Wealth-X names 10 richest individuals in the European Monetary Union
Howard Lake | 12 July 2012 | News
Prospect research and wealth intelligence company Wealth-X has listed the 10 richest individuals in the European Monetary Union. The list is dominated by those whose wealth is based on luxury goods and fashion retail.
In top position is Amancio Ortega Gaona, the man behind names such as Zara. He has an estimated net worth of US$ 40.2 billion. In fourth position is 63 year old Bernard Arnault, the Chairman of Moet Hennessy Louis Vuitton.
The only women in the top 10 is L’Oreal heiress, Liliane Bettencourt.
The 10 come from just four countries: France, Germany, Italy and Spain.
The top 10 have a combined estimated wealth of more than US$ 191 billion.
Stephen Morison, Vice President of Global Research at Wealth-X, commented on the significance of family ties within the list. “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”, he said.
www.wealthx.com
About Howard Lake
Howard Lake is consultant editor of UK Fundraising. He founded the site in 1994 and successfully sold it in 2022. As director of Giving X Ltd he is exploring growing giving on a massive scale.
He is the founder of Fundraising Camp and co-founder of GoodJobs.