Luxury shopping is breaking previous records as French luxury companies reach all-time high stock prices.
The owners of brands such as Hermes and Dior have seen their wealth jump $93B in 2023.
- L'Oreal
heir Francoise Bettencourt Meyers, the wealthiest woman on the planet,
has seen her net worth rise to $93.3B. The figure is nearly $22B more
than she had in early 2023.
- The makeup and skincare company,
founded by her grandfather, saw its shares reach an all-time high price
after posting strong earnings.
- LVMH CEO
Bernard Arnault, who controls brands such as Christian Dior, Tiffany
& Co., and Moet & Chandon Champagne, has become the world's
richest person this year.
- His wealth rose to $210.7B in 2023, thanks to strong consumer demand and earning returns.
- The family behind Hermes International, also French, has seen its net worth rise by more than $60B and is now worth $157B.
