Europe’s richest billionaire families and their single family offices
We are Europe’s leading information provider for and about single and multi family offices. Our main product is our list of the largest European single family offices. Through our family office news we provide weekly updates about international family office investments and topics. In this report we want to deliver as much as possible information about the single family offices of Europe’s wealthiest families. How did they earn their fortune? How and where is the fortune invested? Is there a known family office and how can it be reached?
We base our list on the net worths and information of Wikipedia’s list of the wealthiest families.
This article directly stems from the research process for our European single family office database. Our list of European single family offices includes the most important family investment vehicles that invest in various areas, such as financial markets, real estate, venture capital, private equity and renewables.
The Ortega family came to substantial wealth in the fashion industry, most notably through fashion brand Zara. The holding Inditex now has a turnover of 26 billion euros annually, comprised of eight different fashion and home brands. His family office Pontegadea owns one of the largest single family office real estate portfolios worldwide. Read more here.
The Van Damme, De Spoelberch and De Mevius families made their wealth through the merger of their family-owned Belgian breweries. Through the merger Interbrew (today: Anheuser-Busch InBev) developed. InBev today has sales of $54.6B. The family members are investing through different investment firms like Cogepa and Verlinvest. Read more here.
The Porsche and Piëch family made their fortune through the luxury car manufacturer Porsche. The family company was founded in 1930 by Ferdinand Porsche (who also gave the name to the company). Since then, the company turned into one of the most prestigious car companies globally. Sales in 2018 were over €25.8B, the Porsche’s and Piëch’s are billionaires. Read more here.
The Arnault family came through wealth through acquisitions and mergers in the luxury industry. In 1989 Bernard Arnault was named chairman of LVMH – Louis Vuitton Moet Hennessy and created the through acquisitions the biggest luxury holding in the world with over 80 brands – turnover last year was over 46 billion euros. Their family office is heavily invested in technology and private equity with focus on consumer goods. Read more here.
Ingvar Kamprad made a fortune through IKEA. He started the company from cratch and led it to sales in the amount of 38.8 billion euros in 2018. He is investing his family wealth through multiple vehicles, mainly in real estate and the family company. Through a real estate investment arm the Kamprad family is acquiring objects in Eastern Europe. Through another investment arm he is investing in companies. Read more here.
The Dumas Family, owner of the iconic fashion brand Hèrmes started in 1837 as a saddling company for horse carriages of the royalties in the 19th century but has gone a long way since then to one of the most admired fashion brands still in 2019 with a market capitalisation of over 66 billion euros. The secrecy, mystery and exclusivity surrounding products made by hand in France by Hèrmes artisans are in part the explanation why investment manager recomend to invest in Birkin Handbags instead of gold. Read more here.
The brothers Gerard and Alain Wertheimer each own half of Chanel, one of luxury and haute couture most iconic brands. Being a private company they released last year their financial results, being a highly sustainable healthy company with a revenue of nearly 10 billion dollars, and profit of nearly three billion. Their investment strategy is global, risk-averse and innovative. Read more here.
The Quandt’s are one of Germany’s most-known industrial families. They built up their massive wealth in the 20th century, mainly through the restructuring and financing of the “Bayerische Motorenwerke” (BMW), one of Germany’s top car manufacturers. Today, the family is investing through different vehicles. Some family members even manage their wealth and investments through dedicated single family offices. Read more here.
The Bettencout Family with Francoise Bettencourt Meyers has the richest women in the world. They own a 33% stake in the greatest beauty firm worldwide, L’Oreal, a company with a market value of 144 billion euros. Their single family office, Téthys Invest has a strong health focus and receives the dividends yearly from the share of L’Oreal, making substantial amounts of assets to manage. Read more here.
The Boehringer, von Baumbach Family is owner of one of the largest and research strongest companies in the pharmaceutical field. They are still own 100% of the company which is not publicly listed. It made a revenue last year of 17 billion euro and had a profit of more than 2.1 billion euro. Read more here.