5 Richest families in Europe $$$

1.Bernard Arnault, Delphine Arnault, Antoine Arnault ($ 72 Billion) France, LVMH 

LVMH Moët Hennessy Louis Vuitton SE (French pronunciation: ​[moɛt hɛnɛsi lwi vɥitɔ̃]), also known as LVMH, is a French multinational luxury goods conglomerate headquartered in Paris. The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy, a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy, the cognac manufacturer. It controls around 60 subsidiaries that each manage a small number of prestigious brands. The subsidiaries are often managed independently. The oldest of the LVMH brands is wine producer Château d’Yquem, which dates its origins back to 1593.

Christian Dior SE is the main holding company of LVMH, owning 40.9% of its shares, and 59.01% of its voting rights. Bernard Arnault, majority shareholder of Dior, is Chairman and CEO of both companies. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buy out. The Dapifer reports that LVMH will gain ownership of Christian Dior haute couture, leather, both men’s and women’s ready-to-wear, and footwear lines.

Arnault’s successful integration of various famous aspirational brands into a single group has inspired other luxury companies into doing the same. Thus, the French conglomerate Kering (formerly named PPR) and the Swiss-based Richemont have also created extended portfolios of luxury brands. The company is a component of the Euro Stoxx 50 stock market index.

  1. Amancia Ortega ($70 Billion) Spain, ZARA (Retail)

Zara SA (Spanish: [ˈθaɾa]) is a Spanish fast fashion (clothing and accessories) retailer based in Arteixo (A Coruña) in Galicia. The company was founded in 1975 by Amancio Ortega and Rosalía Mera. It is the main brand of the Inditex group, the world’s largest apparel retailer. The fashion group also owns brands such as Massimo Dutti, Pull&Bear, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe. Zara as of 2017 manages up to 20 clothing collections a year.

3.Van Damme, De Spoelberch, De Mevius ($54.1 Billion) Belguim, Anheuser Bush 

Anheuser-Busch InBev SA/NV (abbreviated as AB InBev) is a multinational drink and brewing holdings company based in Leuven, Belgium. Additional main offices are located in São Paulo, New York City, London, St. Louis, Mexico City, Bremen, Johannesburg and others. The company was enlarged in October 2016 when AB InBev purchased SABMiller and concluded a merger of the two entities. It has been the world’s largest brewer even before the acquisition of SABMiller and is considered one of the largest fast-moving consumer goods (FMCG) companies in the world. The annual sales for the company in 2017 were US$56.4 billion; prior to the merger, ABInBev had realized US$45.5 billion in revenue in 2016. The company is expected to have a 28 percent market share of global volume beer sales in 2017, according to Euromonitor International. The company has recently announced a commitment to secure 100% of its purchased electricity from renewable sources by 2025.

AB InBev was formed through InBev (itself a merger between Interbrew from Belgium and AmBev from Brazil) acquiring Anheuser-Busch from the United States. In October 2015, Anheuser-Busch InBev announced a successful all-cash bid to acquire multinational competitor SABMiller for £69 billion (US $107 billion). Shareholders for both companies approved the merger on 28 September 2016. The deal closed on 10 October 2016. The new entity has approximately 500 beer brands in over 100 countries. SABMiller ceased trading on global stock markets. The company subsequently sold the former SABMiller’s interest in MillerCoors to Molson Coors, sold many of the former SABMiller’s European brands to Asahi Breweries and sold much of its Coca-Cola bottling and distribution interests to the Coca-Cola Company.

Anheuser-Busch InBev SA/NV is a publicly listed company, with its primary listing on the Euronext Brussels. It has secondary listings on Mexican Stock Exchange, Johannesburg Stock Exchange and New York Stock Exchange.

4.Ferdinand Piëch, Hans Michel Piëch, Wolfgang Porsche ($52.8 ) Austria, Volkswagon

Volkswagen Aktiengesellschaft (German: [ˈfɔlksˌvaːgn̩]), known internationally as the Volkswagen Group, is a German multinational automotive manufacturing company headquartered in Wolfsburg, Lower Saxony, Germany and indirectly majority owned by the Austrian Porsche-Piech family. It designs, manufactures and distributes passenger and commercial vehicles, motorcycles, engines, and turbomachinery and offers related services including financing, leasing and fleet management. In 2016, it was the world’s largest automaker by sales, overtaking Toyota and keeping this title in 2017, selling 10.7 million vehicles. It has maintained the largest market share in Europe for over two decades. It ranked sixth in the 2017 Fortune Global 500 list of the world’s largest companies. Volkswagen Group sells passenger cars under the Audi, Bentley, Bugatti, Lamborghini, Porsche, SEAT, Škoda and Volkswagen marques; motorcycles under the Ducati brand; and TRATON AG (commercial vehicles, trucks, and buses) under the marques MAN, Scania, and Volkswagen Commercial Vehicles. It is divided into two primary divisions, the Automotive Division and the Financial Services Division, and as of 2008 had approximately 342 subsidiary companies. Volkswagen also has two major joint-ventures in China (FAW-Volkswagen and SAIC Volkswagen). The company has operations in approximately 150 countries and operates 100 production facilities across 27 countries. Volkswagen was founded in 1937, to manufacture the car which would become known as the Beetle. The company’s production grew rapidly in the 1950s and 1960s, and in 1965 it acquired Auto Union, which subsequently produced the first post-war Audi models. Volkswagen launched a new generation of front-wheel drive vehicles in the 1970s, including the Passat, Polo and Golf; the latter became its bestseller. Volkswagen acquired a controlling stake in SEAT in 1986, making it the first non-German marque of the company, and acquired control of Škoda in 1994, of Bentley, Lamborghini and Bugatti in 1998, Scania in 2008 and of Ducati, MAN and Porsche in 2012. The company’s operations in China have grown rapidly in the past decade with the country becoming its largest market. In June 2018, Volkswagen Trucks and Buses which comprises the MAN, Scania, and RIO truck brands are renamed to TRATON AG but the marques will not change, said by Andreas Renschler.

  1. Dumas ($49.2 Billion) France, Hermes 

Hermès International S.A., or simply Hermès (French pronunciation: ​[ɛʁmɛs]; /ɛərˈmɛz/ (About this sound listen)) is a French high fashion luxury goods manufacturer established in 1837. It specializes in leather, lifestyle accessories, home furnishings, perfumery, jewellery, watches and ready-to-wear. Its logo, since the 1950s, is of a Duc carriage with horse. Nadège Vanhee-Cybulski is the current creative director.

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