in 2019 credit suisse did a study on wealth and found out that the french are more wealthy than
americans and germans let's talk about how the other half lives and see what it's like to be
a billionaire in france as of april 2021 europe's billionaires are one trillion dollars richer than
they were a year ago that's pretty incredible one billionaire that has really benefited is lvmh ceo
bernard arnold if you're not familiar with lvmh the full name is lvmh moet hennessy louis vuitton
yep louis vuitton at the time of producing this video his net worth is at an incredible 195
billion dollars he's trailing behind amazon ceo jeff bezos and he's quickly catching up
watch out jeff much of bernard's wealth comes from his 97.5 stake in christian dior bernard
lives in a 21 000 square foot 17th century mansion in paris france the price of that
mansion is relatively unknown but given how much space there is it's expensive he also has a 30
million dollar mansion in beverly hills he also owns two additional chateaus in various parts
of france as well as a third mansion bernard owns an island in the bahamas that's worth 35
million dollars and owns over 35 wineries around the world finally he has a massive art collection
from notable painters like pablo picasso and andy warhol bernard also pledged to donate 226
million dollars to rebuilding notre dame after its devastating fire our next billionaire is one
powerhouse of a woman who is making her own path and wealth francoise of bettencourt myers is the
granddaughter of founder l'oreal eugene schuller she is also the richest woman in the world after
her mother passed away but the relationship wasn't very positive francoise tried to have her mother
lillian bettencourt declared mentally unfit to manage the family's 19 billion fortune but
the mother-daughter duo reconciled just in time francoise and her family own about 33 of l'oreal
stock and she has served on the company's board since 1997. even though she was born into massive
wealth francoise prefers playing piano and riding over fancy parties she definitely doesn't fit your
conventional billionaire she's focusing on her author career she also pledged 226 million dollars
to repair notre dame so what is francois spending her money on well she seems to be taking advantage
of what she's inherited from her mother like a mansion in one of the most expensive neighborhoods
in paris but other than that she's not indulgent in the glamorous lifestyle she grew up in
so we can safely say that this billionaire is living a cozy and practical life and not spending
money on fancy exotic cars but time will tell our next billionaire is definitely a self-made man
in 1963 francois pinault started a wood and building materials company called caring
then in 1999 he switched caring's business to luxury goods after he bought a controlling stake
in gucci group he ran into much success francois and his family also owned christie's which is a
major auction house and he owns the investment company artemis at the time of making this video
he has a net worth of 50.1 billion dollars francois is definitely spending his wealth on
art he owns a 3 000 piece art collection that's worth over a billion dollars it includes works
by pablo picasso piet mondrian and jeff coons francois is going to open his own museum called
the pinult collection which is set to open in an 18th century building in paris by the way his son
is married to sama hayek francois donated 109 million dollars to rebuilding notre dame we're
noticing a trend of french billionaires spending their money on art and restoring historic sites
in 2011 francois paid 32 million dollars for a 19th century mansion in the chelsea neighborhood
in london he also owns the wine estate chateau la tour we have a double feature for our next
set of billionaires brothers alum and gerard wertheimer own the french luxury brand chanel
their grandfather pierre wartimer founded the company with gabrielle chanel better known as
coco chanel gerard oversees the watch division and he actually lives in switzerland given that the
swiss know how to make watches this makes sense he's also been found hanging out in new york city
the brothers are each worth about 33.1 billion dollars at the time this video was produced elon
seems to spend most of his money on houses he has homes in saraton france and saint-etienne la de la
france as well as washington connecticut of all places it's also rumored that he owns a really
grand apartment on fifth avenue the brothers own wine valleys both in france and napa valley
as well as breed race horses they can be found most often at chateau canaan with their families
and they even renovated a historic house with six bedrooms on the property the french know how
to cook and they have inspired countless dishes that we consume worldwide in france you can find
some of the most famous and fanciest restaurants around not only is the dining sophisticated but
it's also luxurious the french company michelin guide has set the standards for fine dining with
their michelin star rating in paris billionaires have endless choices in michelin star restaurants
le prix catalan is one of the most expensive with plates ranging around 286 dollars per person the
restaurant has three michelin stars and is quite the hot affair elaine ducasso plaza athene is an
even more expensive restaurant with plates ranging around 400 per person but for billionaires this is
chump change paris is the capital of fashion so it should be no surprise that the shopping
is top notch french billionaires have a choice with the massive amount of shopping districts
the most famous choice for luxury brands is the avenue de champs-elysees this 1.2 mile stretch is
the ultimate destination for retail therapy louis vuitton hugo boss and guerlain are just a few of
the luxury labels on the street rusan honore is home to some of the most upmarket retail regions
in europe there billionaires can shop for armani prada and tom ford it's also a place of history
where coco chanel once lived then there's avenue montagna which was once known as a place to mourn
loved ones but today the only people that are mourning are those who drained their bank accounts
from shopping this street is only for the serious spenders with boutiques for louis vuitton givenchy
armani dolce gabbana and gucci just to name a few the original home of christian dior is a
five-story structure that overlooks the area from enjoying historic sites driving exotic
cars to dining in the finest restaurants in the world french billionaires have a lot of choice
like some rich french person can live right next to the eiffel tower in a mansion for 280 million
dollars not only is it next to the french landmark but it also sits along the sun river imagine
having the eiffel tower as your backyard that's just an example of what it's like to be wealthy
in france since france is accessible to multiple countries in europe travel is a breeze for the
wealthy they can hop on a private jet get a car or even hop on a train and be in a new country in a
matter of hours not to mention france has so many options for getaways and excursions of course we
can't forget the wine many french billionaires own wineries and other companies to help grow
their wealth and ever since france decided to get rid of the wealth tax the rich are only going to
get richer when you're a billionaire in this country it's easy to show off your wealth and
not have to worry about breaking your bank account the rich kids in france more than likely come from
old money their families are deep into culture and history since it's the very fabric of their being
these kids are well educated while being spoiled with designer clothes exotic handbags and some
of the finest champagne they'll ever taste but they are also being primed for taking over the
family business these kids are being educated in the finest schools with some even being sent
to boarding schools since many of them live in paris the fashion capital of the world their
regular shopping trips include lots of photos and high heels while browsing designer brands but we
have to wonder how many of these rich kids will go the path of francoise bettencourt meyers and
forge their own path we aren't even thinking about the rich kids that don't have instagram
accounts and are probably hanging out in their mansions and sweatpants either way the future
generation of france's wealthy population will be interesting to watch if you were a billionaire in
france what would you spend your euros on don't be shy tell me all about it in the comments well
that's all for now my friends stay tuned for more great videos from the richest a la prochaine
you