Tuesday, March 29, 2011

To Russia With Money: The Old World Finds New Wealth

Billionaire Spotlight: Europe

"To be a billionaire in Europe, it helps to own a mine in Russia or the runway in Paris. Another tip: have a big footprint in Asia's thriving consumer markets. Europe's richest person for the second year in a row is LVMH's Bernard Arnault, whose luxury brands are flying off the shelves in Shanghai and Ho Chi Minh City; his fortune is up $24.5 billion in two years. France's Reinold Geiger debuts after listing his cosmetics firm, L'Occitane, which gets half its sales from Asia, on the Hong Kong Stock Exchange. Italian Diego Della Valle's Tod's opened its first single brand store in Shanghai last year. The soaring demand for these goods helped boost the total wealth of Europe's now 300 billionaires by 29% to a record of $1.3 trillion, the equivalent of Spain's GDP. The European Union, in comparison, expanded at a meager 1.8% last year."

By The Numbers
Total Net Worth: 1.3 Trillion
Dollar Change from 2010: 296 Billion
Percentage Change From 2010: 29
Average Net Worth: 4.3 Billion
Average Age: 59
Newcomers: 50
Returnees: 15
Dropouts: 9
Women: 24

Countries With The Most Billionaires
Russia: 101
Germany: 52
United Kingdom: 32
Spain: 15
France: 14
Italy: 14
Sweden: 9
Switzerland: 8
Ukraine: 8
Netherlands: 6

The Richest Top 10 of Europe

Bernard Arnault
Worth: $41 Billion
Source: LVMH
City: Paris

Amancio Ortega
Worth: $31 Billion
Source: Zara
City: La Coruna

Karl Albrecht
Worth: $25.5 Billion
Source: Aldi
City: Mulheim An Der Ruhr

Stefan Persson
Worth: $24.5 Billion
Source: H&M
City: Stockholm

Vladimir Lisin
Worth: $24 Billion
Source: Steel
City: Moscow

Liliane Bettencourt
Worth: $23.5 Billion
Source: L'Oreal
City: Paris

Alexei Mordashov
Worth: $18.5 Billion
Source: Steel
City: Moscow

Michele Ferrero
Worth: $18 Billion
Source: Chocolates
City: Monte Carlo

Mikhail Prokhorov
Worth: $18 Billion
Source: Investments
City: Moscow

Vladimir Potanin
Worth: $17.8 Billion
Source: Metals
City: Moscow

Youngest Billionaire of Europe: Albert von Thurn und Taxis, 27, worth $2 Billion, German Prince



  1. I wonder if the youngest billionare mentioned here had wealth passed down to him (thats usually how it works) the most interesting stories are the ones where people started with nothing.

  2. This was very interesting!! I can only hope I'm swimming in $2 Billion by the time I'm 27.... haha yeah not counting on it. : )

    Thanks for stopping by my site!!

  3. Nice list! It's really interesting looking at their dollars :) I think I'll move to Russia too if I have that lots of money :)