Wednesday, July 6, 2016

Large fortunes: Liliane Bettencourt dethroned Bernard Arnault – Le Figaro

According to the latest ranking of the 500 largest fortunes in France established by the magazine Challenges , the CEO of LVMH gives first place to the heiress of the empire The Oréal.

this is one of the surprises of the 21th edition of the ranking of the 500 largest French professional fortunes Challenges, which will be published this Thursday: Liliane Bettencourt, heiress of the cosmetics giant, L’Oreal, is now the richest woman in France. With a wealth estimated at 31.2 billion euros, it dethroned Bernard Arnault, CEO of LVMH luxury group. After holding the top spot since 2009, it comes down to the second, with a fortune estimated at 30.3 billion euros. On the third step, and Gérard Mulliez family, owners of Auchan, defend, with 26 billion euros. Bourse mainly explains the changes in the standings. LVMH shares has indeed lost 12% in one year, while the title L’Oréal progressed rather

Another notable fact:. Fifty new fortunes are entering the rankings. With a ticket to 100 million euros, seven times in 20 years, according to Challenges . Between “small” and “large fortunes” fortunes “medium” have grown, also note the authors of this list. “Unlike large fortunes who have suffered with the Exchange, unlisted medium-sized fortunes, less facing the international economy, have benefited from a French economy increasingly favorable,” explains Eric Tréguier journalist challenges .

The 500 wealthiest French of France weigh, between them, 456 billion euros, or $ 4 billion less than in the previous edition. A slight decline due, again, to an extremely agitated stock market year. Patrick Drahi, CEO of Altice (9th, 7.5 billion euros) saw his fortune melt 56%. Vincent Bolloré, (10th, 7.3 billion euros) boss Bolloré, saw his losing a quarter of its value.

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