The wealth of the five hundred largest French fortunes has jumped 17% in one year

This is exceptional. The accrued professional belongings of the five hundred biggest fortunes in France reached a report estimate of one,one hundred seventy billion euros this 12 months, or 45% of GDP. An growth of just about 17% in one year, in keeping with the ranking of the economic magazine Challenges posted on Wednesday.

Their ordinary fortune is mountain climbing to unparalleled heights, at 1,a hundred and seventy billion euros, “relegating a ways behind remaining 12 months’s report of one,002 billion”, notes Challenges. “In 2009, this quantity changed into handiest 194 billion, representing 10% of the then GDP; nowadays it's far 45% “of the manufacturing of annual wealth on French soil, also writes the magazine.

Almost all of this growth is because of the increase of just about 150 billion euros inside the wealth of the pillars of French luxurious, at the top of the list.

Bernard Arnault at the top of the rating

With a fortune that has elevated via greater than 50 billion, Bernard Arnault, boss of the world number one in luxury LVMH (proprietor of the Les Echos-Le Parisien institution) remains the richest in France. For the first time, it exceeds two hundred billion. He has ruled the ranking for the reason that 2017, with a family fortune predicted at 203 billion euros this year, in opposition to 149 billion in 2022, estimates Challenges.

 

He who's also the richest guy within the global, in line with Forbes mag, is accompanied by way of the families Hermès (138 billion euros), Wertheimer (Chanel, a hundred billion) and that of Françoise Bettencourt Meyers (L’Oréal, seventy seven billion), the handiest woman appearing within the Top 10. In addition to the luxurious region, increase is driven via acquisitions in the French vineyards, in particular those of the Pinault family (Kering, 31 billion euros) which has invested in the Champagne.

 

141 billionaires at the moment are listed, compared to fifty five in 2013. Over the equal duration, the threshold to go into this membership of 500 rose from 65 to 235 million euros.