The collective wealth of the 500 richest French people – some 330 billion euros – grew by 25% over the past year and is four times larger than it was 10 years ago, a French magazine has revealed.
In its annual roundup of France’s wealthiest, released on Thursday, the French business weeklyChallenges said the country’s top earners were getting even richer, easily outpacing the country’s own economic growth.
While the wealth of the top 500 has grown four-fold during the past decade, France’s GDP has only doubled in the same time period.
Furthermore, 10% of France’s collective wealth is held by around 650 individuals, according to the magazine.
The head of the LVMH luxury good conglomerate, Bernard Arnault (pictured, main) held France’s biggest fortune, estimated at 24.3 billion euros.
Liliane Bettencourt, the embattled heiress to the L’Oreal cosmetics empire, was a close second with 23.2 billion euros.
Gerard Mulliez, of the Auchan Group, which includes supermarkets and sporting goods stores, was the third biggest with 19 billion euros.
Taken from News 24
Val says Then they should just pay their tax with out all the fuss.
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