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Who is the richest person in Europe?

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September 27, 2010 4:30PM

Top 3 Richest People In Europe

No.1 Bernard Arnault

$27.5 billion

Luxury goods, France.

No 1 Richest European as shares of his luxury goods outfit

LVMH-maker of Louis Vuitton, Moet & Chandon-surge 57%. LVMH is

developing upscale Shanghai commercial property.

No.2 Amancio Ortega

$25 billion

Fashion retail, Spain.

Head of fashion firm Inditex, which operates under several brand

names including Zara, Massimo Dutti and Stradivarius, has 4,500

stores in 73 countries including new spots in Mexico and Syria. Set

up joint venture with Tata Group subsidiary to enter India in

2010.

No.3 Karl Albrecht

$23.5 billion

Supermarkets, Germany.

Owns discount supermarket giant Aldi Sud, one of Germany's (and

Europe's) dominant grocers. Has 1,000 stores in U.S. across 29

states. Estimated sales: $37 billion. Plans to open New York City

store this year. With younger brother, Theo, transformed mother's

corner grocery store into Aldi after World War II. Brothers split

ownership in 1961; Karl took the stores in southern Germany, plus

the rights to the brand in the U.K., Australia and the U.S. Theo

got northern Germany and the rest of Europe.


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