List of French billionaires by net worth
Challenges Les 500 Fortunes of 2016
Table:
#

Name

Net worth

Sources of wealth

1
Bernard Arnault & family
€34.66 billion
LVMH

2
Liliane Bettencourt & family
€30.90 billion
L'Oréal

3
Axel Dumas & Hermes family
€24.10 billion
Hermès

4
Gérard Mulliez & family
€23.00 billion
Auchan

5
Serge Dassault & family
€17.50 billion
Dassault

6
Patrick Drahi
€16.70 billion
Altice

7
Alain & Gérard Wertheimer & family
€16.50 billion
Chanel

8
François Pinault & family
€12.70 billion
Kering

9
Vincent Bolloré
€11.14 billion
Bolloré

10
Xavier Niel
€7.83 billion
Iliad

Drawing on the tabular data together with the context snippets below.

Solve the question: Other than Kering , what company did the 8th richest billionaire in France found ? Return your answer as JSON: {"answer": "YOUR ANSWER"}. Avoid adding external knowledge.

Net worth is the value of all the non-financial and financial assets owned by an institutional unit or sector minus the value of all its outstanding liabilities . Since financial assets minus outstanding liabilities equal net financial assets , net worth can also be conveniently expressed as non-financial assets plus net financial assets . Net worth can apply to companies , individuals , governments or economic sectors such as the sector of financial corporations or to entire countries .
Bernard Jean Étienne Arnault ( French : [ bɛʁnaʁ ʒɑ̃ etjɛn aʁno ] ; born 5 March 1949 ) is a French billionaire business magnate , and art collector . Arnault is the chairman and chief executive of LVMH Moët Hennessy - Louis Vuitton SE , LVMH , the world 's largest luxury-goods company . In April 2018 , he became the richest person in fashion , topping Zara 's Amancio Ortega .
LVMH Moët Hennessy - Louis Vuitton SE ( French pronunciation : ​ [ moɛt‿ɛnɛsi lwi vɥitɔ̃ ] ) , also known as LVMH , is a French multinational luxury goods conglomerate headquartered in Paris ( France ) . The company was formed in 1987 under the merger of fashion house Louis Vuitton with Moët Hennessy , a company formed after the 1971 merger between the champagne producer Moët & Chandon and Hennessy , the cognac manufacturer . It controls around 60 subsidiaries that each manage a small number of prestigious brands . The subsidiaries are often managed independently . The oldest of the LVMH brands is wine producer Château d'Yquem , which dates its origins back to 1593 . In November 2019 , LVMH acquired Tiffany & Co. for approximately US $ 16.2 billion . The deal was expected to close by June 2020 . As of 2018 , Tiffany operated 321 stores worldwide , with net sales of US $ 4.44 billion . Tiffany regions include the Americas , Asia-Pacific , Japan , Europe and the United Arab Emirates . Christian Dior SE is the main holding company of LVMH , owning 40.9% of its shares , and 59.01% of its voting rights . Bernard Arnault , majority shareholder of Dior , is Chairman and CEO of both companies . In 2017 , Arnault purchased all the remaining Christian Dior shares in a reported $ 13.1 billion buy out .
Liliane Henriette Charlotte Bettencourt ( French pronunciation : ​ [ lil.jan be.tɑ̃.kuːʁ ] ; née Schueller ; 21 October 1922 - 21 September 2017 ) was a French heiress , socialite and businesswoman . She was one of the principal shareholders of L'Oréal . At the time of her death , she was the richest woman , and the 14th richest person in the world , with a net worth of US $ 44.3 billion .
L'Oréal S.A. is a French personal care company headquartered in Clichy , Hauts-de-Seine with a registered office in Paris . It is the world 's largest cosmetics company and has developed activities in the field concentrating on hair colour , skin care , sun protection , make-up , perfume , and hair care . Upon the death of her mother in September 2017 , Liliane Bettencourt , who was principal shareholder , as of [ update ] 2020 Françoise Bettencourt Meyers is the majority owner of the company , with a 33.14% stake .
Axel Dumas ( born 3 July 1970 ) is a French billionaire heir and business executive . He is the chief executive officer of Hermès .
Hermès International S.A. , or simply Hermès ( /ɛərˈmɛz/ ( listen ) air-MEZ , French : [ ɛʁmɛs ] ( listen ) ) , is a French high fashion luxury goods manufacturer established in 1837 . It specializes in leather , lifestyle accessories , home furnishings , perfumery , jewellery , watches and ready-to-wear . Its logo , since the 1950s , is of a Duc carriage with horse . Nadège Vanhee-Cybulski is the current creative director .
Gérard Paul Louis Marie-Joseph Mulliez ( born 13 May 1931 ) is a French businessman . He is the founder of the Auchan chain of department stores .
Auchan ( French pronunciation : ​ [ oʃɑ̃ ] ) is a French multinational retail group headquartered in Croix , France . It was founded in 1961 by Gérard Mulliez and is owned by Mulliez Family , which has 95% stake in the company . With 354,851 employees , of which 261,000 have 5% stake in the company , is the 35th largest employer in the world . The name comes from the first Auchan shop in Roubaix in the district of Hauts-Champs , the pronunciation of which is identical to that of Auchan . The holding company , Auchan Holding , includes Auchan Retail International , Ceetrus , which operates shopping centers and Oney , which offers financial services . It operates as Alcampo in Spain ( al campo is the literal Spanish translation of the French au champ ) , Auchan in Portugal , Aшан in Russia and Ukraine , and through a joint-venture as RT-Mart in China ( Auchan brand is also used ) and Taiwan . As of 2019 , Auchan is one of the world 's largest retailers with a direct presence in France , Spain , Portugal , Luxembourg , Poland , Romania , Hungary , China and Taiwan .
Serge Dassault ( French : [ sɛʁʒ daso ] ; 4 April 1925 - 28 May 2018 ) was a French billionaire heir , businessman and politician . He was the chairman and chief executive officer of Dassault Group , and a conservative politician . According to Forbes , Dassault 's net worth was estimated in 2016 at US $ 15 billion .
Dassault Group ( French pronunciation : ​ [ daˈso ] ; GIMD , Groupe Dassault , or the Groupe Industriel Marcel Dassault S.A. ) is a France-based group of companies established in 1929 with the creation of Dassault Aviation by Marcel Dassault , and led by son Serge Dassault with cofounder of Dassault Systèmes Charles Edelstenne , and currently Dassault Aviation Chairman and CEO is Éric Trappier .
Patrick Drahi ( Arabic : باتريك دراحي ; Hebrew : פטריק דרהי ; born 1963 ) is a French-Israeli businessman with French , Portuguese , and Israeli citizenship , living in Switzerland since 1999 . He is the founder and controlling shareholder of the Netherlands-based telecom group Altice listed on the Euronext Amsterdam stock exchange .
Altice Europe N.V. ( commonly known as Altice ) is a French Netherlands-based multinational telecoms and mass media company , founded and headed by the French-Israeli billionaire Patrick Drahi , and the second largest telecoms company in France , behind Orange . It has a market capitalization of €13.7 billion ( US $ 15.15 billion ) , as of December 2017 and a market cap of less than €6 billion as of June 29 , 2019 tracking an 80% decline for the stock since Drahi financed the deal with debt . As of 2016 , the company has over 50 million internet , TV , and phone customers in Western Europe , Israel , and the Caribbean . Altice formerly owned a subsidiary in the USA until that company , while retaining the Altice name , was spun off via an IPO in June 2019 , making the former USA division independent from the rest of Altice .
Alain Wertheimer ( born September 28 , 1948 ) is a French businessman who , with his brother Gérard , own the controlling interest in the House of Chanel and also have an investment in Bell & Ross .
Gérard Paul Philippe Wertheimer ( born April 17 , 1951 ) is a French businessman based in Geneva who owns and controls the House of Chanel perfume company in partnership with his brother , Alain .
Chanel S.A. ( /ʃəˈnɛl/ , French pronunciation : [ ʃanɛl ] ) is a French privately held company owned by Alain Wertheimer and Gérard Wertheimer , grandsons of Pierre Wertheimer , who was an early business partner of the couturière Coco Chanel . Chanel is a luxury company that focuses on high fashion and ready-made clothes , luxury products , and accessories . In her youth , Gabrielle Chanel gained the nickname Coco from her time as a chanteuse . As a fashion designer , Coco Chanel catered to women 's taste for elegance in dress , with blouses and suits , trousers and dresses , and jewellery ( gemstone and bijouterie ) of simple design , that replaced the opulent , over-designed , and constrictive clothes and accessories of 19th-century fashion . The Chanel product brands have been personified by male and female fashion models , idols and actresses , including Inès de La Fressange , Catherine Deneuve , Carole Bouquet , Vanessa Paradis , Nicole Kidman , Jackie Kennedy , Anna Mouglalis , Audrey Tautou , Keira Knightley , Kristen Stewart , Pharrell Williams , Cara Delevingne , Jennie Kim , and Marilyn Monroe . Chanel is well-known for the perfume No . 5 de Chanel and Chanel Suit . Chanel 's use of jersey fabric produced garments that were comfortable and affordable . Chanel revolutionized fashion - high fashion ( haute couture ) and everyday fashion ( prêt-à-porter ) - by replacing structured-silhouettes , based upon the corset and the bodice , with garments that were functional and at the same time flattering to the woman 's figure . In the 1920s , the simple-line designs of Chanel couture made popular the flat-chested fashions that were the opposite of the hourglass-figure achieved by the fashions of the late 19th century - the Belle Époque of France ( ca . 1890-1914 ) , and the British Edwardian era ( ca . 1901-1919 ) .
François Pinault ( born 21 August 1936 ) is a French billionaire businessman , founder of the luxury group Kering and the investment company Artémis . Pinault started his business in the timber industry in the early 1960s . Taken public in 1988 , the company invested in specialized retail business and changed its name to PPR . By the end of 1999 , PPR shifted towards luxury and fashion . In 2003 , he passed on the management of his companies to his elder son François-Henri to follow his passion for contemporary art . Pinault is one of the world 's leading contemporary art collectors .
Kering S.A. ( French : [ kɛːʁiŋ ] ) is a French international luxury group based in Paris , France , and specialized in luxury goods . The luxury brands owned by the group include Gucci , Yves Saint Laurent , Balenciaga , Alexander McQueen , Bottega Veneta , Boucheron , Brioni and Pomellato . The company was founded in 1963 by François Pinault . It was quoted on Euronext Paris in 1988 and has been a constituent of the CAC 40 index since 1995 . François-Henri Pinault is Chairman and CEO of the group since 2005 .
Vincent Bolloré ( born 1 April 1952 ) is a French billionaire businessman . He is the chairman and CEO of the investment group Bolloré .
Bolloré is a French transportation company headquartered in Puteaux , on the western outskirts of Paris , France . The company , a paper - energy - plantations - logistics conglomerate , employs 28,000 people around the world . In 2004 , the group ranked amongst the top 200 European companies . Whilst the company is listed on the Euronext exchange in Paris , the Bolloré family retains majority control of the company through a complex and indirect holding structure . The company is led by Vincent Bolloré .
Xavier Niel ( born 25 August 1967 ) is a French billionaire businessman , active in the telecommunications and technology industry and best known as founder and majority shareholder of the French Internet service provider and Mobile operator Iliad trading under the Free brand ( France 's second-largest ISP , and third mobile operator ) . He is also co-owner of the newspaper Le Monde , and co-owner of the rights of the song My Way and owner of Monaco Telecom . He is deputy chairman and chief strategy officer for Iliad . As of April 2018 , his net worth is estimated at US $ 6.1 billion .
Iliad S.A. is a French provider of telecommunication services . It is based in Paris and its operations comprise fixed and mobile telephony services , prepaid phone cards and internet access providing and hosting services . The company was founded by Xavier Niel in 1990 .