pricey stuff I have either display no branding at all (particularly if it was made on order), or it display my personal branding. Sometimes, it puts me in a complicated situation - like when I was in need of new glasses for when I forgot to order new contact lenses. All of them were fugly and the least fugly had HUGE logo of Emporio Armani splashed all over them… Disgusting…
Editing is so good 👏🏻
Thank you for the blue prints 💯
Hand made products are always worth the premium... Especially with fine quality finishes, elegance and style. ❤
Brilliant video and info. Extremely sad to know that it was taken over my someone who has no connection to LV and has got no real contribution in the creation. So sad.
Fantastic channel and so glad It popped up on my suggestions. I like your style
the editing is so good
Your content has been a huge source of inspiration for me. I appreciate your fantastic story telling abilities. Keep up the great work 👏
Please do a Gucci documentary! I just finished reading a biography about them and it’s justifiably riveting!
It just goes to show that the hardest of situations are usually your greatest lessons. The journey matters , infact it's the most exciting part! 🙏
Incredible
Luh
I ran away at 13 because of similar sadness at home. I started stripping under age and have been in this business now for 23 years. Although Louis Vuitton has always been an item most strippers aspire to own I have never wanted to until now. I’m going to value this purchase now. Thank you for this video. I feel so inspired✨
I hope life is kind to you ❤
@@Automalice It has been🙂💚
@@POLYLIVING 😘
@@Meditatedaily94 ☺️
In 1821, there was no electricity in homes nor running water, so the fact that Louie was born in a home without electricity or running water comes as no surprise.
Thank you for this awesomely edited and informative video. New Subscriber 🖤
If they want people to stop counterfeiting their products, they should start selling stuff normal people can afford. For example bags for under 200 usd, which is still expensive for lot of people but way cheaper than their other products.
Whoever edited this Video , He Has Masterd Video Editing 👑. Totally Lit Video Editing 🔥🔥🔥🔥
Unreal these celebrities goes through so much in life breaks my heart their strength I try to understand ♥️🎯
Thank you for sharing this very inspiring story.👏🏽👏🏽♥️🏆😎😎
Apparently Bernard screwed over Ye too, his son told him to trust his dad's word and forget about the paperwork so he did. Then backed out screwing Ye over hard. He talks about it in his podcast with Lex Fridman.
As always great video, I'd like to add a fact many might already know, but imo really interesting. Louis Vuitton avoids sales at all costs, so instead of offering discounts, the brand disposes of unsold pieces by burning them
Specifically burn bags in the United States owing to a ‘duty drawback’ law. Allegedly, if something is imported into the United States with duty having been paid, then subsequently destroyed, these duty payments can be reclaimed.
WOW
@@davismotomiya29 that's true for almost anything though and in many countries...
Love the brand, great quality and they keep reinventing styles that are just amazing ♥️🏆
I was never big on LV BRAND but I did buy several not long ago. This story is amazing.
My mum was friend with his goddaughter. Lovely, elegant old lady ( I was in my early teens at the time, I am now 51!). She was already very old at the time but she had a spark in her eyes and hadn’t lost her femininity nor her sense of style. I remember her showing me a hand bag he had made especially for her birthday when she was a young woman. Beautiful chocolate brown thing. The most remarkable thing is that it wasn’t covered with the LV letters. Just an elegant, non assuming and high quality hand made bag. One of a kind in that respect. Nowadays a lot of people buy them so they can be seen with a designer bag. Sad. I prefer the ‘ insolence’ of luxury that doesn’t need to announce itself.
That was cool🙏🏼 I just bought a LV bag for my girl🥰
Thanks for the discussion. Didn’t know the origin of LV. He had quits a journey. Admirable.
Great video editing
If LV produces high quality goods? Yes I will totally agree BUT we can get something with the same or even better quality of goods from another not so well known brand or from private craftsmen (e.g. Handbag). What the customers pay mainly is for the brand.
I slept in a forest during a genocide war where I almost got bombed two times by jets from 92/96, in 2015 I was homeless ever since a kid I wanted to become a car designer and open up my own car company. Hopefully one day I want to make this happen and help those out who struggle and dream but no chances to make it into reality as I was one of those kids
As a gift to myself I bought my Louis Vuitton purse. I get a lot of compliments it's so beautiful.
This was very fascinating. Good video