LVMH Is No Longer The Richest Man In France.
L 'Or e al SA L'OREAL group successor Liliane Bettencourt
Luxury industry
All major markets have their own difficulties. The slowdown in the whole industry began in the winter in 2013. One of the consequences is that the performance of luxury brands has gone back sharply, and the share price of listed companies has fallen and the market value has dropped sharply.
The world's largest luxury group, LVMH Mo t Hennessy Louis Vuitton SE (LVMH.PA) MOET & CHANDON Hennessy LV group boss Bernard Arnault Bernard Arnott, is the reason why in the past seven years, Lian Zhuang French Business Week "France (challenge)" version of France's first rich fell to second place in 2016, the biggest achievement in the world.
Beauty products
Group L 'Or e al SA (OREP.PA) L'OREAL group's largest shareholder and successor Liliane Bettencourt Lilian Bedangourt's top.
In the past year, the share price of LVMH Mo t Hennessy Louis Vuitton SE (LVMH.PA) has fallen by 12%. At the same time, the L "Or al Al" (Mo) has recorded a slight increase, allowing Mr. Lilian Bedangourt to become the richest man in France by leading 900 million euros to become chairman of the board and chief executive officer. According to the magazine, the assets of two people are 31 billion 200 million euros and 30 billion 300 million euros respectively.
Bernard Arnott, Bernard Arnault, is not the only victim of the turmoil in the financial market. In 2016, the total assets of the 500 richest men in France were 456 billion euros less than last year's 4 billion euros, but the median assets were benefited from the increase in the wealth growth of the owners of medium-sized private enterprises.
Among the ten richest men in France, the luxury industry has taken the four place, except LVMH, Herm s International SCA (HRMS.PA).
Hermes
International CEO Axel Dumas and its (Herm s founder) family, holding Chanel Chanel Alain Wertheimer and G e rard Wertheimer brothers and Kering Kering (Group), Kai Yun group boss, fourth, sixth and seventh, each of them has 22 billion 300 million euros, 16 billion 500 million euros and 11 billion 300 million euros of net assets.
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