Following the ceremony, incoming President Macron accompanied outgoing President Hollande as he walked to his car in the palace frontcourt and drove away as the new president waved him off.
A source has confirmed that his prime minister will be appointed on Monday and the remainder of Macron’s government will be announced on Tuesday.
Speaking after the ceremony, Mr Macron said France had chosen “hope” and vowed to give French people their confidence back” He went on to promise that the beleaguered European Union would be “reformed and relaunched” during his time in office.
President Macron won the second round of voting last Sunday, gaining 66% of the vote and beating far-right candidate Marine Le Pen.
Earlier, Mr Macron was handed France’s nuclear codes, putting him in charge of what will be the EU’s only arsenal of atomic weapons once Brexit is complete.
Macron’s 64-year-old wife and former school teacher Brigitte arrived separately and walked up the red carpet into the Elysee Palace.
Among those who attended were his stepdaughter, Tiphaine Auziere and her husband, stepson, Sebastien Auziere and his wife Christelle and their children.
He has already appointed Alexis Kohler, who was his chief of staff when he was economy minister, as his secretary general, who will also act has his chief administrator.
Philippe Etienne, a former ambassador to Berlin, will act as his diplomatic adviser.