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August 28 2014

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1 posts tagged "Liliane Betancourt"

Bernard Arnault, Miuccia Prada, and More Are Among Europe’s Richest

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Miuccia PradaIt pays to work in fashion. London’s Sunday Times released its annual Rich List this weekend, and nearly one-third of the top 25 richest people in Europe work in the fashion, beauty, or luxury goods industries. Even if you don’t recognize the name of the number one richest man, you’ve likely shopped at one of his stores—Amancio Ortega, the Spanish founder and owner of Zara’s parent company, Inditex, is worth a staggering $64.74 billion. Also included among Europe’s top earners is Bernard Arnault, CEO of LVMH, whose net worth is $32.29 billion. Beauty professionals are included in the mix as well: Liliane Bettencourt, one of the principal shareholders in L’Oréal, is valued at $32.12 billion. And unsurprisingly, the world’s most storied fashion brands are raking in billions: Bertrand Puech, whose family founded Hermès back in 1837, is worth about $24.89 billion, and Alain and Gerard Wertheimer, two brothers with a controlling stake in Chanel, are worth $18.83 billion. Rounding out the top 25 list is Miuccia Prada and her husband, Patrizio Bertelli, who are worth a combined $17.32 billion.

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