European citizens are among the richest individuals in the World as they occupy a higher position in Forbes List of richest men. This is because the continent is full of individuals that are making huge impacts in the sectors that drive the World’s economy today. But who are the top 10 richest men in Europe according to Forbes List 2020? Here they are;
Top 10 Richest Men In Europe And Their Net Worth 2020
1. Bernard Arnault – Net Worth: $76 Billion
With over 70 billion Dollars, Bernard Arnault is the richest man in Europe. Given birth to on the 5th of March, 1949, He is a well-known businessman and art collector. He is also the chairman and the Chief Executive officer of the World’s largest luxury-goods company known as Louis Vuitton SE (LVMH) Moet Hennessy. Before now, in 2018, he was awarded the richest individual in the fashion industry making Amancio Ortega occupies the second spot.
2. Amancio Ortega – Net Worth: $67 Billion
Given birth to on the 28th of March, 1936, Amancio Ortega is a well recognized Spanish Billionaire and businessman. He is also the founder and former chairman of a fashion company known as Inditex Fashion Group. The company is well known for its sustainable chain of Zara Clothing and numerous accessories shops. Currently, he is the sixth richest man in the World and this has earned him numerous fames in the continent. He was once the richest man in 2015 when he surpassed Bill Gates. In addition, he is the second richest retailer in the World and the head of the Ortega’s Family.
3. Francois Pinault – Net Worth: $29.7 Billion
Being a French billionaire and businessman, Francois occupies the third position in the list of the richest men in Europe. He is also the founder of the luxury group of companies known as Kering and the investment company known as Artemis. He is well known in Europe for starting his journey into entrepreneurship in the timber industry in the early years of 1960. He later shifter the PPR of the company from timber to luxury and fashion and this has earned him a fortune. In 2003, he passed the management of the company to his son known as Francois-Henri in order for him to fully fulfill his passion for contemporary art. In addition, he is one of the leading contemporary art collectors in the World.
4. Leonid Mikhelson – Net Worth: 24.0 Billion
Leonid Viktorovich Mikhelson was given birth to on the 11th of August, 1955. Being a Russian billionaire and businessman, Leonid is the Chief Executive officer, Chairman, and a major shareholder of Novatek, which is a well known Russian Gas company. In 2012, he was listed as the second richest man in Russia in numerous articles including Bloomberg. Leonid together with his company, Novatek is the major sponsor of the Russian Football Union. He has also received the Russian Federation’s Order of the Badge of Honor. This is in compensation for the numerous positive activities he has initiated in the country.
5. Dieter Schwarz – Net Worth: $22.6 Billion
Given birth to on the 24th of September, 1939, Dieter Schwarz is a well known German businessman and billionaire. He is also the owner of the Schwarz-Gruppe. In addition, he is also the Chairman and the Chief Executive Officer of Lidl, a supermarket chain in Germany and Kaufland, which is a well-known hypermarket. As of February 2019, Schwarz has been listed as the 33rd richest person in the World by Forbes Listing of Richest Persons in the World. Over the years, he has been known as a hardworking individual looking at how he sporadically rose to the highest spot in the list of richest individuals.
6. Giovanni Ferrero – Net Worth: $22.4 Billion
The sixth richest man in Europe is Giovanni Ferrero. Being an Italian businessman and entrepreneur, Giovanni is one of the most respected billionaires in the continent. Born on the 21st of September, 1964, he is the leader of Ferrero SpA, a confectionery company.
7. Vladimir Lisin – Net Worth: $21.3 Billion
With a sum of over 21 Billion dollars, Vladimir Lisin occupies the seventh spot in the list of the richest men in Europe. Being a Russian Billionaire and businessman, Vladimir is the chairman and a major shareholder of one of the largest steel companies in Russia known as Novolpetsk. In addition, he is also a leading world authority on metallurgical processes and has been known for holding numerous patents and published over a hundred articles on the niche and economics including fifteen monographs.
8. Vagit Alekperov – Net Worth: $20.7 Billion
Being an Azerbaijani and Russian businessman, Vagit is the president of LUKOIL, a leading Russian oil company. According to the Forbes list of Russia’s richest men, Vagit occupied the third position. In addition, he is rated as the 46th richest person in the World. Born on the 1st of September, 1950, Vagit has earned numerous awards over the past years including Order ‘For Merit to the Fatherland’ (2nd 3rd and 4th Classes), Order of Friendship, and a host of others.
9. Alexei Mordashov – Net Worth: $20.5 Billion
Given birth to on the 26th of September, 1965, Alexei Mordashov is a Russian billionaire and businessman. In addition, he is also a major shareholder and chairman of a Russian conglomerate with interests in energy, metal, and mining known as Severstal. In 2019, he was reported to be the 4th richest person in Russian by CEOWORLD Magazine.
10. Gennady Timchenko – Net Worth: $20.1 Billion
Gennady Timchenko is currently the tenth richest man in Europe. Given birth to on the 9th of November, 1952, Gennady is a Russian oligarch and billionaire known to be a major player in the business sector of the country. He founded Volga Group, which is a private investment group that specializes in investments in infrastructure, transport, and energy sectors. Additionally, he is an honorary consul of Serbia in Saint Petersburg.
From Naijaquest, Most of the richest men in Europe have been known to be major players in the investment sector in the country and this has significantly improved their wealth.