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Arnault

July 6, 2017

Rothschild boast “record year”; Espresso House acquires Balzac Coffee; and Pinault family buy into luxury fashion house.

Rothschild boast “record year”

Advising the Arnault family on its €12 billion ($13.6 billion) Christian Dior acquisition was among the headline deals that led to a 15% jump in global merger and acquisition (M&A) revenue at sixth-generation Rothschild Group.

The significant rise in global M&A revenue to €875m, helped its global advisory unit achieve record performance for the second successive year and powered the 200-year-old family business to annual revenues of €1.77 billion – an 11% increase on 2016.

March 5, 2008

Microsoft owner Bill Gates has been over taken in a world rich list by a family business owner.

Microsoft owner Bill Gates has been overtaken in a world rich list by a family business owner. Carlos Slim, (pictured), who runs the Mexican telecommunications empire with his family, has been ranked second in a list of the world's richest people after narrowly being beaten to the top spot.

Warren Buffet tops the list with an estimated worth of $62 billion. Slim has $60 billion while Microsoft owner Bill Gates, who has topped the list for more than a decade, is ranked third with $58 billion.

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