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Three Frenchmen among the billionaires with the most earnings in a week, according to Forbes

France

2:09 PM 05.31.2020(updated 2:14 p.m. May 31, 2020) Short url

Three Frenchmen are among the top leaders, drawn up by Forbes, who won the most money from May 21 to 28. Bernard Arnault is in the lead with an increase in wealth of more than seven billion euros, while François-Henri Pinault and Françoise Bettencourt Meyers are respectively ranked fourth and fifth.

Bernard Arnault is in first place in the ranking drawn up by Forbes of the ten businessmen around the world who won the most during the week of May 21 to 28.

The CEO of the luxury group LVMH had lost tens of billions of dollars because of the pandemic according to Bloomberg, but thus rebounded with more than eight billion dollars (7.2 billion euros) added to his fortune in one week. Currently, it has once again exceeded 100 billion dollars (more than 90 billion euros).

A rebound in the market

The week of May 21-28 was marked by announcements by the European Commission about the 750 billion euro stimulus fund to support the community’s economy, which boosted the actions of European companies .

In total, this ten billionaires, all countries combined, were able to add more than 33 billion dollars (29.7 billion euros) to their personal fortune in seven days, the magazine said.

As the shares of Inditex, parent company of Zara, jumped by almost 10%, its founder Amancio Ortega, for example, was enriched by an additional 4.9 billion dollars (4.4 billion euros) and is located second place of the biggest winners of the week.

Other French in the top

After the American investor Warren Buffett, ranked third, come François-Henri Pinault, CEO of Kering, with 3.2 billion dollars earned (almost 2.9 billion euros), and Françoise Bettencourt Meyers, director of Oréal and the richest woman on the planet. Its capital increased by three billion dollars (2.7 billion euros) in seven days for a total amount of 35.6 billion dollars (32 billion euros).

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