France’s 500 largest fortunes pass the 1000-billion-euro mark

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Challenges magazine revealed yesterday, Wednesday July 6th, that the total wealth of the 500 largest French fortunes has passed the symbolic milestone of 1,000 billion euros in 2022.

 

If the complete ranking of these 500 French billionaires and multimillionaires will be published today, Challenges has nevertheless made several revelations concerning the top of the Top 500. Indeed, the cumulated professional assets of these French entrepreneurs have increased by 5% in one year to reach the sum of 1000 billion euros.

 

Big names behind French luxury houses dominate the ranking

 

At the head of this ranking since 2017, we find the boss of the world leader in luxury goods, LVMH, namely Bernard Arnault. Second richest man in the world behind Elon Musk (according to Forbes), his fortune is estimated at 149 billion euros in 2022.

 

Note that this sum is down by 8 billion euros compared to 2021, when it was estimated at 157 billion euros. The latter has also seen its shares fall by 12% over the past year on the Paris stock exchange, which could partly explain this drop.

 

Further down the ranking, the family of Alain and Gérard Wertheimer, heirs to Chanel, appears. Their fortune is estimated at 80 billion euros. As for the Hermès family – also in the ranking – it follows closely with a fortune in 2022 of 78.7 billion euros.

 

If each personality of this ranking has a minimum fortune of 200 million euros, Challenges revealed to AFP that the first ten weigh “half of the total” of 1000 billion euros. Finally, 40 new French fortunes have entered the ranking in 2022.

 

Read also > THE CEO OF LVMH IS ACCLAIMED BY ITS SHAREHOLDERS

 

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Challenges magazine revealed yesterday, Wednesday July 6th, that the total wealth of the 500 largest French fortunes has passed the symbolic milestone of 1,000 billion euros in 2022.

 

If the complete ranking of these 500 French billionaires and multimillionaires will be published today, Challenges has nevertheless made several revelations concerning the top of the Top 500. Indeed, the cumulated professional assets of these French entrepreneurs have increased by 5% in one year to reach the sum of 1000 billion euros.

 

Big names behind French luxury houses dominate the ranking

 

At the head of this ranking since 2017, we find the boss of the world leader in luxury goods, LVMH, namely Bernard Arnault. Second richest man in the world behind Elon Musk (according to Forbes), his fortune is estimated at 149 billion euros in 2022.

 

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Challenges magazine revealed yesterday, Wednesday July 6th, that the total wealth of the 500 largest French fortunes has passed the symbolic milestone of 1,000 billion euros in 2022.

 

If the complete ranking of these 500 French billionaires and multimillionaires will be published today, Challenges has nevertheless made several revelations concerning the top of the Top 500. Indeed, the cumulated professional assets of these French entrepreneurs have increased by 5% in one year to reach the sum of 1000 billion euros.

 

Big names behind French luxury houses dominate the ranking

 

At the head of this ranking since 2017, we find the boss of the world leader in luxury goods, LVMH, namely Bernard Arnault. Second richest man in the world behind Elon Musk (according to Forbes), his fortune is estimated at 149 billion euros in 2022.

 

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The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

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