Top 10 Billionaires 2020



4. Bernard Arnault & family – $108.9B

Bernard Arnault & family

One of the world’s ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora.

His luxury goods group, LVMH, posted record sales and profits in 2018, thanks in part to increased spending by Chinese customers.

The arts patron is the visionary behind the $135 million Frank Gehry-designed Foundation Louis Vuitton museum near Paris, opened in 2014.

Arnault and LVMH pledged over $220 million to help repair the Notre Dame cathedral in Paris following a devastating fire in mid April 2019.

His daughter Delphine is executive vice president of Louis Vuitton, and a member of LVMH’s executive committee.

His father made a small fortune in construction; Arnault put up $15 million from that business to buy Christian Dior in 1985.

5. Carlos Slim Helu & family – $66.4B

Carlos Slim Helu & family

Mexico’s richest man, Carlos Slim Helu and his family control America Movil, Latin America’s biggest mobile telecom firm.

With foreign telecom partners, Slim bought a stake in Telmex, Mexico’s only phone company, in 1990. Telmex is now part of America Movil.

He also owns stakes in Mexican construction, consumer goods, mining and real estate companies and 17% of The New York Times.

His son-in-law Fernando Romero designed the Soumaya Museum in Mexico City, home to Slim’s extensive, eclectic art collection.

6. Amancio Ortega – $78.2B

Amancio Ortega

Amancio Ortega is one of the richest men in Europe and the wealthiest retailer in the world.

A pioneer in fast fashion, he cofounded Inditex, known for its Zara fashion chain, with his ex-wife Rosalia Mera (d. 2013) in 1975.

He owns about 60% of Madrid-listed Inditex, which has 8 brands, including Massimo Dutti and Pull & Bear, and 7,500 stores around the world.

Ortega typically earns more than $400 million in dividends a year.

He has invested his dividends primarily into real estate in Madrid, Barcelona, London, Chicago, Miami and New York.