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Two Italians are among Europe's ten richest people, but France has even more. PDF Print E-mail
Aug 03, 2012 at 05:51 PM

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Europe's richest person, Ortega Gaona
According to a survey carried out by Wealth-X for the U.S. TV station, CNBC, the ten richest people in Europe are headed by a Spaniard, Amancio Ortega Gaona, whose $40 billion company, Inditex, controls, among other things, the Zara chain of department stores. But despite the problems troubling the Italian economy, it still can boast a fair number of business genius'.

Michele Ferrero, head of the confectionary company that produces both the gold foil-wrapped Ferrero Rocher chocolates and Nutella (which is to Italy as peanut butter is to our own country) is number five on the list with a company worth $16.4 billion. Leonardo Del Vecchio, the founder and owner of the eye-glass company, Luxottica, figures seventh on the same list with a personal estate of $13.6 billion.

France's four Rockefellers are Liliane Bettencourt (L'Oreal et al) with $23.8 billion who is in third place, Bernard Arnault, ($23.7 billion), in fourth place and whose holdings include Louis Vuitton e Moët & Chandon, Givenchy, Dior, Fendi, Tag Heuer, and Donna Karan. In sixth place is Francois Pinault ($14,2 billion) the head of PPR which contols, among others, Gucci, Yves Saint Laurent, Balenciaga, Bottega Veneta , Alexander McQueen, Artemis wines, the Christie's auction house and Palazzo Grassi, the prestigious Venice museum. Serge Dassault ($11.5 billion) of the aviation group of the same name is number eight.

The list also includes three Germans. Karl Hans Albrecht, number two, who is a co-owner of the Aldi supermarket chain that is present in 17 European countries, and his two nephews , Berthold e Theo Albrecht, who are ninth and tenth on the list, each being worth each worth something like just over $11 billion.


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