French Billionaires Outnumber Their Neighbours On The Top 10 List
Luxury And Fashion Retail Dominates The List
11 July 2012, London— Wealth-X, global UHNW prospecting, intelligence and wealth due diligence firm, has released its list of the top 10 richest individuals in the European Monetary Union.
Amancio Ortega Gaona, the man behind names such as Zara, tops the list with an estimated net worth of US$ 40.2 billion. He is accompanied on the list by fashion and luxury industry legends, including 63 year old Bernard Arnault, the Chairman of Moet Hennessy Louis Vuitton (LVMH) and honorary Chairman of Pinault-Printemps-Redoute (PPR), Francois Pinault. The sole female representative in the top 10 is L’Oreal heiress, Liliane Bettencourt.
Commenting on the list, Wealth-X CEO, Mr Mykolas D. Rambus said, “The dominance of luxury and fashion retail giants points to the mature nature of the economies in the Monetary Union and reflects the importance of the luxury industry to these economies.”
Mr Stephen Morison, Vice President of Global Research at Wealth-X, noted, “The strength of families in wealth creation across Europe is clear with three members of the Albrecht family claiming their places among the top 10.”
About Wealth-X
Wealth-X provides its members with qualified prospects and intelligence on ultra high net worth (UHNW) individuals, along with the privately held-companies they control. We work with 8 of the top 10 global private banks, leading educational institutions, not-for-profits and luxury brands. Our firm’s online business development solution profiles individuals who represent US $10.7 trillion of the world’s net wealth. The Wealth-X database additionally offers exclusive details on ultra wealthy individuals, including their wealth, income, passions, philanthropic interests, affiliations, politics, advisors, families and biographies. Wealth-X is the global leader on UHNW individuals and the worldwide standard for professionals working with the ultra affluent. Headquartered in Singapore, the company has offices in Beirut, Budapest, Guangzhou, Hong Kong, Kuala Lumpur, London, Lugano, Madrid, Mumbai, New York, Sydney.
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